Hello, Guest!
  • Friday, November 22, 2024

USAF Awards Three Firms Warhead Delivery Contracts Totaling $74M

Jeff Brody

General Dynamics’ (NYSE: GD) ordnance and tactical systems unit, Northrop Grumman’s (NYSE: NOC) defense systems sector and Major Tool and Machine have received 15-month contracts worth a cumulative total of $74M from the U.S. Air Force to provide BLU 111 warhead assemblies.

General Dynamics, Northrop and MTM will receive $26.5, $24.7 and $22.8, respectively, the Department of Defense said Friday. The BLU 111 is a multipurpose bomb designed for enhanced ballistics.

The Air Force Life Cycle Management Center will obligate the full amounts from fiscal 2018, 2019 and 2020 procurement funds at the time of award. Work will take place in Indiana, Texas and Virginia through June 2021.

The three companies received the contracts under an engineering change proposal.

Video of the Day

Related Articles

General Dynamics Reports Solid Operating Results, Growing Revenue and Backlog in Q1 2024; Phebe Novakovic Quoted Financial Reports

General Dynamics Reports Solid Operating Results, Growing Revenue and Backlog in Q1 2024; Phebe Novakovic Quoted

General Dynamics (NYSE: GD) has presented its first quarter 2024 results and reported that revenue and net earnings grew 8.6 percent and 9.5 percent year-over-year to $10.7 billion and $799 million. The company said Wednesday its operating earnings reached $1 billion, or 10.4 percent higher from a year ago, while company-wide backlog went up 4.4

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

General Dynamics Land Systems Secures $297M Army M10 Booker System Technical Support Contract Contract Awards

General Dynamics Land Systems Secures $297M Army M10 Booker System Technical Support Contract

A General Dynamics (NYSE: GD) subsidiary has received a potential five-year, $296.8 million contract from the U.S. Army to provide system technical support for the military branch’s M10 Booker combat vehicle. Army Contracting Command will obligate funds and determine work locations upon award of each task order and expects contract work to run through April