Hello, Guest!
  • Friday, November 22, 2024
"Boeing full logo", by Boeing, Richard Burch Eiber, https://www.boeing.com/confident-travel/, licensed under CC0

Boeing Receives $625M Contract to Update UK Military Info Logistics System

Boeing (NYSE: BA) has secured a potential five-year, $625 million contract to update and maintain logistics information systems for the British military.

The U.K. defense ministry said Thursday the company will support modernization work on LogIS software applications to provide the country’s service personnel a single technology platform for managing equipment inventories, transport services and financial statements.

The agency estimates it will save as much as $73 million over the contract period and expects the program to help Boeing’s defense business to sustain up to 300 jobs at two facilities in England.

An additional 375 positions at various suppliers such as BAE Systems, IBM (NYSE: IBM), Fujitsu and Sopra Steria could offer support to the program, the ministry noted.

Video of the Day

Related Articles

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ Contract Awards

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ

Eight companies have won spots on a five-year, $701 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to repair, maintain and modernize non-nuclear surface ships homeported in Mayport, Florida. The contractors will conduct continuous maintenance emergent maintenance of the ship and provide short-term support to the Chief of Naval Operations, the Department of Defense said Wednesday.

NuAxis Innovations Names Heather Newlin as Chief Delivery Officer; Raza Latif Quoted Executive Moves

NuAxis Innovations Names Heather Newlin as Chief Delivery Officer; Raza Latif Quoted

Heather Newlin, a GovCon industry executive, has joined federal information technology company NuAxis Innovations as chief delivery officer. NuAxis Innovations CEO Raza Latif announced Newlin’s appointment in a LinkedIn post published Wednesday. “With Heather’s extensive experience in service delivery and her expertise in leading mid-sized federal businesses, I am confident that she will lead us

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major