Lockheed Martin (NYSE: LMT) has initiated talks with suppliers to generate $5 billion in cost savings on the F-35 program as the company negotiates a contract to produce the 11th batch of fighter jets, Bloomberg reported Tuesday. Julie Johnsson and Anthony Capaccio write Lockheed CEO Marillyn Hewson, also an inductee into Executive Mosaic™...
Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a $98.5 million contract modification to update the U.S. Navy‘s AN/SLQ-32 electronic warfare system. The Defense Department said Friday the modification covers full-rate production of the Surface Electronic Warfare Improvement Program‘s Block 2 ...
GlobalFoundries U.S. 2 LLC has secured a one-year, $99.8 million contract modification from the Defense Microelectronics Activity to provide the Defense Department and federal civilian agencies access to microelectronics and other trusted processes. DoD said Friday the company will perform contract work in Burlington, Vermont and...
Northrop Grumman (NYSE: NOC) has been awarded a potential $812 million contract by the U.S. Navy to manufacture gun mission modules for the service branch’s Littoral Combat Ships. The company will also support basic outfitting assembly installation, engineering, sustainment and interim depot-level maintenance of LCS gun mission modul...
Boeing (NYSE: BA) has secured a potential $371.2 million contract modification from the Defense Logistics Agency to provide performance-based supply chain support for the U.S. Air Force‘s F-15 aircraft fleet. The Defense Department said Wednesday the sole-source contract contains a five-year base period that will run throug...
Weekly Roundup March 13 – March 17 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson It™s been a busy week for the Trump administration, with further federal budget alterations, official appointments and executive orders. The changes implemented by President Trump a...
Lockheed Martin (NYSE: LMT) has received a potential five-year, $347 million contract from the General Services Administration to provide a range of technical, functional and managerial support services at the Defense Department‘s cybercrime center. The contract covers Defense Cyber Crime Center services such as l...
The U.S. Army has awarded Boeing (NYSE: BA) a five-year, $3.28 billion contract modification to produce lots 7 to 11 of AH-64E Apache attack helicopters for Saudi Arabia as part of a foreign military sales deal. The Defense Department said Wednesday the company will also provide remanufactured and new build AH-64Es and ...
Lockheed Martin (NYSE: LMT) has received a potential $80.5 million contract modification from the U.S. Navy to continue to conduct additional implementation studies for the Aegis ballistic missile defense system. The Defense Department said Wednesday the studies will be used to support future shipbuilding programs of foreign military sales clie...
The U.S. Navy has selected six companies to compete for task orders to provide radiological remediation support services at several Navy and Marine Corps bases under a potential five-year, $240 million contract. The Naval Facilities Engineering Command Southwest in San Diego received eight offers for the indefinite-delivery/indef...
