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Progeny Systems has won a potential eight-year, $98M contract to help the U.S. Navy engineer systems. The contract has a $25.7M base value and would reach its potential value if the military service exercises all options, the Department of Defense said Tuesday....

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $1.22B contract modification to produce Trident II D5 missiles and support deployed systems for the U.S. and U.K. navies. The modification has a base value of $494.9M and will reach its potential maximum dollar value if all options are exercised, the Department of Defense said Monday...

The U.S. Navy has named Aaron Weis, former senior adviser to the Department of Defense's chief information officer, as CIO of the service branch, Stars and Stripes reported Thursday....