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GovConWire's Government Contracting News 8/22/2022

Air Force Awards 5 Spots on $4.8B Contract for NASIC Intell Production Support Services
Contract Awards

Air Force Awards 5 Spots on $4.8B Contract for NASIC Intell Production Support Services

Five contractors will compete for task orders under a potential 11-year, $4.8 billion multiple award contract from the U.S. Air Force to provide National Air and Space Intelligence Center with capability support services. Altamira Technologies, Epsilon Systems Solutions, Modern Technology Solutions Inc., Radiance Technologies and Xandar were selected among 10 contract bidders to assist NASIC
GovCon Expert McAleese Offers Analysis of Defense Primes’ Q2 2022 Financial Results
Financial Reports

GovCon Expert McAleese Offers Analysis of Defense Primes’ Q2 2022 Financial Results

A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2022 financial performance
Jacobs Intends to Adopt Holding Company Structure
Industry News

Jacobs Intends to Adopt Holding Company Structure

Jacobs (NYSE: J) will adopt Jacobs Solutions as its new corporate name as part of a plan to implement a holding company structure on Aug. 29. Common stock of Jacobs Solutions will trade on the New York Stock Exchange under the ticker symbol “J” on an uninterrupted basis, the company said Friday. Jacobs said the
Executive Mosaic CEO Jim Garrettson Presents 3rd Wash100 Award to Roy Azevedo, President of Raytheon I&S
News

Executive Mosaic CEO Jim Garrettson Presents 3rd Wash100 Award to Roy Azevedo, President of Raytheon I&S

Roy Azevedo, president of Raytheon Technologies’ intelligence and space business, was presented with his 2022 Wash100 Award by Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s office in Arlington, VA. Executive Mosaic is honored to recognize Roy Azevedo as a three-time Wash100 Award recipient, for driving business growth through major contract wins, technology
5 Vendors to Develop Adaptive Engine Prototypes Under $975M Air Force IDIQ
Contract Awards

5 Vendors to Develop Adaptive Engine Prototypes Under $975M Air Force IDIQ

The U.S. Air Force has awarded five companies positions on a potential 10-year, $975 million contract to perform technology maturation and risk reduction work under a program that seeks to build prototypes of an adaptive engine for next-generation fighter aircraft. The awardees are General Electric’s (NYSE: GE) Edison Works business, Raytheon Technologies’ (NYSE: RTX) Pratt
BAE Unit Wins $124M Contract for Dry Dock Maintenance of USS Ross Destroyer Ship
Contract Awards

BAE Unit Wins $124M Contract for Dry Dock Maintenance of USS Ross Destroyer Ship

BAE Systems‘ ship repair business in Norfolk, Virginia, will help the U.S. Navy carry out extended dry-docking selected restricted availability activities for an Arleigh Burke-class guided missile destroyer under a potential $123.9 million contract. The project covers modernization, repair and maintenance work on the USS Ross (DDG 71) vessel for fiscal year 2023, the Department
Biometrics Industry Vet Gary Lac Takes VP Role at NEC’s US Subsidiary
Executive Moves

Biometrics Industry Vet Gary Lac Takes VP Role at NEC’s US Subsidiary

Gary Lac, a two-decade biometrics and identity management industry veteran, has been appointed vice president of solutions development at the U.S. subsidiary of Japanese information technology company NEC Corp. He will oversee NEC Corporation of America products across digital services, national security and state and local government verticals, the company said Friday. Lac previously led
Northrop Maintains $1.73 Dividend for Shareholders
Financial Reports

Northrop Maintains $1.73 Dividend for Shareholders

Northrop Grumman‘s (NYSE: NOC) board of directors has approved a quarterly cash dividend of $1.73 per share on the company’s common stock for the second quarter, remaining steady from the dividend rate announced three months ago.  The company said Wednesday it will give the dividend on Sept. 14 to stockholders of record at the close
NASA Posts RFI for Space Station Deorbit Spacecraft Development
News

NASA Posts RFI for Space Station Deorbit Spacecraft Development

NASA expects the International Space Station to conclude operations in late 2030 and is seeking information from potential industry sources of spacecraft that will work to deorbit the government-funded laboratory. A request for information posted Friday on SAM.gov says the deorbit vehicle should attach to the Node 2 Forward port one year before the controlled
Boeing Awarded $121M to Produce Navy Torpedo Air Launcher Equipment
Contract Awards

Boeing Awarded $121M to Produce Navy Torpedo Air Launcher Equipment

Boeing (NYSE: BA) has been awarded a potential eight-year, $121.4 million contract to produce equipment for the U.S. Navy to deploy anti-submarine torpedoes from the P-8A maritime patrol and reconnaissance aircraft. The military branch will initially obligate $11.8 million on full-rate production services for the High-Altitude Anti-Submarine Warfare Weapon Capability Air Launch Accessory, according to
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