CATEGORY ARCHIVES: NEWS

India Eyes $2B Purchase of General Atomics Surveillance, Armed Drones

TYSONS CORNER, VA, December 28, 2015 — India has indicated an interest to buy $2 billion in General Atomics-built Avenger and Predator XP armed and surveillance drones, GovCon Wire reported Wednesday. PTI reported Tuesday the country plans to use the drones to support programs for internal security, counterterrorism and defense against Chinese incursions into Indian territory. About Executive...

read more

Lockheed Lands $1B Contract for F-35 Components to US, Foreign Customers

TYSONS CORNER, VA, December 23, 2015 — Lockheed Martin (NYSE: LMT) will provide F-35 long-lead materials and components for Lot 11 low-rate initial production under a $1.2 billion contract from the U.S. Navy, GovCon Wire reported Tuesday. The Defense Department said Monday the contract covers the F-35A, F-35B and F-35C variants of the fighter jet for both domestic and foreign military customers....

read more

MDA Awards Raytheon $2B SM-3 Contract Modification

TYSONS CORNER, VA, December 22, 2015 — Raytheon (NYSE: RTN) will provide Standard Missile-3 IB weapons to the Missile Defense Agency under a potential six-year, $2.3 billion contract modification, GovCon Wire reported Monday. The Defense Department said Friday the order includes eight additional SM-3 Block IB missiles and all-up-round and recertification support. About Executive Mosaic: Founded...

read more

ManTech Lands Spot on $5B DTIC Cyber Tasks Contract; Bill Varner Comments

TYSONS CORNER, VA, December 21, 2015 — ManTech International (Nasdaq: MANT) has secured a spot on the Defense Technical Information Center's $5 billion Cyber Security and Information Systems Technical Area Tasks multiple-award contract, GovCon Wire reported Friday. The company said Friday tasks under the CS TAT contract include software analysis, information assurance and other services in...

read more

Lockheed Martin Lands $216M Contract for Apache Pilot Night-Vision Systems FMS

TYSONS CORNER, VA, December 18, 2015 — Lockheed Martin (NYSE: LMT) will produce Modernized Target Acquisition Designation/Pilot Night Vision Systems for India's Apache helicopters under a $215.8 million foreign military sales contract, GovCon Wire reported Thursday. The Defense Department said Wednesday work will be performed in Orlando, Florida, through the end of December 2021. About Executive...

read more

Lockheed Martin Lands $147M Contract for Trident II Missile Support to US, UK

TYSONS CORNER, VA, December 17, 2015 — Lockheed Martin (NYSE: LMT) will provide navigation system engineering support for U.S. and U.K. Trident II D5 missiles under a $147 million contract from the U.S. Navy, GovCon Wire reported Wednesday. The Defense Department said Tuesday the contract includes fleet support, trainer systems, submarine engineered refueling overhaul and other associated...

read more

Lockheed Martin Lands $1B Modification on PAC-3 FMS Contract

TYSONS CORNER, VA, December 16, 2015 — Lockheed Martin (NYSE: LMT) will supply Patriot Advanced Capability-3 missiles for Korea, Qatar and Saudi Arabia under a $1.09 billion modification to a foreign military sale contract, GovCon Wire reported Tuesday. The Defense Department said Monday the contract modification covers work at locations in Alabama, Arkansas, California, Florida, Massachusetts...

read more

PAE Gets 3 Acquisition Offers For Potential $900M Transaction

TYSONS CORNER, VA, December 15, 2015 — PAE has received acquisition offers from three private equity firms, with Apollo Global Management identified as the leading bidder following an auction process, GovCon Wire reported Monday. Reuters reported Friday Apollo and PAE owner Lindsay Goldberg are in negotiations for the potential deal, which could be worth an estimated $900 million....

read more

MDA Awards $66M Modification to Raytheon Antenna Equipment Contract

TYSONS CORNER, VA, December 14, 2015 — The Missile Defense Agency has awarded Raytheon (NYSE: RTN) a modification that increased the value of a previously awarded contract for antenna equipment to $955.3 million, GovCon Wire reported Friday. The Defense Department said Thursday the contract modification is worth $66.5 million and covers the procurement of associated float antenna equipment...

read more

Raytheon to Provide Extended-Range Munitions to Navy for $98M

TYSONS CORNER, VA, December 11, 2015 — Raytheon (NYSE: RTN) will supply Precision Extended Range Munition systems to the U.S. Navy under a potential five-year, $98 million contract, GovCon Wire reported Thursday. The Defense Department said Tuesday the 120-millimeter munition system uses GPS guidance and works to support expeditionary fire support operations. About Executive Mosaic: Founded in...

read more

Ken Asbury: CACI's $550M L-3 NSS Buy Part of Enterprise IT, Intell Market Push

TYSONS CORNER, VA, December 10, 2015 — CACI International (NYSE: CACI) CEO Ken Asbury has said the company's recent acquisition activity works to increase its market presence in enterprise IT and the Intelligence Community, GovCon Wire reported Tuesday. The report said Asbury told investors CACI's $550 million purchase of the government services business of L-3 Communications (NYSE: LLL) is...

read more

Lockheed Martin Receives $318M Contract for Hellfire II Hardware, Components

 TYSONS CORNER, VA, December 9, 2015 — Lockheed Martin (NYSE: LMT) will provide Hellfire II missile hardware and other components to several international customers, the U.S. Army and U.S. Air Force under a $318.3 million contract, GovCon Wire reported Tuesday. The Defense Department said Monday the foreign customers are Egypt, Korea, India, Indonesia, Iraq, Pakistan, Saudi Arabia and Tunisia....

read more