Posts from GovConWire for 09/01/2015

CSC Govt Services Unit, SRA to Merge; Mike Lawrie Comments

Computer Sciences Corp. (NYSE: CSC) has agreed to integrate its government services unit with SRA International as part of its plans to spin off the unit. “The combination of CSGov and SRA is an important strategic move to best position the combined company as the government IT services industry consolidates,” Mike Lawrie, president and CEO of CSC, said Monday…

Lockheed Gets $431M Navy Supply Contract for F-35 Spares, Support Tools

Lockheed Martin’s (NYSE: LMT) aeronautics business has received a potential seven-year, $430.9 million contract to provide the U.S. Navy with non-air vehicle spares and support tools for the preliminary production of F-35 Lightning II aircraft for domestic and international military clients…

Navistar Defense to Produce Medium Tactical Vehicles for Afghanistan

Navistar Defense LLC has been selected to supply medium tactical vehicles for Afghanistan under a $368,932,767 foreign military sales contract with the U.S. Army. The Lisle, Illinois-based company will produce the 2,293 vehicles at facilities in Mississippi, Tennessee, Wisconsin, Ohio and Pennsylvania through Nov…

Northrop Unit to Integrate Components of Navy’s EOD Robot Increment 1

A Northrop Grumman (NYSE: NOC) business unit will provide procurement and integration support to the U.S. Navy under a $14.1 million contract for the Advanced Explosive Ordnance Disposal Robotic System dismounted operations variant…

Wash Post: US Plans Issuance of Economic Sanctions to Tackle China’s Online Espionage

The White House is looking to impose sanctions on Chinese individuals and businesses that have used trade secrets stolen from the U.S. through cyber espionage, the Washington Post reported Sunday. Ellen Nakashima writes some unnamed officials said they expect the Obama administration to decide whether to implement the restrictions within the next two weeks…

Raytheon Lands $175M Qatar Air, Missile Defense Operations Contract

Raytheon (NYSE: RTN) has received a $175,081,326 contract from the U.S. Air Force to install Qatar’s air and missile defense operations center through a foreign military sales program. The award represents the second phase of the contract and Raytheon will also work to integrate air and missile systems into the center, the Defense Department said Monday…

Cubic Lands Army Reserve Contract for Small Arms Virtual Training Tool; Bill Toti Comments

Cubic Corp.’s global defense segment has been awarded a $1.3 million contract to provide more units of Engagement Skills Training 3000 system to the U.S. Army Reserve. Cubic said Monday the EST 3000 is a small arms virtual training tool designed to hone users’ marksmanship, judgmental and collective firing skills through game-based graphics…

August 31 Market Close: GovCon Index, US Stocks Fall on Interest Rate Timing Concerns

The GovCon Index ended the most turbulent month in its nearly one year of existence Monday with a decline of 1.174 percent to 72.126. The Index has tumbled 5.18 percent from itsJuly 31 close of 76…