Posts from GovCon Wire for 10/23/2015

President Obama Rejects $612B Defense Policy Bill

President Barack Obama has issued a veto on the 2016 National Defense Authorization Act, sending the legislation back to Congress over what he called a strategy to sidestep military budget caps, The Hill newspaper reported Thursday…

Reports: William LaPlante Says Air Force to Award New Bombers Soon

William LaPlante, assistant secretary of the U.S. Air Force for acquisition, has said the service will award the potential $80 billion contract for the Long Range Strike Bomber soon, Reuters reported Wednesday…

Lockheed Lands $176M Targeting Pod Production Contracts for USAF Fighter, Bomber Fleet

Lockheed Martin (NYSE: LMT) has won contracts worth $176.1 million combined to produce new targeting pods and related upgrade kits for the U.S. Air Force’s fleet of bomber aircraft and fighter jets…

Navy Taps Northrop for Potential $91M Laser Demonstrator Program Contract

Northrop Grumman‘s (NYSE: NOC) space and mission systems business will provide support for the Solid State High Power Laser Weapon System Demonstrator program under a potential three-year, $91.1 million U…

General Dynamics Subsidiary Lands Navy Yard Services Contract Modification

A General Dynamics (NYSE: GD) subsidiary has received a $24.1 million contract modification to provide planning yard services for the U.S. Navy‘s fleet of nuclear submarines and moored training ships…

Serco to Update US Navy Personnel Readiness Tools; Dan Allen Comments

Serco Inc. has received a $15.4 million contract to refresh the tools for the U.S. Navy’s staffing processes in order to help the client prioritize personnel resources. The company said Thursday it will develop process tools and analyze data to assist in the Navy’s Street to Fleet initiative meant to forecast potential staffing requirements…

David Mader: OMB Seeks to Advance Shared Services Adoption Through New Governing Board

David Mader, acting deputy director for management at the Office of Management and Budget, has announced OMB’s plan to set up an administrative body that will work to craft strategies to encourage government agencies to use shared services, GovExec reported Thursday…

October 22 Market Close: GovCon Index Snaps Out of Neutral, Posts 2% Gain

The GovCon Index snapped a four-day streak of nominal and negative trading activity Thursday with a gain of 1.949 percent to 74.524. Raytheon (NYSE: RTN) shares climbed 4.1 percent to $111.28 after the weapons maker posted third quarter earnings and sales figures above Wall Street forecasts and raised its full-year revenue guidance…