Boeing Increases Share Buyback Plan to $14B The board of directors at Boeing (NYSE: BA) has approved an increase in the company’s share repurchase authorization to as much as $14 billion of common stock for the next two to three years. Boeing said Monday it has bought back $6…

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Dell, EMC Merger to Proceed After ‘Go Shop’ Period Ends EMC (NYSE: EMC) and Dell are set to continue with their planned merger after the Massachusetts-based data storage company did not receive a “superior” alternative offer during a go-shop process…

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Lockheed to Supply Missile Interceptors to Foreign Military Clients Under $1B Contract Modification Lockheed Martin (NYSE: LMT) has received a $1.09 billion contract modification from the U.S. Army to produce air and missile defense interceptors for foreign military customers. The company will build Patriot Advanced Capability-3 air defense missiles for Korea, Saudi Arabia and Qatar under a foreign military sales contract with the U…

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AF to Exercise Boeing, Northrop, Lockheed JSTARS Recap Contract Options After Milestone Decision The U.S. Air Force‘s Joint Surveillance Target Attack Radar System recapitalization program has received a Milestone A decision to move forward to the technology maturation risk reduction phase, Hanscom Air Force Base reported Monday…

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Leidos Gets Contract Modification for DARPA’s Adaptive Radar Countermeasures Program Leidos has received a contract modification from the Defense Advanced Research Projects Agency that brings the value of its contract on the Adaptive Radar Countermeasures program to $33.2 million. The Defense Department saidMonday the modification itself is worth $12…

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GE Aviation Lands Army Power Electronics R&D Contract; Vic Bonneau Comments GE Aviation has been awarded an 18-month, $3.4 million contract with the U.S. Army to study and develop a silicon carbide-based power electronics system for installation on the service branch’s ground vehicle electrical power architecture…

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Robert Work: DoD Eyes Experiments on Human-Machine Collaboration Under 3rd Offset Strategy Deputy Defense Secretary Robert Work has said the Defense Department plans to conduct experiments on human-machine collaboration and deep learning machines over the next year as part of DoD’s Third Offset Strategy, Defense News reportedMonday…

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December 14 Market Close: GovCon Index Down, US Stocks Slightly Green on Oil Bounce The GovCon Index turned around a sharp late morning declineMonday with a rally in a choppy afternoon session but fell short of a full recovery as it closed at a nominal loss of 0.063 points to 75…

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