Posts from GovConWire for 11/10/2016

CSRA Tops Street’s 2Q Earnings, Revenue Forecasts

GovCon Index– and S&P 500-listed CSRA (NYSE: CSRA) reported second quarter earnings and revenue above Wall Street analysts’ forecasts after markets closed Wednesday on what the company cited as ramps of new business awards and expansion of existing work…
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Bechtel Awarded $575M Naval Nuclear Propulsion Components Contract

Bechtel‘s plant machinery business has secured a potential $575.1 million cost-plus-fixed-fee contract from the U.S. Navy for various naval nuclear propulsion components. The Defense Department said Wednesday Bechtel Plant Machinery Inc…
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Air Force Awards 11 Spots on $300M West Region Design, Construction Services IDIQ

Eleven companies have won spots on a five-year, $300 million contract for design, construction and engineering services to the U.S. Air Force. The Defense Department said Wednesday contractors will vie for task orders to design, build, repair, renovate or restore Air Force facilities and infrastructure within the West region using a wide range of methods and technologies…
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Report: US Defense Sector Expects Donald Trump’s Presidential Win to Drive Weapons Spending

The U.S. defense industry expects Donald Trump’s victory in the U.S. presidential election combined with Republicans retaining their majorities in both House and Senate to result in an increase in weapons spending, Forbes reported Wednesday…
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Canada Solicits Proposals for WGS Military Satcom Terminals Procurement Contract

Canada has asked industry to submit proposals for a potential $15 million contract to procure portable satellite communications terminals designed to facilitate the use of the U.S. Air Force’s Wideband Global Satcom system by Canadian military commanders deployed overseas, Space News reported Wednesday…
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DCMA Updates Automated Contract Administration Tool

The Defense Contract Management Agency has rolled out a new version of its automated tool that works to help DCMA personnel evaluate acquisition programs and review contracts. DCMA said Tuesday Integrated Workload Management System 3…
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Lockheed Vet Joanne Maguire Joins Tetra Tech Board of Directors

Joanne Maguire, former executive vice president for space systems at Lockheed Martin, has joined Tetra Tech as a member of the California-based consulting and engineering services company’s board of directors…
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Physical Optics to Continue Micro Weather Sensor Development for Air Force

Physical Optics Corp. has been awarded a five-year, $24.5 million contract to complete the development and procurement of micro weather sensors and advanced micro weather sensors for the U.S. Air Force…
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Airbus’ Defense & Space Business to Provide Radars for Navy LCS Program

Airbus‘ defense and space business has entered into a contract with its electronics and border security affiliate to deliver naval radars for the U.S. Navy‘s Littoral Combat Ship program. Airbus said Wednesday it will provide TRS-4D radars through Freedom-class prime contractor Lockheed Martin…
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Army Orders Additional Comtech VSAT Satellite Systems; Fred Kornberg Comments

Comtech Telecommunications has received an additional $8.8 million order from the U.S. Army for very small aperture terminal satellite systems. The company said Tuesday its command and control technologies group will deliver Secret Internet Protocol Router and Non-Secure Internet Protocol Router Access Point VSAT satellite systems to the military service…
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November 9 Market Close: GovCon Index Ends at Record High With 5% Surge, Investors Bet on Defense Spending Uptick

Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres…
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