GAO Reviews FAA’s NextGen Modernization Program A new government audit says the Federal Aviation Administration has received an estimated $7.4 billion for activities to implement a program designed to transform current radar-based air transportation systems into one product that will utilize automated aircraft position reporting, digital communications and satellite navigation… Read More CSRA Secures $52M DHS Technical...

Cubic FY 2017 Guidance Falls Below Street Outlook, Contractor Expects Defense Order Delay Resolutions GovCon Index-listed Cubic Corp. (NYSE: CUB) issued earnings and revenue guidance below Wall Street’s consensus outlook for the company’s 2017 fiscal year started Oct. 1 with expectations of delayed orders from the Defense Department to be received over the next 12 months… Read More...

Lockheed to Modernize South Korea F-16s Under $1.2B USAF Foreign Sales Deal The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential nine-year, $1.20 billion contract to support modernization of South Korea’s fleet of F-16 Fighting Falcon jets. Lockheed will perform the F-16 upgrades as part of a foreign military sales agreement between the...