Posts from GovConWire for 04/05/2017

KEYW Wraps Up $235M Sotera Purchase

KEYW Corp. (Nasdaq: KEYW) has wrapped up its $235 million cash acquisition of Herndon, Virginia-based national security technology contractor Sotera Defense Solutions. Hanover, Maryland-based KEYW completed the transaction a month after it agreed to acquire Sotera as part of efforts to advance strategic growth and expand footprint in the intelligence community…
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Lockheed Gets Milestone C Approval for Sikorsky CH-53K Helicopter

Lockheed Martin has received Milestone C approval to transition the Sikorsky-built CH-53K King Stallion helicopter to the low-rate initial production phase. Lockheed said Tuesday the CH-53K aircraft was granted the approval after it completed production readiness reviews and initial operational assessment by the U…
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Report: Trump’s Proposed $54B Defense Budget Increase Would Top BCA Spending Limit

A Congressional Research Service report says President Donald Trump’s proposal to increase defense spending by $54 billion for fiscal 2018 would exceed the $549 billion spending cap under the Budget Control Act, Nextgov reported Tuesday…
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Eaton to Support DoD Microgrid Demo Project at Michigan’s Fort Custer

The Defense Department has chosen Eaton to provide engineering and power management services to a microgrid demonstration project at the Michigan Army National Guard’s Fort Custer Training Center…
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Steven Volz: NOAA Eyes Commercial, Int’l Partners as ‘Alternative Sources’ of Satellite Weather Data

The National Oceanic and Atmospheric Administration has begun to consider the use of satellite-based weather data from commercial sources and international partners in an effort to address potential budget cuts to NOAA’s weather satellite initiatives, Space News reported Monday…
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Orbital ATK to Manufacture Projectile Fuze for Navy Ship Gun Ammunition

Orbital ATK has secured a $20.8 million contract to produce and support the first article test of a multifunction projectile fuze designed to increase the overall mission capacity of five-inch gun ammunition for U…
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Senate Approves VA Choice Program Extension Bill

The Senate has unanimously approved a bill that would permit the Department of Veterans Affairs to use funds appropriated for the Veterans Choice Program after the initiative expires on Aug. 7. Sen. John McCain’s (R-Arizona) office said Monday the Veterans Choice Program Improvement Act would allow VA to fully consume $950 million in remaining program funds…
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MIL Corp to Continue Financial Support Services for State Dept Under Recompete Contract

MIL Corp. will extend its partnership with the State Department as part of a recompete contract awarded under a Blanket Purchase Agreement for financial support services. The company said Monday it will oversee the department’s applications and guide operations from the planning phases through the implementation of new accounting, payroll and reporting systems…
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VIDEO: US Navy SPAWAR Commander on Space Goals, Strategy, Nanosats

Rear Adm. Christian Becker, USN, commander of Space and Naval Warfare Systems Command, discusses the US Navy’s goals and strategies for space, nanosats and more with Defense & Aerospace Report Editor Vago Muradian in an April 3 interview at the Navy League of the United States’ 2017 Sea-Air-Space Exposition in National Harbor, Maryland…
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April 4 Market Close: GovCon Index and Markets Close Slightly Positive

The Executive Mosaic GovCon Index and major markets all closed slightly up as investors remain cautious about the state of the economy. Investors await the outcome of President Trumps meeting with Xi Jinping of China, the jobs report on Friday, and the release of the first quarter earnings results…
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