Posts from GovConWire for 06/16/2017

Deloitte: Global Aerospace & Defense Sector’s 2016 Revenue Hit $674B; Robin Lineberger Comments

A new report from Deloitte says that global aerospace and defense revenue increased by 2.4 percent to $674.4 billion last year. The 2017 Global A&D Sector Financial Performance Study is based on an analysis of top 100 A&D companies worldwide that recorded more than $500 million in revenues last year, the company said Thursday…
Read More

General Dynamics Awarded $250M to Modify, Sustain Army SIGINT Platform

General Dynamics‘ (NYSE: GD) missions systems business has secured a five-year, $250 million contract to modify, test and sustain a ground-based system the U.S. Army uses to obtain tactical signals intelligence…
Read More

Senate OKs Russia, Iran Sanctions Bill With Amendment for Russian-Made Rocket Engines

The Senate voted 98-2 Thursday to pass a bill that would enact new sanctions against Russia and require the White House to secure congressional approval before lifting any current sanctions, Reuters reported Thursday…
Read More

Bell Helicopter to Repair UH-1Y, AH-1Z Aircraft Items Under $147M Navy Contract

Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has landed a potential $146.6 million contract from the U.S. Navy to repair 35 items used on the UH-1Y utility helicopter and the AH-1Z attack helicopter…
Read More

NASA, Lockheed, Orbital ATK Test Orion Spacecraft Launch Abort Motor

Orbital ATK has worked with NASA and Lockheed Martin to test-fire a motor technology for the Orion spacecraft’s launch abort system. The Qualification Motor-1 test was conducted at Orbital ATK’s facility in Promontory, Utah, and evaluated if the motor could activate within milliseconds and operate as designed under high temperatures, Orbital ATK said Thursday…
Read More

L3 Secures $91M Air Force Video Data Link Sustainment, Training IDIQ

L3 Technologies (NYSE: LLL) has received a potential five-year, $90.7 million contract from the U.S. Air Force to provide hardware and sustainment and training services for video data link devices. The indefinite-delivery/indefinite-quantity contract includes foreign military sales to Australia and a provision for other eligible countries to join the procurement effort, the Defense Department said Thursday…
Read More

Gryphon to Support MDA’s Sea-Based Radar Mission Under $58M Contract

Gryphon Technologies has won a potential seven-year, $57.7 million contract from the Missile Defense Agency to support integration work on the Sea-Based X-Band Radar mission. The Defense Department said Thursday that Gryphon will provide communication operations and support services to MDA’s SBX strategic mission under the cost-plus-incentive-fee contract…
Read More

VIDEO: Mine Warfare Rapid Assessment Capability

The Office of Naval Research (ONR) TechSolutions-sponsored Mine Warfare Rapid Assessment Capability (mRAC) is a man-portable threat detection and localization system that utilizes an ultra-sensitive magnetometer sensor package installed onboard a small quadrotor platform…
Read More

June 15 Market Close: GovCon Index Closes Up While Major Indices Close Down

The Executive Mosaic GovCon Index closed up for the seventh consecutive day with platform companies leading the pack. U.S. stocks slid for the fourth time in the past five days, with technology stocks continuing to plummet as selling activity resumed, begging the question of if tech will be under this pressure for the rest of the summer…
Read More