Posts from GovConWire for 03/17/2017

Reports: Trump Proposes $1.1T Federal Budget for FY 2018, Requests $30B in FY 2017 Supplemental Military Funds

President Donald Trump has proposed to Congress a $1.1 trillion budget for fiscal year 2018 and requested $30 billion in supplemental military funds for FY 2017, Defense News reported Thursday. Joe Gould writes the White House’s FY 2018 budget plan would provide the Defense Department with $639 billion, which includes $574 billion for DoD’s base requirements and $65 billion for overseas contingency operations…
Read More

Navy Awards Northrop Potential $812M LCS Gun Mission Module Production Contract

Northrop Grumman (NYSE: NOC) has been awarded a potential $812 million contract by the U.S. Navy to manufacture gun mission modules for the service branch’s Littoral Combat Ships. The company will also support basic outfitting assembly installation, engineering, sustainment and interim depot-level maintenance of LCS gun mission modules, the Defense Department said Thursday…
Read More

CenturyLink, Level 3 Shareholders OK $34B Merger Deal

Shareholders at CenturyLink (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) have separately approved the deal originally announced in October 2016 for CenturyLink to buy Level 3 for approximately $34 billion in a cash-and-stock transaction…
Read More

Boeing to Support Air Force F-15 Supply Chain Under $371M Contract Modification

Boeing (NYSE: BA) has secured a potential $371.2 million contract modification from the Defense Logistics Agency to provide performance-based supply chain support for the U.S. Air Force‘s F-15 aircraft fleet…
Read More

Lockheed Completes Devt Work on Army Fiber Laser System

Lockheed Martin has developed and tested for the U.S. Army a 60-kilowatt laser weapon system designed to help the service branch counter threats posed by drones, mortars and rockets. Lockheed has initiated preparation work to facilitate the delivery of the fiber laser platform to the Army Space and Missile Defense Command in Alabama after it completed a demonstration of the system early this month, the company said Thursday…
Read More

NTT Data to Help Update DOJ’s Immigration Review IT Support System; Tim Conway Comments

NTT Data has secured a potential five-year, $34.5 million contract to help the Justice Department modernize an information technology support system at DOJ’s Executive Office for Immigration Review…
Read More

MBDA Unveils New Short Range Air Defense System

MBDA has introduced a short range air defense system offering that is built upon a remotely controlled turret. The company said Tuesday its Mistral ATLAS-RC platform is designed to integrate with light armored vehicles such as the Spanish army’s URO VAMTAC ST5 and equipped with a pair of Mistral missiles and a thermal sight technology…
Read More

Leidos’ RPA Operations Center Receives AFA Recognition; Mike Hile Comments

The Air Force Association’s Martin H. Harris Chapter has recognized Leidos for its efforts to support armed unmanned aerial vehicle systems through a remotely piloted aircraft operations center…
Read More

March 16 Market Close: GovCon Index Down, With Mixed Market Closings

Executive Mosaic’s GovCon Index closed down on the day as markets were mixed. After the Federal Reserve raised rates by one quarter point yesterday the markets responded with modest losses on the S&P500 and DJIA and a nominal gain on the NASDAQ…
Read More
Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkedin
Share On Pinterest