Posts from GovConWire for 03/16/2015

Northrop Grumman to Produce Additional Radar for US Navy

Northrop Grumman (NYSE: NOC) has received a $113,276,299 contract modification to produce additional ground/air task-oriented radar for the U.S. Navy. The Navy will exercise the low-rate initial production for two more G/ATOR systems under a previously awarded contract, bringing the total production of the radar to six systems, the Defense Department said Friday…

GAO: Cost of DoD Weapons Portfolio Drops to 10-Year Low

A General Accountability Office report has found the size and cost of major weapons acquisition programs at the U.S. Defense Department fell to their lowest level in roughly 10 years in fiscal 2014. DoD cut the number of its defense procurement programs from 80 in FY 2013 to 78 last fiscal year and saw its FY 2014 portfolio’s overall cost drop by approximately $7…

Boeing Gets $714M Army Contract Modification for CH-47 Helicopters

Boeing (NYSE: BA) will provide 26 remanufactured CH-47F and four new CH-47s helicopters to the U.S. Army under a $713,896,061 modification to a previously received contract. The Defense Department said Friday the deal includes the option for two more new CH-47s and obligated long-lead funding for production lot 14…

March 16 Morning Report: GovCon Index Down on Friday’s Close

The GovCon Index ended at 0.588 points on Friday to close at 67.895, reflecting losses felt on all key U.S. market indicators. The Dow Jones Industrial Average declined 145.91 points to 17,749…

Navy Awards $636M Ship Engineering, Technical Services IDIQ to 7 Companies

Seven companies have won positions on a potential $636 million contract to perform engineering and technical support work on vessels operated by the U.S. Navy and allied forces. Contractors will compete for work to help the military service update and install ship hulls as well as mechanical and electrical systems, the Defense Department said Friday…

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