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News Breaks
August 20, 2014
17:21 EDTBAESY, NOC, GDBAE Systems, General Dynamics, three others awarded $2.53B government contract
BAE Systems (BAESY), General Dynamics (GD), Northrop Grumman (NOC), Global Technical Systems, and Serco, Inc. are each being awarded an indefinite-delivery/indefinite-quantity, firm-fixed-price, cost-plus-fixed-fee contract for Consolidated Afloat Networks and Enterprise Services, or CANES, production units. The estimated, cumulative value of the multiple award contract is $2.53B. CANES serves as the bridge to the future of Navy afloat networks, consolidating existing legacy and standalone networks, providing the necessary infrastructure for applications, systems and services to operate in the tactical domain. CANES delivers its capabilities within a single complete system, bringing the necessary infrastructure that will enable timely and interoperable information exchange among tactical, support and non-tactical or administrative users, applications and information technology platforms. This contract has an eight-year ordering period up to the contract award amount. There are no options. Work is expected to be completed by August 2022. No funds will be obligated at the time of award.
News For BAESY;GD;NOC From The Last 14 Days
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December 19, 2014
17:16 EDTGDGeneral Dynamics awarded $498.2M government contract
General Dynamics National Steel and Shipbuilding Co., San Diego, California, is being awarded a $498,116,529 modification to a previously awarded fixed-price-incentive, firm-target contract for the procurement of the detail, design and construction of the fourth Mobile Landing Platform Afloat Forward Staging Base. Work is expected to be completed by March 2018. Fiscal 2014 shipbuilding and conversion contract funds in the amount of $498,116,529 will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.
10:02 EDTGDGeneral Dynamics awarded $36M for development of Submarine technology
General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, has been awarded a $36.5M contract modification from the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms. Initially awarded in November 2010, the contract has a potential value of $710.6M over a total of five years if all options are exercised and funded.
December 16, 2014
17:21 EDTNOCNorthrop Grumman awarded $657.4M government contract
Northrop Grumman Systems has been awarded a $657.4M hybrid contract including firm-fixed-price, cost-plus-incentive-fee and cost-plus-fixed-fee undefinitized contract action for aircraft for the Republic of Korea. Contractor will provide four RQ-4B Block 30 Global Hawk air vehicles, two spare engines, and the applicable Ground Control Environment elements. Each will contain an Enhanced Integrated Sensor Suite. Work will be performed at San Diego, California, and is expected to be complete by June 28, 2019. This contract involves foreign military sales. This award is the result of a sole-source acquisition.
08:31 EDTGDBabcock & Wilcox unit awarded contract to manufacture missile tubes
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December 15, 2014
17:01 EDTNOCNorthrop Grumman names Carl Hahn Chief Compliance Officer
Northrop Grumman has named Carl Hahn vice president, chief compliance officer, effective Jan. 15. Hahn is succeeding Judy Perry Martinez, who will be retiring, and will report to Sheila C. Cheston, corporate vice president and general counsel.
December 11, 2014
16:42 EDTBAESYBAE Systems proposes to acquire Eclipse Electronic Systems for $28M in cash
BAE Systems (BAESY) announced that it has entered into an agreement with Esterline (ESL) for the proposed acquisition of its wholly-owned subsidiary, Eclipse Electronic Systems, Inc., for cash consideration of approximately $28M, subject to closing adjustments. Eclipse Electronic Systems business employs approximately 90 people. The proposed acquisition is conditional upon receiving certain regulatory approvals. It is anticipated the proposed acquisition will be completed during the 1Q15.
15:35 EDTNOCNorthrop Grumman renews service contract with Carisbrooke Shipping
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10:01 EDTGDGeneral Dynamics NASSCO, Braemar LNG BV announce licensing agreement
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December 10, 2014
17:16 EDTBAESYBAE Systems awarded $115M government contract
BAE Systems is being awarded an $115M undefinitized contract action as a modification to a previously awarded contract for USS Bataan FY15 dry-docking planned maintenance availability. A dry-docking planned maintenance availability includes the planning and execution of depot-level maintenance, alterations, and modifications that will update and improve the ship's military and technical capabilities. Work will be performed in Norfolk, Virginia, and is expected to be completed by November 2015.
December 9, 2014
10:02 EDTGDGeneral Dynamics awarded $44M contract modification by U.S. Navy
The U.S. Navy has awarded General Dynamics Electric Boat a $44.5M contract modification to perform non-nuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics. With this modification, Electric Boat will continue operating the New England Maintenance Manpower Initiative at the submarine base. Under the terms of the contract, Electric Boat will provide a wide range of overhaul, repair and modernization services in support of nuclear submarines, floating dry-docks, support and service craft and other platforms and equipment at the submarine base. About 270 Electric Boat employees are engaged in the work.This contract was first awarded in December 2012 and has a potential value of $222.3M over five years.
10:01 EDTNOCNorthrop Grumman selected by Lockheed Martin to supply navigation system
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07:45 EDTBAESYRaytheon, BAE asked to increase shipbuilding role in Australia, Reuters reports
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December 8, 2014
16:36 EDTNOCNorthrop Grumman CFO Palmer to retire, Kenneth Bedingfield elected CFO
Northrop Grumman announced that its board has elected Kenneth L. Bedingfield, corporate vice president and CFO, effective after the company files its 2014 annual report. Bedingfield will succeed James F. Palmer, who has announced his intention to retire in 2015. The company expects to file its annual report in February 2015, at which time Palmer will continue as a corporate vice president with the company until he retires in the summer of 2015. This will facilitate an orderly transition. Bedingfield joined Northrop Grumman in 2011.

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