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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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September 3, 2015
05:56 EDTNOCBoeing, Northrop Grumman submit designs for Air Force bomber, Bloomberg reports
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September 2, 2015
10:59 EDTBAESYBAE Systems management to meet with Jefferies
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09:06 EDTBAESYBAE Systems delivers 12 CV90s to Norway on schedule
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09:05 EDTNOCNorthrop Grumman to provide navigation suite upgrades to Royal New Zealand Navy
Northrop Grumman has been selected by the New Zealand Ministry of Defence to provide navigation suite upgrades to the two Royal New Zealand Navy's ANZAC Class Frigates. The navigation suites will replace existing MK49 inertial navigation units with fourth-generation MK39s. These new inertial navigational units are next-generation and feature an embedded data distribution system. In addition to a significant reduction in weight and size, the newer MK39 has autoselect features that ensure the highest quality data is made available to the ship. The unit also enables a lower cost of ownership.
August 31, 2015
12:32 EDTNOCNorthrop Grumman wins $35.37M CIRCM contract with U.S. Army
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August 27, 2015
15:01 EDTNOCNorthrop Grumman awarded position on TSA III contract
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11:48 EDTBAESYBAE Systems management to meet with Jefferies
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August 26, 2015
17:03 EDTNOCNorthrop Grumman awards second Australian supplier contract
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16:26 EDTBAESYOn The Fly: Top stock stories for Wednesday
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11:08 EDTBAESYOshkosh upgraded after JLTV contract win, but BofA says 'sell the news'
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06:13 EDTBAESYBAE Systems loses multibillion dollar bid to build new Humvee, U.K. Times says
BAE Systems (BAESY) has lost out on a bid to build new Humvees for the U.S. Army, The U.K. Times. The Army selected Oshkosh (OSK) for the $6.7B contract over BAE, which was part of a consortium led by Lockheed Martin (LMT), and AM General, which built the original Humvees. Reference Link
August 20, 2015
13:35 EDTBAESYBAE Systems awarded $50M munitions contract for MK 90 propellant grains
The U.S. Army has awarded BAE Systems a $50M contract for the continued production of MK 90 propellant grains. The MK 90 propellant grain is the propulsion component of the Hydra 70 family of rockets used by the U.S. military and several allied nations to support overseas operations. BAE Systems began producing MK 90 propellant grains in October 2012, with the first delivery occurring in August 2013. To date, approximately 500,000 grain units have been delivered to the U.S. Department of Defense. Production for this current contract will begin in 2016 and continue through 2017.

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