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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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June 30, 2015
17:32 EDTBAESYBAE Systems awarded $110.41M government contract modification
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June 29, 2015
07:22 EDTGDBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
June 26, 2015
07:26 EDTNOC, BAESY, GDSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
10:00 EDTGDGeneral Dynamics receives $219M order for US Army's WIN-T increment 2 systems
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09:09 EDTBAESYBAE Systems orders aerostat systems for U.S. Army contract
BAE Systems (BAESY) has awarded Drone Aviation Holding's wholly owned subsidiary, Drone Aviation Corp., an order for parts and services related to enhancing and supporting two WASP aerostat systems owned and operated by the U.S. Army Space and Missile Defense Command Battle Lab for upcoming Department of Defense exercises. The upgrades and services are designed to integrate specialized wireless electronics, advanced optics and a communications package provided by L-3 Communication (LLL). Under the terms of an agreement between DAC and L-3 CS-West, a working group has commenced on a technical integration plan that includes integrating new technologies into the WASP and jointly marketing the integrated solution. The enhanced WASP systems and components are expected to be delivered to the U.S. Army in July.
June 22, 2015
10:01 EDTNOCNorthrop Grumman awarded delivery $31.7M order from DMEA
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June 17, 2015
17:24 EDTGDGeneral Dynamics awarded $200M government contract
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15:31 EDTGDGeneral Dynamics awarded $43M contract
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