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May 12, 2014
09:02 EDTXLS, LMTExelis receives follow-up contract from Lockheed unit for $8.4M
Exelis (XLS) recently received a follow-on contract valued at $8.4M from Lockheed Martin's (LMT)Aeronautics company, Fort Worth, Texas, to supply Continuous Wave Illuminator subsystems for F-16 Fighting Falcon aircraft. The Exelis CWI subsystem is a transmitter that works with the F-16ís fire control radar and mission computer to provide guidance for semi-active missiles. Using radio frequency energy, the system illuminates airborne targets to increase accuracy and ensure the missile finds its intended target. Exelis in Clifton, New Jersey, will perform the manufacturing work under this contract, with deliveries to be completed in FY17. The initial contract award, for $9.4M, was received in September 2012.
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August 27, 2014
17:33 EDTLMTLockheed Martin awarded $122.22M government contract modification
Lockheed Martin is being awarded a $122.22M modification to a previously awarded F-35 Lightning II Low Rate Initial Production, or LRIP, Lot VI cost-plus incentive fee contract for the procurement of support equipment for the F-35 aircraft such as sensor covers, tool sets, vacuum clamp sets, and heat gun assemblies. Work is expected to be completed in November 2016. Fiscal 2012 aircraft procurement funds in the amount of $122.22M will be obligated at time of award, all of which will expire at the end of the current fiscal year.
August 25, 2014
18:03 EDTLMTLockheed Martin and Electro Optic Systems to develop space debris tracking site
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09:01 EDTLMTLockheed Martin buys Sun Catalytix assets, terms not disclosed
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August 22, 2014
07:16 EDTLMTLockheed, suppliers aim to cut F-35 expenses, Reuters says
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August 20, 2014
14:07 EDTLMTAstrotech Corporation to sell assets of Astrotech Space Operations business unit
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13:36 EDTXLSExelis awarded $517M U.S. Army contract
Exelis has been awarded a $517M contract for enterprise information management and information technology support services by the U.S. Army Corps of Engineer Research and Development Center, Vicksburg, Mississippi. The contract is a fixed-price incentive award and includes the base year, plus four one-year options that, if fully exercised, would extend the contract through August 2019. Exelis will provide information management and information technology support services to more than 37,000 USACE customers. Work will be performed in multiple locations that include USACE headquarters in Washington, D.C.; nine separate Engineer divisions, 44 Engineer districts -- and their associated field and area project offices -- and two data centers located in Mississippi and Oregon. The effort will also include rapid response and flexible support for emergency operations.
August 18, 2014
09:31 EDTLMTLockheed Martin receives contract from US Navy to test FROTIS exoskeletons
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