Some of the largest defense contractors on Wednesday reported relatively stable sales and profits, but warned they are keeping a close eye on a potential government spending stalemate.
Thursday, May 2, 2024
Thursday, May 2, 2024
Key Issues HADES deployment SAOC contract FORGE framework
Marjorie Censer was Inside Defense's editor until July 2021. She previously worked at the Washington Post and its local business publication Capital Business, covering defense industry reshaping, the increased scrutiny of contractors following the Edward Snowden case and the challenges of canceling military programs. From 2007 to 2010, she was managing editor of Inside the Army. She also previously worked as defense editor at POLITICO and as a staff writer at the Carroll County Times and the Princeton Packet. A Fairfax native, she graduated from Princeton University.
Some of the largest defense contractors on Wednesday reported relatively stable sales and profits, but warned they are keeping a close eye on a potential government spending stalemate.
Frank Kendall, the Pentagon's top acquisition official, said today the Defense Department will review Lockheed Martin's planned $9 billion purchase of Sikorsky.
Lockheed Martin's announcement last week that it plans to sell or spin off services work worth about $6 billion is likely to boost the reshaping already underway in the market, executives and analysts say.
Textron said today that sales in its most recent quarter hit $3.2 billion, down about 7 percent from the same period a year earlier.
The Pentagon in fiscal year 2014 obligated $6.1 billion on contracts in Afghanistan, the lowest amount since FY-07, according to a new Congressional Research Service report.
The Pentagon is preparing a new instruction for services acquisition that will put in place a review-level structure similar to the acquisition categories -- or ACATs -- used for buying military hardware.
United Technologies disclosed on Friday that the Justice Department has opened a criminal investigation into allegations Sikorsky and two of its subsidiaries overbilled the Navy on a contract to support T-34 and T-44 aircraft.
Agency: Air Force
Awardee: Science Applications International Corp.
Protester: Cubic Applications
Raytheon's board of directors has elected Bob Beauchamp, chief executive of BMC Software, to join as a director.
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Private-equity firm Veritas Capital today said its affiliate has agreed to acquire contractor Alion Science and Technology for an undisclosed amount.
Raytheon said today sales in its most recent quarter grew nearly 3 percent to hit $5.8 billion.
One day after announcing Lockheed Martin's agreement to buy Sikorsky, Lockheed leadership visited Sikorsky headquarters in Stratford, CT, touring the company's Blackhawk assembly line and CH-53K and S-97 systems-integration labs.
Boeing executives said Wednesday they remain sure of the KC-46 tanker program's long-term value -- despite a $536 million pre-tax charge the company announced last week.
Agency: Air Force
Awardee: Bluehawk Intelligence Services
Protester: Global Dimensions
Unisys has named Mark Forman, administrator of the Office of E-Government and IT during the George W. Bush administration, to head its global public sector business. Additionally, ret. Army Maj. Gen. Jennifer Napper, formerly director of policy, plans and partnerships at U.S. Cyber Command, has joined Unisys to head its defense and intelligence work.
With Lockheed Martin now ready to buy Sikorsky, United Technologies will become "more focused" on its core businesses, the UTC chief executive said Tuesday.
Agency: Army Materiel Command
Protester: Santa Rita
What GAO found: Santa Rita protested the terms of an Army Materiel Command solicitation for the sale of scrap metal, arguing the terms were ambiguous and the solicitation didn't clearly lay out the evaluation factors.
Marillyn Hewson became Lockheed Martin's chief executive under unusual circumstances.