Archive: Business/Financial

Army Receives Approval For 95 More Stryker NBC Reconnaissance Vehicles

By Ann Roosevelt The Army has received the green light for more General Dynamics’ [GD] Stryker Nuclear Biological Chemical Reconnaissance Vehicles (NBCRV), adding state-of-the-art capability for the service and the joint force. "This month, after careful consideration, the Department of Defense gave the authorization for 95 more Stryker NBCRV bringing the current authorized total to […]

Leading Service Associations To Merge

The Professional Services Council (PSC) and the Contract Services Association of America (CSA), the two leading trade groups that lobby in support of companies that provide a range of base support, consulting, information technology and technical services to the federal government, will merge at the start of 2008. The combined entity will serve about 330 […]

Boeing Gets New $64 Million SBInet Task Order

The Department of Homeland Security (DHS) said recently it is awarding Boeing [BA] a $64 million task order to design, develp and test an upgraded situational awareness software system that will be used by Border Patrol command centers and agent vehicles as part of the Secure Border Initiative (SBInet) virtual fence the company is developing […]

Accenture Completes Purchase of MAXIM

Accenture [ACN] recently said it has completed its acquisition of defense consulting firm MAXIM Systems, Inc., giving it new capabilities in designing, developing, installing and supporting C4ISR systems for military and intelligence agencies. "C4ISR is a key strategic growth area for Accenture," Eric Stange, managing director of Accenture’s United States Defense practice, said in a […]

Air Force Advances Ambitious Synthetic Fuel Initiative With Historic C-17 Flight

By Michael Sirak MCGUIRE AFB, N.J.–On Monday, the 104th anniversary of the Wright Brothers’ first powered flight, the Air Force said it achieved another milestone by flying an aircraft for the first time ever from coast to coast using a synthetic fuel blend that the service intends to certify for use on its entire fleet […]

Lockheed Martin Debuts Marine Corps’ F-35B STOVL

Lockheed Martin [LMT] yesterday rolled out the Marine Corps’ F-35B short takeoff/vertical landing variant of the Joint Strike Fighter, a little over a year since the first F-35 took its inaugural flight. The F-35B, designed to replace Marine Corps AV-8Bs and F/A-18s, is one of three variants of the Lightning II. Its first flight is […]

Lockheed Martin To Provide AN/TPS-77 Radar To Latvia

Lockheed Martin [LMT] yesterday said it received a contract valued at $44 million from the Latvian National Armed Forces for two long-range AN/TPS-77 transportable air surveillance radar systems and options for long-term technical support. The contract included priced options for up to four additional TPS-77 radars for Estonia and Lithuania. In 2003, Lockheed Martin delivered […]

Senators Press Administration To Ask For C-17 Funding In FY’09

By Jen DiMascio Nineteen Senators last week urged Defense Secretary Robert Gates and Office of Management and Budget Director Jim Nussle to provide enough funding for C-17 Globemasters in the administration’s fiscal year 2009 budget request. "For each of the last two years, the Pentagon has failed to fund C-17 aircraft in the annual budget […]

Pentagon Awards Four Firms $2.6 Billion For 3,126 MRAPs

The Pentagon yesterday awarded more than $2.6 billion to four companies for an additional 3,126 Mine Resistant Ambush Protected (MRAP) vehicles to be manufactured and completed by end of July 2008. International Military and Government LLC (IMG), was the big winner, capturing $1.183 billion firm-fixed-priced delivery order to purchase an additional 1,500 Category I (CAT […]

iRobot Wins $286 Million Army x-Bot Contract

By Ann Roosevelt The Army yesterday said that iRobot [IRBT] was awarded the $286 million indefinite-delivery/indefinite-quantity contract that could call for as many as 3,000 robots, spare parts, training and repair services over the next five years. "We’re pleased twice–we’re pleased to have what some here have described as a [author John] Grisham novel, included, […]