Charges on two classified contracts drove net income down at Lockheed Martin [LMT] in the fourth quarter and all of 2024, the company reported on Tuesday. The contracts lopped $1.5 billion after-tax off the bottom-line, including one in the Missiles and Fire Control (MFC) segment worth $1.3 billion pre-tax and the other in the Aeronautics segment estimated at $410 million. The charge in the Aeronautics segment is in addition to $145 million previously taken on the program in 2024. Jay…
Aerojet Rocketdyne, Coleman Aerospace Inc., a wholly owned subsidiary of Aerojet Rocketdyne Inc., Orlando, Florida, is being awarded a $10,333,902 modification (P00258) to exercise an option to a previously awarded contract (HQ1047-14-C-0001) to increase calendar year 2026 program management office…
The Bell Boeing Joint Project Office, California, Maryland, has been awarded a maximum $262,069,451 fixed-price-incentive, performance-based contract for V-22 Phase II consumable market basket items. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in…
Northrop Grumman Systems Corp., Oklahoma City, Oklahoma, has been awarded an estimated $264,867,008 modification to award a hybrid firm-fixed-price and cost-plus-fixed-fee delivery order (SPRTA1-26-F-0020) against a five-year indefinite-delivery/indefinite-quantity contract (SPRTA1-19-D-0001) for B-2 rudders. This was a sole-source acquisition using justification…
General Dynamics Land Systems Inc., Sterling Heights, Michigan, was awarded an $11,146,013 modification (P00122) to contract W56HZV-22-C-0012 to exercise option hours for Abrams system technical support. Work will be performed in Sterling Heights, Michigan, with an estimated completion date of…
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