New Military Contracts Limit Losses For Oshkosh
Oshkosh reported losses of over a billion dollars for Fiscal Year 2009 due to charges and debt reduction. Recent wins of military production...GigOptix applauds subcommittee approval
BOTHELL, Wash., Sept. 15 (UPI) -- GigOptix is applauding a subcommittee approval of the U.S. Fiscal Year 2010 Defense Appropriations bill that includes potential funding for its modulators.
Latest JSF Order Placed
June 3, 2009 by Matthew Potter · Comment
Filed under: Business Line, Companies, Congress, Contract Awards, Countries, Department of Defense, England, Events, FMS, Federal Budget Process, Lockheed Martin, Military Aviation, Norway, Restructuring, Services, U.S. Air Force, U.S. Marine Corps, development program, production program
Filed under: Business Line, Companies, Congress, Contract Awards, Countries, Department of Defense, England, Events, FMS, Federal Budget Process, Lockheed Martin, Military Aviation, Norway, Restructuring, Services, U.S. Air Force, U.S. Marine Corps, development program, production program
The United States government acting for itself and its Allies awarded a contract to Lockheed Martin for the next procurement of the F-35 Joint Strike Fighter (JSF). The $2.1 billion contract option restructured an existing advanced procurement contract into a Cost Plus Incentive Fee (CPIF). It was the third option to an existing Low Rate Initial Production (LRIP) contract.
As part of this option seventeen aircraft were ordered for delivery by the first quarter of Fiscal Year 2012. Seven of the JSF will be for the U.S. Air Force and seven for the U.S. Marine Corps. One was purchased for Norway and two for Britain as part of the several JSF international partners.
SAIC Revenue Reaches Milestone
March 27, 2009 by Matthew Potter · Comment
Filed under: Business Line, Companies, Earnings, Events, IT, S&T, SAIC, SETA, logistics
Filed under: Business Line, Companies, Earnings, Events, IT, S&T, SAIC, SETA, logistics
Fox Business reports that SAIC reached an annual revenue of over $10 billion when it reported its Fiscal Year 2009 results. SAIC is one of the top ten defense contractors and primarily provides engineering and consulting services to the Pentagon. Last year it generated an operating income of $776 million which is a growth of 15% over 2008. The company also provided strong guidance for 2010 due to a backlog of almost $17 billion in contracts.
KC-X Competition to Restart Soon
January 27, 2009 by Matthew Potter · Comment
Filed under: Boeing, Business Line, Congress, Contract Awards, Department of Defense, EADS, Events, Federal Budget Process, GAO, Military Aviation, Northrop Grumman Corp., Proposal, Protest, U.S. Air Force, commercial aviation, development program, logistics, production program
Filed under: Boeing, Business Line, Congress, Contract Awards, Department of Defense, EADS, Events, Federal Budget Process, GAO, Military Aviation, Northrop Grumman Corp., Proposal, Protest, U.S. Air Force, commercial aviation, development program, logistics, production program
Secretary of Defense Gates testified today to Congress as he continues his role with the new Obama administration. Reuters reports that Gates said the KC-X tanker competition would restart this spring with an expected award date in the first or second quarter of Fiscal Year 2010. If you remember the original contract was awarded to a team of Northrop Grumman and EADS but Boeing protested and the GAO upheld it. The original plan to conduct a recompete in late 2008 was postponed with a decision to wait for a new administration. One key change is that DoD will handle the proposal and source selection instead of the U.S. Air Force.
Army awards option for UH-60 aircraft
March 9, 2008 by Matthew Potter · Comment
Filed under: Contract Awards, Sikorsky, U.S. Army, production program
Filed under: Contract Awards, Sikorsky, U.S. Army, production program
The Hartford Courant announced that Sikorsky was awarded a contract option for 6 UH-60M and 2 HH-60. This is probably a FMS option, but no details were given. Usually the full years of aircraft are bought in the Fall after Congress passes the Defense Appropriation Bill. An incremental award during the Fiscal Year may be due to FMS or the receipt of supplemental funding. A key part of any defense procurement contract is that the more you buy in a year the cheaper they are, so it also might be to get the Army a price break.
Tel-Instrument Electronics Corp Announces First Quarter Results for Fiscal Year 2010 and Receipt of AIMS certification for its AN/USM-719 Mode 5 Test Set and the Receipt of a $6 Million Delivery Order from the U.S. Army
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
CARLSTADT, N.J.--(BUSINESS WIRE)--Tel Instrument Electronics Corp. (NYSE-AMEX: TIK) today announced its results of operations for the first quarter of fiscal year 2010 which ended on June 30, 2009. The Company recordedFiled under: Syndicated Industry News
LaBarge, Inc. Schedules Fiscal 2009 Fourth-Quarter Earnings Release and Conference Call
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
ST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (AMEX: LB) announced today that it plans to release its financial results for the fiscal 2009 fourth quarter and full fiscal year before the market opens on August 27, 2009.Filed under: Syndicated Industry News
Small Businesses Won Record $93.3 Billion in Federal Contracts
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
WASHINGTON--(BUSINESS WIRE)--Small businesses won a record $93.3 billion in federal prime contracts in Fiscal Year 2008 (Oct. 1, 2007-Sept. 30, 2008), an increase of almost $10 billion from 2007, according to the U.S.Filed under: Syndicated Industry News
Pall Corporation Reports Year-End Results
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--Pall Corporation (NYSE:PLL) today reported financial results for the fourth quarter and fiscal year ended July 31, 2009. Sales and net earnings for the year were $2.3 billion and $195.6 million, respectively. Diluted earnings per share (EPS) were $1.64, compared to $1.76 a year earlier. Pro forma EPS were $1.77 versus last year's $1.97. The estimated impact of foreign currency translation reduced diluted EPS by $0.16 and pro forma EPS by $0.17. Fourth quarFiled under: Syndicated Industry News
IDGA Recognizes New Defense Paradigm: Aviation Maintenance and Lifecycle Practices
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
NEW YORK--(BUSINESS WIRE)--Due to the current push for government funds to go toward aircraft sustainment, IDGA will be running Aviation Lifecycle Management on October 19-21, 2009 at the Sheraton Premiere at Tysons Corner in Vienna, VA. In an effort to allocate money appropriately and be held accountable for this spending, government funding on major vehicle platforms has seen major cuts in the past fiscal year. The recent funding cuts for the F-22 Raptor, which costs $150 million to produce, iFiled under: Syndicated Industry News
Newest $5.4 Million Contract More Than Doubles (Trumps) IAE’s First Year’s Sales Projections
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
ONTARIO, Calif.--(BUSINESS WIRE)--International Aerospace Enterprises, Inc. (OTCBB:IARO) today announced that the Company has received a contract of $5.4 million USD for military aircraft spare parts. The contract calls for the delivery of parts prior to the end of this fiscal year. John Peck, IAE's Chief Executive Officer stated, "The addition of this contract in conjunction with IAE's previous contracts total $10,250,000 USD in sales for the first 9 1/2 months of operations which more than douFiled under: Syndicated Industry News
DynCorp International Inc. Reports Second Quarter Fiscal Year 2010 Financial Results
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
FALLS CHURCH, Va.--(BUSINESS WIRE)--DynCorp International Inc. (NYSE: DCP), a provider of specialized mission-critical services to civilian and military government agencies, today reports strong financial results for its second quarter of fiscal year 2010 ended October 2, 2009. “We are very pleased with the company’s performance in the second quarter and reaffirm our guidance for FY 2010,” said William L. Ballhaus, DynCorp International’s Chief Executive Officer. “WFiled under: Syndicated Industry News
Sparton Corporation: First Quarter Financial Results Conference Call
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
SCHAUMBURG, Ill.--(BUSINESS WIRE)--Sparton Corporation (NYSE: SPA) today announced it will host a conference call with investors and analysts on Thursday, November 19, 2009, at 11:00 a.m. EST, to discuss its first quarter financial results for fiscal year 2010, provide a general business update, and respond to investor questions. The Company's first quarter results ending September 30, 2009, will be filed with the SEC no later than November 16, 2009. To participate, callers should dial (800) 757Filed under: Syndicated Industry News
Symmetricom Reports Second Quarter Fiscal Year 2010 Financial Results
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
Symmetricom reports second quarter fiscal year 2010 financial results with a year over year increase in revenues, earnings and free cash flow.Filed under: Syndicated Industry News
Versar, Inc. Announces Second Quarter Financial Results for Fiscal Year 2010
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
Versar, Inc. (NYSE Amex: VSR) today announced second quarter financial results for fiscal year 2010.Filed under: Syndicated Industry News
Purdue Officials Report Increases in Research Funding, Technology Commercialization
March 19, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News
WEST LAFAYETTE, Ind.--(BUSINESS WIRE)--Purdue officials report double-digit increases in research funding and the number of new companies created from Purdue technologies. Richard O. Buckius, Purdue's vice president for research, reported a record $342.2 million in sponsored research programs for fiscal year 2008-09. That represents an 18 percent increase in federal support and a 2.2 percent increase in industry research support from the previous year. Joseph B. Hornett, senior vice president, tFiled under: Syndicated Industry News
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