Local Briefing
|
TOOLBOX
   Resize
COMMENT
 Discussion Policy
 CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
Who's Blogging  |
CONTRACTING
GAO Denies Lockheed's Protest of Navy Deal
Government auditors denied Lockheed Martin's protest of a $1.16 billion Navy contract to develop unmanned aircraft that can patrol coastlines and open ocean because its proposal was deemed riskier than the other bids, according to released details.
Northrop Grumman, of Los Angeles, beat out Lockheed Martin and Chicago-based Boeing in April to develop a plane for the Navy's Broad Area Maritime Surveillance -- or BAMS -- program. The contract could be worth billions based on the Navy's plans to buy 68 planes.
General Dynamics to Supply Cannons to Army
Military contractor General Dynamics said the U.S. Army ordered 62 cannons for use on its eight-wheel Stryker combat vehicles in a deal potentially worth $326.5 million.
The contract for the Mobile Gun System, which features a vehicle-mounted "shoot-on-the-move" cannon, carries an initial payment of $145 million.
CACI Wins $26 Million Army Deal
CACI International, which provides information technology to the U.S. military, said it received an Army contract worth an estimated $26 million to support the modernization of software that documents and authorizes personnel and equipment.
The contract mostly entails new work and could last five years.
ManTech Wins $820 Million Army Contract
ManTech International, the Fairfax maker of terrorist-tracking databases, said it won a two-year U.S. Army contract worth up to $820 million to help clear roadside bombs in Iraq and Afghanistan.
MERGERS & ACQUISITIONS
Allied Defense to Sell Digital Unit
Cobham, the world's biggest maker of airborne-refueling gear, agreed to buy GMS, a designer and manufacturer of digital equipment, from Allied Defense Group of Vienna for $26 million in cash.
REGULATORS
Fund Manager Cleared in Insider-Trading Case
A hedge-fund manager didn't engage in insider trading when his order to short a stock was executed before the announcement of the company's private placement, which he knew about, a federal judge ruled.
