General Dynamics Electric Boat Awarded $967 Million Contract Modification for Virginia-Class Submarines

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  September 24, 2019 | International, Naval

  U.S. Department of the Navy Awards Perspecta $657 Million Extension to Continue Providing IT Services on its Next Generation Enterprise Services (NGEN) Contract

  Chantilly, Va. - September 23, 2019 - Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, today announced that it was awarded a $657 million extension of its NGEN contract with the U.S. Department of the Navy for continued delivery IT services. The extension provides the continued delivery of IT services for an additional four months beyond the current NGEN extension, from June 1, 2020 to September 30, 2020, with three one-month options available. Under NGEN, Perspecta operates the Navy Marine Corps Intranet (NMCI), the world's largest intranet, with approximately 400,000 seats representing 700,000 Navy and Marine Corps uniformed and civilian users, largely within the continental United States. As originally awarded, the NGEN contract would have expired on June 26, 2018, with the current extension slated to expire on May 31, 2020. “Through NGEN, the Navy has long established itself as a technology leader among government agencies,” said Mac Curtis, president and chief executive officer, Perspecta. “We are proud of the innovative partnership we've built with them and look forward to putting bold new ideas to work in preparation for the next phase of the program.” About Perspecta Inc. At Perspecta (NYSE: PRSP), we question, we seek and we solve. Perspecta brings a diverse set of capabilities to our U.S. government customers in defense, intelligence, civilian, health care and state and local markets. Our 270+ issued, licensed and pending patents are more than just pieces of paper, they tell the story of our innovation. With offerings in mission services, digital transformation and enterprise operations, our team of 14,000 engineers, analysts, investigators and architects work tirelessly to not only execute the mission, but build and support the backbone that enables it. Perspecta was formed to take on big challenges. We are an engine for growth and success and we enable our customers to build a better nation. For more information about Perspecta, visit perspecta.com. # # # This press release may contain- forward-looking statements. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Perspecta and are subject to significant risks and uncertainty. Readers are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Perspecta undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Perspecta believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve a variety of risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. Contact: Lorraine M. Corcoran Vice President, Corporate Communications 571.313.6054 office 301.529.9429 mobile lorraine.corcoran@perspecta.com M. Stuart Davis Vice President, Investor Relations 703.547.0300 office 571.424.6262 mobile stuart.davis@perspecta.com https://perspecta.com/press-releases/us-department-of-the-navy-awards-perspecta-%24657-million-extension-to-continue-providing-it-services-on-its-ngen-contract

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  April 30, 2024 | International, Aerospace

  Here’s when the US Army will pick next long-range spy plane

  The service is divesting its entire turboprop-based ISR fleet, developed for counterinsurgency, in favor of a high-speed jet with high-tech sensors.

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  March 20, 2020 | International, Aerospace

  UK Declared F-35 Operational Despite Issues, Auditors Say

  Tony Osborne The UK declared the F-35 operational even though the fleet was suffering from availability, infrastructure, logistics and security issues, auditors have revealed. The UK National Audit Office (NAO) found that the December 2018 initial operating capability (IOC) from land bases was granted with 67 exceptions, with almost one-third of those still yet to be resolved more than a year later. It is not clear on how many criteria IOC (Land) was judged. In its report studying how new capabilities are delivered into front-line operations, the NAO reported that in the run-up to the milestone there had been delays in the provision of synthetic training facilities. This impacted the availability of pilots and maintainers, while operational availability of the aircraft “hampered the ability to deliver training.” The report appears to confirm the reasons behind a 34-day flying break by the UK-based fleet in the late summer of 2018 reported by Aerospace DAILY. Plans to use simulators for training have been frustrated by “technical difficulties and delays in security vetting.” The NAO said the UK Ministry of Defense is able to use exemptions when bringing a new capability into service. Capabilities that do not meet specifications but are deemed good enough would be given an exemption. The NAO also says that IOC acceptance criteria for the F-35 was not finalized “until several years” after business case approval in the second half of 2017. Exemptions arose from “not being able to demonstrate deployability through a planned exercise,” because of aircraft availability, a reliance on contractors for mission support because of a lack of trained Royal Air Force personnel, and a lack of access to mission support training facilities in the U.S. Another challenge was an inability to program aircraft with UK mission data independently of the U.S. This has since been addressed with the opening of the Australian, Canadian and United Kingdom Reprogramming Laboratory (ACURL) at Eglin AFB, Florida, which was declared operational in February. The NAO notes that some 20 of the exemptions had still not been resolved as of last month. But the NAO says the Royal Air Force and Royal Navy have made progress in the areas of training personnel and logistics. The UK now has 15 F-35Bs based in the country flying with front-line unit 617 Sqdn. and with 207 Sqdn, a training unit. Since their arrival to the UK, the aircraft have been deployed to Cyprus and flown operational missions in the Middle East. They also recently took part in a Tier 1 Red Flag exercise with Five Eyes partners Australia and the U.S. A Lockheed Martin spokesman said that while it was for the customer to answer questions concerning IOC, “the F-35 program globally continues to mature, and Lockheed Martin has made significant steps in terms of reliability and aircraft availability, with the global fleet averaging greater than 65% mission-capable rates and operational units consistently performing near 75%.” Questions to the UK Ministry of Defense had not been answered at the time of publication. https://aviationweek.com/defense-space/budget-policy-operations/uk-declared-f-35-operational-despite-issues-auditors-say