Lockheed running out of parking space amid F-35 delays, says watchdog

On the same subject

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  June 19, 2019 | International, Other Defence

  Engility, an SAIC Subsidiary, Selected for $106 Million Defense Intelligence Agency Contract

  RESTON, Va.--(BUSINESS WIRE)--The Defense Intelligence Agency's National Media Exploitation Center awarded Engility Corp, a subsidiary of Science Applications International Corp. (NYSE: SAIC), a single-award, indefinite-delivery, indefinite-quantity contract worth potentially $106 million. As part of the new contract, SAIC will continue to provide media management and analysis work, and will expand these services to include all of the DIA Science and Technology Directorate. “Partnering with the DIA is a privilege we take seriously,” said Michael LaRouche, executive vice president and general manager of SAIC's National Security Customer Group. “Expanding our services to the entire Science and Technology Directorate offers our team of intelligence and data analytics experts a great opportunity to bring value and technological innovation to even more missions.” The IDIQ carries a potential 10-year period of performance. The contract supports NMEC's training, document and media management, program support, and related intelligence operations. The team assists NMEC with document and media exploitation processes like data acquisition, ingest, processing, reporting, and timely dissemination to ensure the chain of command is immediately informed of any changes or developments based on media gathered by the U.S. military and intelligence community. The contract award comes on the heels of SAIC's $2.5 billion acquisition of Engility, completed in January 2019, as part of its strategy to expand its intelligence community portfolio. About SAIC SAIC® is a premier technology integrator solving our nation's most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions. We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom. Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management's Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC's website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC's expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others. https://www.businesswire.com/news/home/20190619005487/en

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  February 9, 2021 | International, Aerospace

  NAVAIR Orders Five VH-92 Presidential Helicopters from Sikorsky

  Posted on February 8, 2021 by Richard R. Burgess, Senior Editor ARLINGTON, Va. — Naval Air Systems Command has awarded Sikorsky a third production contract to build five VH-92A helicopters for the U.S. Marine Corps. The Naval Air Systems Command awarded Sikorsky Aircraft Corp. — a Lockheed Martin company — a $478.6 million firm-fixe-price contract modification to build five Low-Rate Initial Production Lot III VH-92As, according to a Feb. 5 Defense Department announcement. The award also includes orders for “interim contractor support, two cabin interior reconfiguration kits, support equipment, initial spares and system parts replenishment,” the release said. Work on the contract is expected to be completed by December 2023. The VH-92A was selected in 2014 to provide transport for the president of the United States, the vice president and other high-level government officials. The helicopter will replace the 19 VH-3D Sea King and VH-60N “White Hawk” helicopters operated by Marine Helicopter Squadron One. The Corps plans to acquire a total of 23 VH-92As, 21 for operations and two for testing. The May 2014 engineering and manufacturing development contract procured two test aircraft and four production aircraft. Six VH-92As were ordered in June 2019, followed by six more in February 2020. The presidential helicopter fleet is operated by Marine Helicopter Squadron One, based at Marine Corps Air Station Quantico, Virginia, with a detachment at Joint Base Anacostia-Bolling in Washington. “Government testing to validate system performance and prepare for Initial Operational Test and Evaluation is progressing on schedule and will support an Initial Operational Capability (IOC) planned for July 2021,” a Navy spokeswoman said. “The VH-92A will enter service post IOC at the determination of the White House Military Office.” https://seapowermagazine.org/navair-orders-five-vh-92-presidential-helicopters-from-sikorsky/

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  March 20, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

  US Army chief: How COVID-19 will impact modernization is a wait-and-see situation

  By: Jen Judson WASHINGTON — It's realistic for the U.S. Army to wait and see how the new coronavirus might affect its ambitious plans to modernize the force, Army Chief of Staff Gen. James McConville told Defense News in a March 18 interview. With major economic centers on both U.S. coasts restricting public gatherings, and with most of the country attempting social distancing to avoid the spread of the virus, industry as of this week appeared to still be sorting out how it would handle its own workforce and keep employees safe from infection. Much of what the Army is doing to address its top modernization priorities depends on industry collaboration and efforts. “We're watching what is happening,” McConville said. “We do have some high-priority tests that we think are continuing to go, and industry is doing the same thing that we're doing — they're putting measures in place with their people. They're weighing risks to the force and, really, risk to their missions as they do that.” Some high-priority tests will continue, he said, while “other ones will slow down.” While he did not list all high-priority tests that would likely go on, McConville noted that the Army is still moving forward with contract awards and making progress where it can. He pointed to the service's recent contract awards to Bell and Sikorsky to continue to develop and test aircraft for the Army's Future Long Range Assault Aircraft program. That contract was awarded on the expected timeline. The Army also tested its Extended Long-Range Cannon Artillery system at Yuma Proving Ground, Arizona, on March 6, but that was only as uncertainty was just beginning to build in the U.S. regarding the spread of COVID-19. The service has an abundance of important milestones planned across its modernization priorities this year, to include a robust flight test program for the Precision Strike Missile at White Sands Missile Range in New Mexico, and a likely imminent flight test of a jointly developed hypersonic glide body. The Army also plans to award contracts to build Future Attack Reconnaissance Aircraft prototypes this month. But it's unclear how other programs will move forward. The previously troubled Integrated Battle Command System for air and missile defense is finally slated to go into a limited-user test in May this year, which is critical to the program's success. The Army planned to conduct a series of industry days to restart its effort to competitively procure a Bradley Infantry Fighting Vehicle replacement, but according to sources, a virtual industry day to kick things off has been postponed and the Army plans to post informational slides to industry on Beta.Sam.Gov in the near term instead. “The acquisition cycle continues to move on,” McConville said, “and we'll have a better idea over the next 30 to 60 days, as more measures are implemented in certain states, what and how that really plays out.” https://www.defensenews.com/smr/army-modernization/2020/03/19/army-chief-how-covid-19-will-affect-army-modernization-is-a-wait-and-see-situation/