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April 8, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

U.S. Small Businesses May Get More COVID-19 Emergency Funding

Sean Broderick

WASHINGTON—The Trump Administration has asked Congress for an additional $250 billion in small-business payroll loan funding, providing more cash to the coronavirus pandemic emergency funding program that many small aerospace suppliers are expected to tap.

U.S. Treasury Secretary Steve Mnuchin tweeted the news April 7, confirming that, “at the direction of President Trump,” he has asked Democrat and Republican leaders in both the House of Representatives and Senate for more Paycheck Protection Program (PPP) funding “to make sure small businesses get the money they need!”

The PPP, part of the March 27 Coronavirus Aid, Relief, and Economic Security (CARES) Act, was set up to quickly get funds to eligible businesses to cover eight weeks of payroll costs as well as most rent, utility and mortgage-interest expenses. Companies can apply for a one-time PPP loan of up to 2.5 times their average monthly 2019 payroll, up to a maximum $10 million. So long as 75% of the funds are used for payroll costs, the loans do not have to be repaid, making them de facto grants.

The CARES Act allocates $349 billion to the program, but early popularly suggests that more funding may be needed to meet demand. The Small Business Administration (SBA) processed more than $70 billion in loans in PPP's first three days after the program opened April 3, though it did not say how much of that has been funded. Some 250,000 small businesses, out of an estimated 30 million, have applied for PPP funds.

Mnuchin said he has spoken with Congressional leaders and is confident that he has bipartisan buy-in.

“We look forward to the Senate passing that on [April 9], and the House passing that on [April 10]” Mnuchin told reporters during an April 7 media briefing.

Additional funding could be approved quickly. Senate Majority Leader Mitch McConnell (R-Kentucky) said in a statement that he would work with Mnuchin and fellow Senate leaders to approve further funding within days. House Democrats are already working on a larger bill, which leader Nancy Pelosi calls CARES 2, that includes more PPP funding.

PPP loan applications, submitted through the SBA Small Business Administration (SBA) and funded by participating lenders, began rushing in as soon as the program opened April 3. SBA Mnuchin said April 7 that more than 3,000 lenders are onboard, with additional institutions expected to participate. The program experienced some early hiccups, due in part to its scale and how quickly it has come together. CARES became law on March 27, and interim rules on how PPP would work were issued late April 2, just hours before applications were set to start.

The PPP's broad applicability, lack of requirements for guarantees or other collateral, and de facto grant properties—the loans become forgivable if guidance is followed—have made it a catch-all for many small businesses. The general SBA limit for a small business is 500 employees, but it is based on staff or revenue limits set in the North American Industry Classification System. Many aviation businesses, aircraft and engine parts makers and maintenance providers, have limits above 500 employees. The PPP's potential reach and theoretically streamlined application and fulfillment times mean industry trade associations that represent smaller businesses are urging their members to examine PPP loans.

https://aviationweek.com/air-transport/aircraft-propulsion/us-small-businesses-may-get-more-covid-19-emergency-funding

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  • Contract Awards by US Department of Defense - February 03, 2020

    February 4, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

    Contract Awards by US Department of Defense - February 03, 2020

    AIR FORCE The following eight firm-fixed price, indefinite-delivery/indefinite-quantity, multiple award task order contracts (MATOC) -- each with a not to exceed price of $90,000,000 -- have been awarded to the following: Doyon Management Services, Federal Way, Washington (FA4626-20-D-0010); Geranios Enterprises Inc., Great Falls, Montana (FA4626-20-D-0011); Guy Tabacco Construction Co., Black Eagle, Montana (FA4626-20-D-0012); James Talcott Construction, Great Falls, Montana (FA4626-20-D-0013); JE Hurley Inc., Colorado Springs, Colorado (FA4626-20-D-0014); NorthCon Inc., Hayden, Idaho (FA4626-20-D-0015); Sealaska Construction Solutions LLC., Seattle, Washington (FA4626-20-D-0016); and Wadsworth Builders Co. Inc., Great Falls, Montana (FA4626-20-D-0017). This MATOC contract is a design-build, bid-build construction acquisition based on a general statement of work further defined with each individual task order. Work to be performed under the MATOC will be the general construction category, to include maintenance, repair, alteration, mechanical, electrical, heating/air conditioning, demolition, painting and earthwork. Work will be performed at Malmstrom Air Force Base, Montana, and is to be completed as specified in each individual task order by Feb. 2, 2027. This award is the result of a competitive solicitation to total small businesses, 8(a) small business, and HUBZone small businesses; 16 offers were received. Fiscal 2020 operations and maintenance funds in the amount of $4,000 ($500 each) are being obligated at the time of award. The 341st Contracting Squadron, Malmstrom Air Force Base, Montana, is the contracting activity. Rolls-Royce Corp., Indianapolis, Indiana, has been awarded a $57,360,519 delivery order modification (FA8504-20-F-0007-P00002) to previously awarded contract FA8504-17-D-0002 for C-130J propulsion long term sustainment. This order provides funding for Option Three and Power By The Hour flying hours. The work is expected to be completed Feb. 1, 2021. Fiscal 2020 operations and maintenance funds in the amount of $57,360,519 are being obligated at the time of award. The total cumulative face value of the contract is $57,360,519. The Air Force Life Cycle Management Center, Robins Air Force Base, Georgia, is the contracting activity. Merrill Corp., Clearfield, Utah, has been awarded a firm-fixed price requirement type contract in the amount of $21,477,000 for the overhaul of duct assembly. Work will be performed in Clearfield, Utah, and is expected to be complete by Feb. 2, 2025. This award is the result of a sole-source acquisition. Fiscal 2020-2025 procurement funds will be used. The base award is estimated at $4,020,084; Option One is $4,000,467; Option Two is $4,346,985; Option Three is $4,641,164; and Option Four is $4,468,298. Tinker Air Force Base, Oklahoma, is the contracting activity (FA8119-20-D-0001). The Boeing Co., St. Louis, Missouri, has been awarded a firm-fixed-price requirement type contract in the amount of $7,907,471 for the repair of KC-135 cowling and fan ducts. Work will be performed in St. Louis, Missouri, and is expected to be complete by Feb. 2, 2025. This award is the result of a sole-source acquisition. Fiscal 2020-2025 procurement funds will be used. The base award (three year amount) is estimated at $4,941,509. Option One is $1,444,206; Option Two is $1,521,756. Tinker Air Force Base, Oklahoma, is the contracting activity (FA8119-20-D-0002). NAVY Manson Construction Co., Seattle, Washington, is awarded an $89,370,000 firm-fixed-price contract that provides for design-bid-build services for the construction of Seawolf Class Service Pier Extension, Naval Base Kitsap Bangor. The total cumulative face value of the contract including the award of four options will be $89,370,000. This contract award does not involve foreign military sales. The work to be performed provides for the construction of a 520 foot by 68-foot single level, reinforced concrete, general-purpose submarine berthing pier extension to the existing pier, with pier-side utilities, communication systems and two-580-square-foot concrete floating camels. The pier extension includes engineered pile and caps to support the pier deck, a fixed crane, equipment pads, mobile cranes and utility buildings. The project also configures and adds to the existing wave screen attenuation system and modifies the existing small craft berthing at the service pier. Additionally, the project constructs a low-rise compressor building on the pier for new tool air compressors and breathing air compressors and alters an existing building to accommodate new and existing lift stations, sewage equipment, storm drainage, industrial wastewater services and provides a new emergency generator. Work will be performed in Silverdale, Washington, and is expected to be completed by July 2022. The solicitation was competitively procured via Federal Business Opportunities with five offers received. Fiscal 2020 military construction funds for $89,370,000 are obligated on this award. The Naval Facilities Engineering Command, Northwest, Silverdale, Washington, is the contracting activity (N44255-20-C-2002). Rockwell Collins Simulation and Training Solutions, Cedar Rapids, Iowa, was awarded a $20,337,451 modification (P00016) to a previously awarded firm-fixed-price contract (N61340-17-C-0014). This modification procures updates to the Delta Software System Configuration #3 software baseline to include the visual system and cyber security on tactics and flight trainer devices. Additionally, this modification provides technology refresh and aircraft concurrency updates on tactics devices, aircraft concurrency and aerial refueling updates on the flight devices, tactics and flight device training and associated technical data in support of the E-2D Hawkeye Integrated Training System. Work will be performed in Point Mugu, California, and is expected to be completed in June 2022. Fiscal 2018 aircraft procurement (Navy) funds in the amount of $2,016,274; fiscal 2019 aircraft procurement (Navy) funds in the amount of $13,061,234; and fiscal 2020 aircraft procurement (Navy) funds in the amount of $5,259,943 will be obligated at time of award, $2,016,274 of which will expire at the end of the current fiscal year. The Naval Air Warfare Training Systems Division, Orlando, Florida, is the contracting activity. (Awarded Jan. 31, 2020) Raytheon Co., Integrated Defense Systems, Marlborough, Massachusetts, is awarded a $9,107,841 cost-plus-fixed-fee undefinitized contract action under a previously awarded basic ordering agreement N00024-19-G-5107 to repair and test the USS Sampson (DDG 102) SPY-1D(V) transmitter suite. This order covers repair, refurbishment, reassembly and testing of the AEGIS Weapon System (AWS) AN/SPY-1D(V) Transmitter Group in support of USS Sampson (DDG 102) as well as associated testing support. Work will be performed in Andover, Massachusetts (65%); Keyport, Washington (16%); Moorestown, New Jersey (10%); and Marlborough, Massachusetts (9%), and is expected to be completed by September 2021. Fiscal 2020 operations and maintenance (Navy) funding for $4,108,940 will be obligated at the time of award and expire at the end of the current fiscal year. This order was not competitively procured in accordance with 10 U.S. Code 2304(c)(1) (only one responsible source and no other supplies or services will satisfy agency requirements). The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity (N00024-20-F-5105). Zenetex LLC, Herndon, Virginia, was awarded a $7,521,702 cost-plus-fixed-fee contract to provide contractor support services (CSS) to temporarily augment government personnel to assist in the acquisition, management and sustainment of Navy training systems. CSS support includes corporate operations, research and technology, program management, logistics, engineering, instructional systems and test and evaluation support services for various training systems managed by the Naval Air Warfare Center Training Systems Division. Work will be performed in Orlando, Florida, and is expected to be completed in May 2020. Fiscal 2019 aircraft procurement (Navy) funds in the amount of $432,783; fiscal 2019 other procurement (Navy) funds in the amount of $138,112; fiscal 2019 research, development, test and evaluation (Navy) funds in the amount of $278,344; fiscal 2020 aircraft procurement (Navy) funds in the amount of $1,002,318; fiscal 2020 other procurement (Navy) funds in the amount of $357,920; fiscal 2020 operations and maintenance (Navy) funds in the amount of $507,119; fiscal 2020 research, development, test and evaluation (Navy) funds in the amount of $101,022; working capital (Navy) funds in the amount of $1,204,302; and Foreign Military Sales funds in the amount of $520,643 will be obligated at time of award, $785,463 of which will expire at the end of the current fiscal year. This contract was not competitively procured pursuant to Federal Acquisition Regulation 6.302-1. The Naval Air Warfare Center Training Systems Division, Orlando, Florida, is the contracting activity (N61340-20-C-0009). (Awarded Jan. 31, 2020) ARMY H2 Direct LLC,* Gulf Breeze, Florida, was awarded a $39,000,000 firm-fixed-price contract for personnel, equipment, supplies, facilities, transportation, tools, materials, supervision and other items and non-personal services necessary to provide information technology management support services. Bids were solicited via the internet with eight received. Work locations and funding will be determined with each order, with an estimated completion date of Feb. 28, 2025. The 418th Contracting Support Brigade, Fort Hood, Texas, is the contracting activity (W91151-20-D-0009). Cray Inc., Seattle, Washington, was awarded a $26,480,000 firm-fixed-price contract for Department of Defense high performance computing modernization. Bids were solicited via the internet with three received. Work will be performed in Stennis Space Center, Mississippi, with an estimated completion date of Aug. 1, 2025. Fiscal 2020 other procurement, Army funds in the amount of $26,480,000 were obligated at the time of the award. U.S. Army Corps of Engineers, Huntsville, Alabama, is the contracting activity (W912DY-20-F-0126). Sustainable System Solutions LLC,* Herndon, Virginia, was awarded a $9,563,615 cost-plus-fixed-fee contract to provide the design, development, integration, testing and fielding of test capabilities systems and/or related test infrastructure among ranges within the Department of Defense test and evaluation community. Bids were solicited via the internet with four received. Work locations and funding will be determined with each order, with an estimated completion date of Feb. 2, 2030. U.S. Army Contracting Command, Orlando, Florida, is the contracting activity (W900KK-20-D-0003). Escal Institute Advanced Tech, North Bethesda, Maryland, was awarded an $8,805,373 firm-fixed-price contract to provide training and certifications to verify and validate student proficiency in cybersecurity roles. Bids were solicited via the internet with four received. Work locations and funding will be determined with each order, with an estimated completion date of Feb. 2, 2021. Fort Gordon, Georgia, is the contracting activity (W911S0-20-F-0111). U.S. SPECIAL OPERATIONS COMMAND The Boeing Co., Ridley Park, Pennsylvania, was awarded an $18,186,000 firm-fixed-price type delivery order (H92241-20-F-0020) under basic ordering agreement W91215-16-G-0001 to procure the long lead components and parts in support of MH-47G rotary wing aircraft. This action is required to satisfy an urgent need to sustain U.S. Special Operations Forces (SOF) heavy assault, rotary wing aircraft and to mitigate the impact of the MH-47G aircraft availability in light of increased SOF operational demands. Contract funds will not expire at the end of the current fiscal year. Fiscal 2020 aircraft procurement, Army funds in the amount of $18,186,000 were obligated at the time of award. The majority of the work will be performed in Ridley Park. U.S. Special Operations Command, Tampa, Florida, is the contracting activity. *Small business https://www.defense.gov/Newsroom/Contracts/Contract/Article/2073298/source/GovDelivery/

  • True Velocity sues Sig Sauer, alleging stolen trade secrets

    April 18, 2024 | International, Land

    True Velocity sues Sig Sauer, alleging stolen trade secrets

    True Velocity is suing Sig Sauer, alleging it stole trade secrets used in the weapon design the Army chose for its Next-Generation Squad weapon.

  • United Arab Emirates Orders Additional Lockheed Martin Sniper Advanced Targeting Pods

    February 28, 2020 | International, Aerospace

    United Arab Emirates Orders Additional Lockheed Martin Sniper Advanced Targeting Pods

    Orlando, Fla., February 27, 2020 – Lockheed Martin (NYSE: LMT) received a direct commercial sale contract from the United Arab Emirates Air Force and Air Defence (AFAD) for expedited delivery of Sniper Advanced Targeting Pods (ATP), spares and upgrades. This contract marks the first integration of Sniper ATP on the Mirage aircraft. Deliveries of Sniper ATPs and spares will support the UAE AFAD's requirement to provide precision targeting capability for their existing Mirage 2000 fleet. UAE AFAD currently employs Sniper ATP on its F-16 Block 60 aircraft. “The additional Sniper ATPs and upgrades will enhance the UAE AFAD's precision targeting capability,” said Kenen Nelson, Fixed Wing Programs director at Lockheed Martin Missiles and Fire Control. Chosen by over 27 international customers and the U.S. Air Force, Sniper ATP is a global leader in precision targeting and intelligence, surveillance and reconnaissance. More than 1,450 pods have been delivered worldwide. Sniper ATP detects, identifies, automatically tracks and laser designates small tactical targets at long ranges. It also supports employment of all laser- and GPS-guided weapons against multiple fixed and moving targets. Sniper ATP is interoperable across multiple platforms, including U.S. Air Force and multinational F-2, F-15, F-16, F-18, A-10, B-1, B-52, Harrier and Typhoon aircraft. For additional information, visit our website: www.lockheedmartin.com/sniper. About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Media Contact: Laura Dossett, +1 407-356-7800 laura.a.dossett@lmco.com View source version on Lockheed Martin: https://news.lockheedmartin.com/2020-02-25-United-Arab-Emirates-Orders-Additional-Lockheed-Martin-Sniper-Advanced-Targeting-Pods

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