On August 20th, the U.S. Navy selected five companies to develop and install a new shipboard tactical electronic network on its fleet over the next eight years. The indefinite-delivery / indefinite-quantity contract was valued at $2.53 billion to install the shipboard network known as Consolidated Afloat Networks and Enterprise Services (“CANES”) aboard 180 units by 2022.
The U.S. Army recently selected Textron’s Bell division in partnership with Lockheed Martin and the team of Boeing and Sikorsky in a Joint Multi-Role program to each build a helicopter that could effectively replace hundreds of Black Hawk and Apache models.
Boeing and United Technologies have continued to amass reserves of titanium parts from a Russian producer to hedge against uncertainty surrounding international economic tensions as a result of conflict between Russian-backed separatists and the Ukrainian government.
On June 27, Deltek released a report titled “Preparing for a Record Breaking Q4 Spending Spree,” detailing a Q4 Federal spending forecast projected to outpace prior fiscal years. The increase, as explained by the report, is largely driven by the funding delays in the earlier portion of the current fiscal year.
Boeing recently released its second quarter earnings report, highlighted by a 1% rise in revenue and a 52% rise in net earnings compared to the same period last year. The Company announced earnings per share of $2.42, beating analysts’ estimates of $1.99 by a considerable margin.
This week, Bombardier Inc. unveiled plans to revamp its organizational structure as President and Chief Operating Officer of Bombardier Aerospace since 2008, Guy Hachey, stepped down. Previously organized as two separate divisions, Aerospace and Transportation, Bombardier is attempting to re-define its business with a new structure, which will include four unique business segments: Transportation, Business Aircraft, Commercial Aircraft, and Aerostructures and Engineering Services.
The biannual Farnborough Air Show was underway this week, drawing major players from the aerospace industry to the historic airfield in Hampshire, England. For manufacturers, the show offers a chance to highlight new product innovations and capabilities, while for airlines, the show is an opportunity to see new designs and place purchase orders.
On July 9th, the General Services Administration (“GSA”) announced it is seeking an additional cloud category for its IT Schedule 70 contract vehicle, with the intent to streamline the acquisition of cloud solutions and shared services across Federal agencies.