-
L3harris Technologies Secures $393M Undersea Training Range Contract, Gets Price Target Bump
Wednesday, August 4, 2021 - 11:18am | 175L3Harris Technologies Inc (NYSE: LHX) has been awarded a $393 million contract by the U.S. Navy to install increments II and III of the Undersea Warfare Training Range (USWTR). The award follows nearly ten years of execution by L3Harris on Increment I and will replace and upgrade...
-
Fluor Bags Position On Seaport Next Generation Multiple-Award Contract
Monday, August 2, 2021 - 2:37pm | 151Fluor Corp (NYSE: FLR) has been selected by the U.S. Navy's Naval Sea Systems Command for a 7½-year position on the SeaPort Next Generation (SeaPort NxG) IDIQ multiple-award contract. As a company selected for SeaPort NxG, Fluor is now eligible to compete for task orders...
-
Raytheon Technologies Secures $171.6M Contract, Begins Next Generation Jammer Mid-Band Production
Thursday, July 8, 2021 - 3:48pm | 158Raytheon Technologies Corp (NYSE: RTX) business Raytheon Intelligence & Space has been awarded a $171.6M contract for Low-Rate Initial Production Lot I, or LRIP I, of the U.S. Navy's Next Generation Jammer Mid-Band. NGJ-MB is the Navy's advanced electronic attack system that...
-
Why CPS Technologies Shares Spiked 160% Today
Wednesday, February 3, 2021 - 11:16pm | 243CPS Technologies Corporation (NASDAQ: CPSH) shares soared almost 160% in the regular and after-hours session today. What Happened: The Massachusetts-based metal and ceramics specialist company said Wednesday it had received a purchase order for its HybridTech Armor Panels to be installed as...
-
Speeding Train Driver Tries But Fails To Wreck US Navy Hospital Ship Mercy In LA
Thursday, April 2, 2020 - 8:59am | 314The train engineer crashed the locomotive through barricades and fences and came to a halt 250 yards away from the U.S. Navy Hospital Ship Mercy on Tuesday. What Happened Eduardo Moreno, the 44-year old engineer at the controls of the speeding locomotive which crashed near the USNS Mercy, had...
-
Port Of Los Angeles Receives Mercy
Friday, March 27, 2020 - 2:46pm | 512The Navy hospital ship USNS Mercy arrived at the Port of Los Angeles Friday morning to support COVID-19 response efforts. The Mercy docked at the World Cruise Terminal, idled by the cruise industry's shutdown during the coronavirus crisis. A spokesman for the U.S. Navy 3rd Fleet said the Mercy...
-
Navy Sinks TV Advertising, Will Aim To Hit Target Audience On Esports Streams
Monday, December 30, 2019 - 11:14am | 393The U.S. Navy is torpedoing its TV advertising, skipping the Super Bowl, and targeting its intended audience where it is. Instead of TV, the Navy said it will spend nearly all its ad money on online ads, with a particular focus on advertising linked to esports. The independent U.S. Naval Institute...
-
The Marines And Navy To Test Emerging Technologies in April; Can Defense Suppliers Make Windfall?
Friday, March 31, 2017 - 12:34pm | 992The Marine Corps and the Navy swear by the most modern and emerging technologies, as they seek to bridge the gap in capability. Will this translate to gains for the defense contractors? The U.S. Marine Corps, or USMC, is part of the U.S. Armed Forces, vested with the responsibility of providing...
-
Trump Wants To Build Up The U.S. Navy To 1940s Levels
Tuesday, February 7, 2017 - 12:55pm | 581During his Monday meeting with military personnel at the U.S. Central Command, President Donald Trump said the U.S. Navy is operating at its lowest level since the 1940s — but that will change under his administration. The Department of the Navy’s 2017 budget presently accommodates a...
-
Lockheed Martin Blows Away Estimates, Ascends to 4 ½-Year High, Reduces Sales Outlook
Tuesday, April 23, 2013 - 12:39pm | 407Lockheed Martin (NYSE: LMT) is flying high Tuesday after blowing away EPS and revenue estimates. The Bethesda, Maryland-based firm's first-quarter EPS soared nearly 15 percent to $2.33, destroying expectations of $2.04. Revenue declined 1.8 percent to $11.1 billion, but flew in above estimates...
-
General Dynamics Awarded $23 Million to Support Submarine Repair Work
Friday, September 2, 2011 - 10:07am | 47General Dynamics Electric Boat has been awarded a $23 million work order by the U.S. Navy to support submarine repair work at Norfolk Naval Shipyard in Virginia. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).