Latest news with #NavalSeaSystemsCommand
Business Insider
a day ago
- Business
- Business Insider
RTX awarded $646.52M Navy contract modification
RTX (RTX) was awarded a $646.52M fixed-price incentive modification to a previously awarded contract to exercise options for hardware production of the AN/SPY-6 family of radars. Work is expected to be completed by September 2028. Naval Sea Systems Command is the contracting activity. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
28-05-2025
- General
- Yahoo
Navy relieves admiral in charge of unmanned systems office
The Navy relieved the executive officer for unmanned and small combatants programs on Tuesday, the service said. Dr. Brett Seidel, acting assistant secretary of the Navy for research, development & acquisition, dismissed Rear Adm. Kevin Smith as program executive officer for the Program Executive Office for Unmanned and Small Combatants 'due to a loss of confidence based on a complaint substantiated by an Office of the Naval Inspector General investigation,' according to a release. 'The Navy maintains the highest standards for leaders and holds them accountable when those standards are not met,' the release said. Navy relieves CO of Navy Information Operations Command Colorado The release did not provide additional details on Smith's dismissal or the nature of the complaint. The term 'loss of confidence' is a common refrain attached to the departure of a senior military leader. On June 1, 2023, Smith was appointed the program executive officer for the Program Executive Office for Unmanned and Small Combatants, an acquisition authority within Naval Sea Systems Command that helps design, develop and create 'unmanned maritime systems, mine warfare systems, special warfare systems, expeditionary warfare systems and small surface combatants,' according to the service. His awards include three Legion of Merit awards, six Meritorious Service Medals, two Navy Commendation Medals and the Navy and Marine Corps Achievement Medal. Smith has been temporarily reassigned to the staff of Naval Sea Systems Command, according to the release. Melissa Kirkendall, executive director for the Program Executive Office for Unmanned and Small Combatants, has temporarily assumed Smith's duties.
Business Insider
21-05-2025
- Business
- Business Insider
General Dynamics awarded $198.96M Navy contract action
General Dynamics (GD) was awarded a $198.96M firm-fixed-price contract action for maintenance, modernization, and repair of USS America Fiscal 2026 Docking Selected Restricted Availability. This contract includes options which, if exercised, would bring the cumulative value of this contract to $209.23M. Work is expected to be completed by July 2027. FY25 other procurement funds in the amount of $181.2M; and FY25 operations and maintenance funds in the amount of $17.76M, will be obligated at the time of award, of which $17.76M will expire at the end of the current fiscal year. This contract was competitively procured using full and open competition via the System for Award Management website, with two offers received. Naval Sea Systems Command is the contracting activity. Confident Investing Starts Here:
Yahoo
26-03-2025
- Business
- Yahoo
General Dynamics awarded $1.07B Navy contract modification
General Dynamics (GD) was awarded a not-to-exceed $1.07B undefinitized contract action modification to a previously awarded contract for long lead time material associated with the Virginia-class Block VI submarines. Work is expected to be completed by September 2035. FY25 shipbuilding and conversion funds in the amount of $1.07B will be obligated at time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command is the contracting activity. Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on GD: Disclaimer & DisclosureReport an Issue Secretary of Defense terminates $580M in DoD contracts, grants Stock Shake-Up: ON Semiconductor, General Dynamics, Digital Turbine, Biogen, Cleveland-Cliffs GDIT announces strategic collaboration agreement with AWS Lemonade, Sunrun, Main Street, General Dynamics: Insider Trading Frenzy! General Dynamics price target raised to $261 from $244 at Wells Fargo Sign in to access your portfolio
