Lockheed Martin has been awarded a $24.2 million contract from the United States Navy for the production of Enhanced Laser Guided Training Rounds (ELGTR). This award stands as the third order of the 2013 ELGTR contract which calls for Lockheed Martin to deliver ELGTRs, associated technical data, and refurbish U.S. government shipping containers. ELGTR is a cost-effective alternative to using operational laser guided bombs (LGB) during training. Read more >>

On the morning of May 29, 2015 the Harris Corporation completed its $4.75 billion acquisition of Exelis Inc. Bringing together two engineering-driven companies with combined pro forma revenue of $8 billion will create a force with significantly greater scale. Exelis Inc. is a Virginia-based manufacturer and industry leader in positioning and navigation control, sensors, air traffic management solutions, image processing and distribution, communications and information systems. Read more >>

In June 2015, Electric Boat received a USD$46.4 million contract from the United States Navy for planning efforts in support of maintenance and modernization work on the USS Montpelier. Under the contract, they will be responsible for performing various planning activities required to conduct an interim dry-docking period for the Los Angeles-class attack submarine. Read more >>

Erapsco, a joint venture between Sparton Corporation and Ultra Electronics Holdings (ULE), has received an $87 million contract from the United States Navy for manufacturing sonobuoys. Read more >>

GE Aviation has teamed up with Woodward in a joint venture to design and develop a new fuel system that will be used on GE’s commercial aircraft engines. This joint venture will source, supply, and service the fuel systems which include fuel inlets and fuel nozzles for the GE90, GEnx, GE9X, and other future GE commercial engines. Woodward will receive $240 million and work as the primary supplier for control systems solutions along with components. Read more >>