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| Boeing, Lockheed Martin, Raytheon secure $245.3M in military work in Orlando |
| 2019-01-01 |
| [Orlando Business Journal] Gun mount, aircraft and maintenance device work will happen in Central Florida, thanks to three global defense firms getting more that $200 million worth of contracts. Lockheed Martin Corp. (NYSE: LMT), Raytheon Corp. (NYSE: RTN) and The Boeing Co. (NYSE: BA) each landed a contract for a combined total of $245.3 million. As the new year inches closer, more government contracts are being awarded to prepare for work in 2019. Here's a breakdown for each work order that was reported by the U.S. Department of Defense on Dec. 28: Lockheed Martin's Missiles & Fire Control division in southwest Orlando got a $109 million contract from the U.S. Navy. The three-year contract involves building and delivering 41 electronic Consolidated Automated Support Systems (eCASS). The eCASS technology can troubleshoot an aircraft to figure out which areas need maintenance, saving the military a lot of money. The eCASS reportedly saves more than $1 billion annually by averting the repair of avionics at the next level of maintenance or sending parts back to the original equipment manufacturer. Sailors use eCASS to troubleshoot and repair aircraft electronics ashore and at sea, allowing them to return aircraft such as the F/A-18 and E-2D to operational status quickly. The contract also provides for eCASS-related equipment, kits and test sets in support of various aircraft intermediate maintenance departments, fleet readiness centers, aircraft carriers and L-class ships. Most of this work will be done in Orlando, but also in Maryland, California, Massachusetts, Texas, Washington, New York, Minnesota and more. This contract follows a $500 million, seven-year work order by the U.S. Navy in September for Lockheed Martin to build 200 eCASS. The system also supports the F-35 stealth fighter jet ‐ another reason production of the eCASS is cranking up. General Dynamics lands $29M contract for submarine work. The U.S. Navy's nuclear ballistic submarine USS Maine is one of the newer Ohio-class submarines used by the Navy to conduct surveillance and for extended war-deterrence patrols. the Navy plans to replace the fleet under an $80 billion program. In addition, Raytheon Corp. got an $81.3 million, two-year contract from the U.S. Navy for design agent engineering and technical support services for the Phalanx Close-In Weapon System (CIWS), SeaRAM and land-based Phalanx Weapon System. |
| Posted by:Besoeker |