Aerospace & Defense News - Defense.

 
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Sep 24, 2007

Defense contracts worth $6 billion focus of Pentagon probe. Federal investigators are looking into allegations of criminal activity related to contracts for services and gear used by troops in Iraq and Afghanistan. The suspect contracts are worth a combined $6 billion. About half the investigations are looking into suspected procurement fraud, which includes undelivered or defective products, overcharges and false claims, an official said. Others involve bribery and conflicts of interest. Sep 21, 2007

Upcoming Homeland Security contracts worth $140B. Defense companies looking to hedge against slowdowns in war spending are looking to the Department of Homeland Security. The agency will likely spend more than $140 billion over the next five years, and foreign orders could generate an additional $100 billion, experts say. Sep 18, 2007

Boeing

A $49.2 million Air Force Electronic Systems Center contract has been awarded to Boeing. The defense contractor will upgrade communications systems on Saudi Arabia's fleet of five Boeing E-3 Airborne Warning and Control System aircraft. The work is expected to be complete by December 2009. Sep 21, 2007

Boeing

Boeing's Integrated Defense Systems has landed a Navy contract worth more than $145 million, the Defense Department announced. The contract is for continued system configuration support for the F/A-18 and EA-18G weapons systems for the Navy and Marine Corps. Work is due to be complete in January 2009. Sep 21, 2007

Carlyle Group, Sequa Corporation

Sequa Corporation announced that the Company's stockholders approved the adoption of the definitive merger agreement among the Company, Blue Jay Acquisition Corporation and Blue Jay Merger Corporation , affiliates of The Carlyle Group , at the Company's Special Meeting of Stockholders Sep 17, 2007

ITT

EDO says the Defense Department has exercised a contract option to order 2,250 of its vehicle-mounted electronic jamming devices, which are used to block the signals used to set off roadside bombs. The order is worth $172 million. ITT announced its pending acquisition of EDO on Sept. 17. Sep 19, 2007

Lockheed Martin

Lockheed Martin awarded $144.8M Marine Corps contract. Lockheed Martin has won a $144.8 million contract to develop the Embedded Platform Logistics System for the U.S. Marine Corps. Using data provided by individual vehicle sensors, the system will provide analysis and predict possible outcomes, allowing Marines to deploy the best...

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