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Business and Financial
MISSILE DEFENSE AGENCY Raytheon Co., is being awarded a $773,500,000 noncompetitive contract modification (P00031) to a previously awarded indefinite-delivery/indefinite-quantity radar development contract (HQ0147-18-D-0002). The total ceiling value of this contract is increased from $1,472,000,000 to $2,246,000,000 and the ordering period…
The Department of War, in partnership with BAE Systems and Lockheed Martin, today announced a framework agreement to quadruple the production of seekers for the Terminal High Altitude Area Defense (THAAD) interceptor. This agreement ensures the nation's industrial might is…
The Department of War, in partnership with Honeywell Aerospace, today announced a framework agreement to surge production of critical components for America's munitions stockpile, including navigation systems, Honeywell Assure™ actuators, and electronic warfare solutions. By providing a long-term, stable demand…
Agency alleged Air AI made deceptive claims about business growth, earnings potential, and refund guarantees Air AI will be banned from marketing business opportunities as part of a settlement with the Federal Trade Commission over charges the company misled many…
ARMY Barnard Construction Co., Bozeman, Montana, was awarded a $735,663,711 modification (P00006) to contract W912BV-25-CA-002 to construct the Whittier Narrows Dam safety modification. The modification brings the total cumulative face value of the contract to $761,125,068. Work will be performed…
NAVY Blue Steel Marine LLC,* Talofofo, Guam, is awarded a $249,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract (N4044626D2001) for general ship repair of Military Sealift Command vessels. This action represents a rolling admission to a previously awarded multiple-award contract. Work will be performed…
NAVY General Dynamics Electric Boat Corp., Groton, Connecticut, was awarded a $15,383,494,792 cost-plus-incentive-fee and cost-plus-fixed-fee modification to a previously awarded contract (N00024-17-C-2117) for additional Columbia-class ballistic missile submarines design, class lead yard support and sustainment, integrated enterprise plan initiatives for…
Fitness franchisor to pay $17 million for allegedly misrepresenting key information in franchise disclosures including time to open and operate studios The Federal Trade Commission has secured a settlement against Xponential Fitness for Franchise Rule violations and related deceptive practices,…