Deals this week: Lockheed Martin, Contrack Watts, Kratos Defense & Security Solutions

10 November 2017 (Last Updated November 13th, 2017 11:03)

Lockheed Martin Corporation has secured a contract modification worth $147.36m to provide additional Aegis ballistic missile defence (BMD) 4.X / 5.X ship installations to the US Navy until February 2020.

Lockheed Martin Corporation has secured a contract modification worth $147.36m to provide additional Aegis ballistic missile defence (BMD) 4.X / 5.X ship installations to the US Navy until February 2020.

The modification was awarded by the US Missile Defense Agency and also covers programme management and engineering services, BMD post-certification and mission support, as well as Aegis combat system baseline 5.4 development for the Aegis Ballistic Missile Defense Program Office.

Contrack Watts Inc has been awarded a $27m contract by the US Naval Facilities Engineering Command for repair work at US Naval Base Kitsap Bremerton.

The contractor is set to perform repairs to dry dock 2’s perimeter portal crane rail structural support structure, duct banks and electrical distribution systems under the arrangement.

The contractual work is scheduled to be completed in October 2019.

“US-based Kratos Defense & Security Solutions Inc intends to offer $300m-worth of senior secured notes due 2025 in a private offering.”

Lockheed Martin Aeronautics has received a contract modification worth $64.24m to support the low-rate initial production of Lot 11 F-35 Lightning II aircraft for the US Navy and the US Marine Corps.

Lockheed will supply initial air vehicle spare parts for the aircraft until February 2022 as part of the new deal, which was awarded by the US Naval Air Systems Command.

US-based Kratos Defense & Security Solutions Inc intends to offer $300m-worth of senior secured notes due 2025 in a private offering.

The proceeds from the offering will be used to repay the company’s outstanding existing 7% senior secured notes due 2019.

Crowley Government Services has won a one-year contract modification worth $14.64m from the US Military Sealift Command (MSC) to operate and maintain five roll-on / roll-off (RoRo) and container ships.

The maintenance services are expected to improve the ships’ operational ability to support MSC’s surge sealift operations.