Nearly six months ago, Northrop Grumman filed a $179 million lawsuit against the U.S. Postal Service, alleging the agency delayed and disrupted its work on a multimillion-dollar contract to create and install high-tech mail sorters. Now, USPS has countered those claims, alleging the company actually owes it millions of dollars because the contract ran over schedule, according to documents obtained by Federal News Radio.
Defense industry executives criticize the impending sequestration, which they say would lead to the loss of more than 1 million defense-related jobs.
With a tighter defense budget and the threat of sequestration, defense contractors say they may have to lay off thousands of workers and look for business overseas.
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The Air Force has awarded Northrop Grumman a three-year contract to upgrade cryptography in the country’s intercontinental ballistic missile system.
The deal will help Northrup broaden its client portfolio amid dwindling defense sales and concerns about sequestration.
Three of the top five U.S. defense vendors — Northrop Grumman Corp., General Dynamics Corp. and Raytheon Co. — had lower sales in the first quarter of 2012, a trend that may continue as the Pentagon cuts its budget, according to a new report from Bloomberg Government.
Lockheed Martin will join a team of several other large companies in a bid for the Navy’s forthcoming multibillion dollar Next Generation Enterprise Network contract.
Competition, reliance on commercial technology drove down prices for IT consolidation on ships, Navy official says. The service still is figuring out how to integrate CANES with its NGEN shore-based system. The RFP for NGEN is expected any day.
The Air Force’s B-2 stealth bomber fleet is getting ready to go under the knife.