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Tag: Contracts

GDIT receives $383M Navy contract

Falls Church-based General Dynamics Information Technology Inc. will help train more than 100,000 U.S. Navy and allied sailors on surface combat systems under a $383 million contract announced June 15.

The contract, awarded by the Naval Surface Warfare Center Dahlgren on behalf of the service’s Surface Combat Systems Training Command, has a one-year base and four option years. The command trains warfighters to maintain, operate and tactically employ surface combat systems across operations. Under the contract, GDIT will provide classroom and simulation settings on shore and on board Navy ships around the globe, including providing instructor support, curriculum development, training aids and program management.

“For over 30 years, we have supported a wide range of Navy training activities,” Brian Sheridan, GDIT’s senior vice president for defense, said in a statement. “We are looking forward to continuing to provide the Navy with modern training services to strengthen its overall fleet operations and warfighting readiness.”

The latest contract awards builds on other training services GDIT, a business unit of Reston-based General Dynamics Corp., provides to the U.S. military. On March 23, the Pentagon announced that GDIT won a nearly $1.8 billion contract to provide flight simulation training services to the Army. Under that contract, which includes a five-year base and seven option years, GDIT will use advanced simulation technology to train Army helicopter aviators in multiple cargo, attack, utility and training helicopter platforms at Fort Rucker, Alabama, GDIT said in a news release in April. GDIT will own, operate, maintain and upgrade virtual flight simulators and provide related training and program management.

General Dynamics employs more than 100,000 people worldwide and in 2022 reported $39.4 billion in revenue, an increase of 2.4% from 2021. GDIT employs more than 30,000 people, including 8,250 in Virginia.

Derivatives exchange company to create 37 jobs in Fairfax

Tysons-based derivatives exchange company Nodal Exchange will invest $300,000 to expand its Fairfax County headquarters, creating 37 jobs, Gov. Glenn Youngkin announced Thursday.

The company will increase capacity at its headquarters, located at 1921 Gallows Road in Tysons.

“Nodal Exchange offers the largest suite of power and environmental contracts in the world, and we are proud that this Virginia-grown business manages risk in such a critical market, resulting in impressive growth at its headquarters in Fairfax County,” Youngkin said in a statement.

Founded in 2007, Nodal Exchange is part of EEX Group, a group serving international commodity markets. Nodal Exchange offers more than 1,000 power contracts. The company also offers natural gas and environmental contracts, and its wholly-owned subsidiary, Nodal Clear, is registered with the Commodity Futures Trading Commission as a derivatives clearing organization.

“Nodal Exchange was founded in Fairfax County, Virginia, which we believe is an ideal location for attracting and retaining an outstanding professional team necessary for operating a derivatives exchange and clearing house. … It is a wonderful location with a highly educated and diverse workforce,” Nodal Exchange and Nodal Clear Chairman and CEO Paul Cusenza said in a statement.

The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project for Virginia. The VEDP will support Nodal Exchange through the Virginia Jobs Investment Program, which provides consultative services and funding to support employee recruitment and training to companies creating jobs.

Reston-based Leidos wins $11B defense contract

Reston-based Leidos Holdings Inc. has won an $11.5 billion contract to consolidate and streamline the Department of Defense’s Fourth Estate information technology into one common network, the Pentagon announced Monday.

Under the contract, Leidos is expected to modernize, transform and unify nearly two dozen defense agencies and field activities — Defense Department organizations other than the military services that have manpower resources, referred to as the Fourth Estate — onto one Defense Informations Systems Agency network “to provide mission services focused on enhanced user experience, improved security, and network reliability.”

More than 380,000 employees comprise the Fourth Estate, including the Office of the Secretary of Defense, the Joint Staff and the combatant commands.

“We are honored that DISA has entrusted our team to establish the modern infrastructure foundation that will deliver critical combat support capabilities to our warfighters,” Leidos Chairman and CEO Roger Krone said in a news release announcing the award. “Leidos is committed to helping DISA and the defense agencies and field activities further their vision, leveraging our decades of technological expertise to bolster their critical mission.”

Leidos, a Fortune 500 company, provides technology, engineering and science services to defense, intelligence, civil and health markets. The company employs 43,000 people.

“The Defense Enclave Services program demands unique expertise and advanced technology solutions,” said Leidos Defense Group President Gerry Fasano. “Leidos brings both at unparalleled scale, with a focus on constant innovation. We look forward to delivering an improved user experience and enhanced mission capabilities.”

 

Northrop Grumman wins $341M contract to develop deep space radar

Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. has won a $341 million contract from the U.S. Space Force to develop and test a ground-based surveillance radar in support of its Space Domain Awareness mission, the contractor announced Wednesday.

The Deep-Space Advanced Radar Capability is expected to enhance the military’s space surveillance by increasing capacity to monitor deep space objects and will eventually provide full global coverage via three sites, Northrop Grumman said in a news release. The initial contract includes design, development and delivery of a system to be located in the Indo-Pacific and is expected to be complete in 2025.

“The DARC program will field a resilient ground-based radar providing our nation with significantly enhanced space domain awareness for geostationary orbit,” Pablo Pezzimenti, vice president of integrated national systems for Northrop Grumman said. “While current ground-based systems operate at night and can be impacted by weather conditions, DARC will provide an all-weather, 24/7 capability to monitor the highly dynamic and rapidly evolving geosynchronous orbital environment critical to national and global security.”