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Tag: contracts

Lockheed signs long-term contracts with supplier for lower costs, better availability

Lockheed signs long-term contracts with supplier for lower costs, better availability

Business
April 19 (UPI) -- Lockheed has moved sub-contractors into performance-based logistics contracts or master repair agreements to improve capacity, reduce costs and enhance supply availability, the company announced this week. "As the F-35 fleet expands, we are partnering with our customers and taking aggressive actions to enhance F-35 readiness and reduce sustainment costs," Greg Ulmer, Lockheed Martin vice president and general manager of the F-35 program, said in a news release Wednesday. "The F-35 global supply chain is a key enabler to success, and we're restructuring and streamlining several contracts with key industry partners to provide the long-term stability that will allow them to make investments, improve efficiencies and optimize their performance." The performance-based logist...
Brexit ferry contracts could cost government millions more

Brexit ferry contracts could cost government millions more

Business
The government will be forced to spend tens of millions of additional pounds to keep its no-deal ferry contracts in place if Brexit is delayed. Sources have confirmed to the BBC extra payments will need to be made to two ferry companies, to cover their costs of preparing for a 29 March exit.Extra ferries may be needed in case of congestion on roads to the coast.Brittany Ferries, one of the contractors, said it had already incurred large fuel and staffing costs.It said it would need to be compensated for those expenses. In December the Department for Transport contracted three suppliers to provide additional capacity on cross-channel ferries that carry lorries.Sources close to the Department for Transport (DfT) confirmed to the BB...
'Secret' £75m Brexit contracts facing investigation

'Secret' £75m Brexit contracts facing investigation

Business
The government has quietly awarded £75m of Brexit-related contracts to some of the world’s biggest consultancy firms, Sky News can reveal. The deals, uncovered today for the first time, were never publicly announced.They were given to nine high-profile international companies, including familiar names such as Deloitte, Accenture and PwC.Each company received a contract worth between £5m and £10m.Three of the contracts - together worth £25m - went to the American firms Bain, McKinsey and Boston Consulting.All nine agreements are described as contracts for "the supply of Cabinet Office consultancy support for EU Exit". Image: Deloitte is among the big firms awarded multi-million-pound contracts ...
Navy contracts Austal for next two littoral combat ships

Navy contracts Austal for next two littoral combat ships

Business
Dec. 17 (UPI) -- Austal has been awarded contracts for the construction of the Navy's next two Independence-class littoral combat ships, LCS 38 and LCS 38. The contract, announced Friday by the Department of Defense, is potentially worth well over $ 1 billion as each of the vessels has a congressional cost cap of $ 584 million per ship. Austal has now been awarded contracts for four new LCS vessels in 2018. The company already has delivered eight of the ships, and has six more under construction and three awaiting the start of construction -- bringing the total number of LCS ships by Austal to 19. "To be awarded two more LCS contracts before the end of the year is beyond exciting," Craig Perciavalle, president of Austal USA, said in a press release. "The skill, hard work and dedication o...