Vol. 22, No. 17 
House Armed Services Will Authorize Low-Yield Nuke, Lawmaker Says
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Contracts & Procurement
Senior BWXT Execs Leaving This Summer
Joseph Henry, president and chief operating officer of BWX Technologies’ Nuclear Operations Group, will retire June 30, the company disclosed Monday in a regulatory filing. It was not immediately clear who would succeed the retired Navy admiral at the helm of the Lynchburg, Va.-based company’s nuclear manufacturing and fuel-enrichment business. “We will announce [Henry’s] successor […]
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Contracts & Procurement
Final Bids in On LANL Contract, UC Says
The University of California submitted its best and final offer to manage the Los Alamos National Laboratory for the next decade, a spokesperson for the institution said last week. “It’s my understanding that all teams have submitted their final bids at this time,” the spokesperson wrote in an April 20 email to Nuclear Security & Deterrence […]
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Delivery Systems & Nuclear Triad
Northrop Grumman Posts Solid First-Quarter Results
By Calvin Biesecker Defense Daily Northrop Grumman on Wednesday opened its fiscal 2018 with solid results, driven by improved operating performance, lower taxes, and a pension benefit, and the company upgraded its earnings outlook for the year. Net income in the quarter was up 14 percent to $739 million, or $4.21 a share, from $650 […]
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Delivery Systems & Nuclear Triad
Boeing Powers To Strong First Quarter, Increases Earnings Outlook
By Calvin Biesecker Defense Daily Driven by strong results across its operations, Boeing on Wednesday reported a big increase in its bottom line and a solid gain in the top line in its first quarter, and the company boosted its guidance this year for earnings and cash. Net income was up 57 percent to $2.5 […]
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Defense & Military
Lockheed Martin Opens 2018 With Strong Financial Results
By Calvin Biesecker Defense Daily Lockheed Martin on Tuesday posted strong financial results in its first quarter buoyed by operating performance, a lower tax rate and a pension tailwind, and the company raised the outlook for its top and bottom lines in 2018. Net income soared 47 percent to $1.2 billion, or $4.02 earnings per […]
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Delivery Systems & Nuclear Triad
Raytheon Posts Strong First Quarter
By Calvin Biesecker Defense Daily Raytheon on Thursday posted strong first-quarter financial results, driven by lower taxes, and improved operating performance, and the company increased its guidance this year for sales and earnings. Lower taxes that went into effect on Jan. 1 have helped underpin solid to strong results for all the major defense companies […]
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Contracts & Procurement
Alabama Firm Gets $150M Contract to Build New NNSA Albuquerque Office
Alabama-based Caddell Construction will build a new office building in Albuquerque for more than 1,000 National Nuclear Security Administration (NNSA) employees under a contract worth a little under $150 million, the U.S. Army Corps of Engineers announced this week. The Army Corps is procuring construction services for the planned Albuquerque Complex and managing the contract. […]
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Non-Proliferation
MOX Services Contorted Contract Language in Effort to Keep $20M in Unearned Fees, DOE Says
In court papers Wednesday, the Department of Energy doubled down on its argument that the contractor on an over-budget plutonium-disposal plant targeted for cancellation contorted the language of its deal in an attempt to convince a federal judge the company should keep $20 million in contested fees. The $20 million is only a small part […]
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Non-Proliferation
Subcontractor Seeks Lighter Sentence in MOX Theft Case
Citing declining health due to multiple sclerosis, and the need for 24-hour assistance, one of the men who defrauded the federal government while working for the Savannah River Site MOX project is hoping to avoid a prison sentence of up to five years. Phillip Thompson is instead requesting five years of probation, with the special […]
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Non-Proliferation
Russia, U.S. Have Not Violated Plutonium Disposal Agreement, State Dept. Says
While neither the United States nor Russia met a nonbinding target to start disposing of tons of plutonium this year, neither country has actually violated the agreement to get rid of the nuclear material, the U.S. State Department said in a recent report. The Plutonium Management and Disposition Agreement (PMDA), negotiation of which began in […]
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Contracts & Procurement
University of Texas Gets 5-Year NNSA Grant for Fundamental Physics Work
Fundamental physics research at the University of Texas at Austin will get a $7 million boost from the National Nuclear Security Administration, which is funding the work under a 16 year-old program aimed at providing people with the technical qualifications to maintain U.S. nuclear weapons. The grant came from the NNSA Stewardship Science Academic Alliances […]