Lockheed Martin has been awarded a $2.76 billion contract by the US Army for Guided Multiple Launch Rocket Systems Alternative Warhead rocket pods, GMLRS Unitary Warhead rocket pods, Low-Cost Reduced Range Practice rocket pods and associated services. The delivery deadline for these systems is fall 2024.
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Rolls Royce is planning to complete a prototype of its UltraFan engine in 2021. The design holds promise to greatly improve fuel efficiency.
Lockheed Martin's Extended-Range Guided Multiple Launch Rocket System has completed a successful test firing using a US Army High Mobility Artillery Rocket System launcher. The Extended-Range GMLRS builds on Lockheed's success with the GMLRS, with 50,000-plus already produced and 9,000 more in production.
A report said medical practices spend $2.76 billion each year to update provider directories. The report suggests more than $1 billion could be saved by creating a single data platform where practices could enter, update and share information.
KPH Turcot, a joint venture between Kiewit and Parsons, was awarded a $2.76 billion design-build contract for the Turcot interchange project, the largest road project in Quebec, Canada's history. The project involves rebuilding four interchanges, constructing a rail tunnel and redirecting a collector sewer. The project should be done in 2020.
Construction is 22% complete on the Mississippi Power Co.'s power plant in Kemper County, Miss., but the project is already $366 million over budget and only $110 million away from the cap imposed on costs. The current price tag is now $2.76 billion, and additional overruns are expected.