Raytheon CEO William H. Swanson received a slight salary bump in 2012 but his overall compensation grew by $1.4 million, the defense contractor disclosed in a Securities and Exchange Commission filing Friday. Swanson received a base salary of $1.4 million for 2012, a small increase from 2011. But his overall compensation with incentive pay and stock holdings came to $16.4 million. That’s up from $15 million overall in 2011 and $14.8 million in 2010. In explaining the compensation, the company noted in the SEC filing that Raytheon had “strong operational results” in 2012, including an increased backlog from $35.3 billion…
Browsing: Lockheed Martin
The Government Accountability Office on Monday denied a protest against Lockheed Martin’s $4.6 billion contract award to support the Pentagon’s global data network. In its June protest to GAO, Science Applications International Corp. claimed that the Defense Information Systems Agency unreasonably evaluated Lockheed’s technical risk and costs, according to GAO. SAIC also said that DISA failed to meaningfully investigate whether Lockheed had unequal access to information pertaining to the contract, which would have been an organizational conflict of interest (OCI). GAO determined that DISA’s evaluation of Lockheed’s proposal was “reasonable and consistent with [the] solicitation’s evaluation criteria,” Ralph White, GAO’s managing…
Science Applications International Corp. is protesting a $4.6 billion award to Lockheed Martin to support the Defense Information Systems Network. The protest was filed June 22 with the Government Accountability Office. GAO will issue a decision on the protest by Oct. 1. “We are disappointed in the government’s decision to not award us the Defense Information Systems Agency (DISA) Global Information Grid (GIG) Services Management (GSM) contract. We feel our solution is the best value for the customer and we are proud of our performance history on this contract,” SAIC spokeswoman Melissa Koskovich said in a statement. Lockheed Martin Corp. beat out incumbent SAIC…