Space command: $20B contracts

U.S. Space Force's Space Systems Command is planning to award contracts worth approximately $20B in FY 2024 for programs related to satellite communications and positioning, navigation and timing, a significant increase from the $1.6 billion awarded in FY 2023. Cordell DeLaPena, SSC program executive officer for military communications and PNT, said the planned awards will focus on the satcom portfolio as the Space Force seeks to deploy more resilient space and ground-based capabilities. (GovWire 10/30/23) Space Systems Command to Award $20B in Satcom Contracts in FY 2024 - GovCon Wire 

Entergy selling off gas business in Louisiana

Entergy Louisiana is selling its gas business for nearly $500 million and use it to pay down debts. The utility services more than 200,000 customers in Baton Rouge and New Orleans. (NOLA.com 10/29/23) Entergy to sell gas business to Bernhard Capital for $484M | Business News | nola.com

3Q Northrop sales climb 9% 

The  third quarter 2023 financial report of Northrop Grumman is out and in the three months that ended Sept. 30, sales climbed nine percent to $9.8 billion versus Q2 2022, while net earnings increased two percent year-over-year to $937 million. The total backlog of the aerospace and defense company also rose to a record-high $84 billion. c(GovWire 10/30/23) Northrop Posts 9% Sales Growth, $84B Record Backlog in Q3 2023; Kathy Warden Quoted - GovCon Wire 

Regional: Mississippi locations for Northrop include Electrical Systems in Ocean Springs, Ship Systems in Gulfport and Moss Point.  

V2X to report 3Q financials on Nov. 6

MCLEAN, Va - V2X, Inc., a provider of critical mission solutions and support to defense clients globally, will report third quarter 2023 financial results on Nov. 6 before the market opens. Senior management will conduct a conference call at 7 a.m. CT. 

U.S.-based participants may dial in to the conference call at 877-407-3982. A live webcast of the conference call as well as an accompanying slide presentation will be available at https://app.webinar.net/gAed3AVKra2 and on the Investors section of the V2X website at https://gov2x.com/.