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When I was a kid, my dad made good money during the very early 1970s, which had a particularly poor-performing stock market. I grew up believing that even during a recession… certain things actually go up.

Out with the old (Cold War systems), in with the new: Defense Secretary Leon E. Panetta says that ISR, space and cyber will be new priority areas as the Defense Department embarks on a strategy befitting the new global security environment. Speaking at a January 5 Pentagon press conference, Panetta defined the future military as “a smaller and leaner force” with reductions coming in the U.S. Army and the U.S. Marine Corps. This force will be more agile and flexible, ready to deploy quickly, and it will feature new technologies and other advances.

Operation Homefront is accepting nominations for the Military Child of the Year Award through January 15. Winners receive $5,000 and a trip to Washington, D.C., for a special recognition ceremony.

Raytheon Space and Airborne Systems, McKinney, Texas, is being awarded a $25,823,405 cost-plus-fixed-fee contract to continue improving the Multi-Spectral Targeting System-B and build the advancements

Boeing Company, Seal Beach, California, is being awarded a $23,881,830 cost-plus-award-fee contract option for calendar year 2012 maintenance and operations services to provide the requirements for th

Raytheon Technical Services Company, Dulles, Virginia, is being awarded a $14,046,412 firm-fixed-price contract for radar operations and maintenance services to ensure the availability of the Cobra Da

Raytheon Company, Network Centric Systems, Marlborough, Massachusetts, is being awarded a $9,443,490 cost-plus-award-fee, firm-fixed-price, time-and-materials and cost reimbursement contract.

Boeing Satellite Systems Incorporated, El Segundo, California, is being awarded a $9,497,495 cost-plus-fixed-fee modification of the Wideband Global SATCOM Block II follow-on contract is for spacecraf

Integral Systems Incorporated, Columbia, Maryland, is being awarded a $15,698,435 cost-plus-award-fee contract for modification exercises option in support of the Command and Control System Consolidat

Lockheed Martin Missiles and Fire Control, Orlando, Florida, was awarded a $7,789,759 firm-fixed-price and cost-plus-fixed-fee contract for the procurement of Modernized Laser Range Finder Designator