DRG lands KC-135 BOSS training contract

Delaware Resource Group of Oklahoma LLC (DRG) has been awarded the Air National Guard KC-135 Boom Operator Sustainment System (BOSS) contract.

The contract calls for operations of the training system at 17 different locations, and five additional micro-boss locations.

DRG will provide program management, systems engineering, operations, maintenance and sustainment for the KC-135 boom operator training system. DRG also will maintain a Training System Support Center that will provide software engineering, hardware engineering, inoperability, cybersecurity, distributed mission operations, system modifications, and upgrades.

Contract transition start is underway at the Oklahoma City headquarters, and the contract holds options through the end of 2024.

“We are extremely excited to be able expand our portfolio with this contract,” Brian Busey, company president and chief operating officer, said in a statement.

The contract was awarded by the U.S. Air Force contracting authority at Wright-Patterson Air Force Base, Air Force Life Cycle Management Center, Simulator Division.

In recent weeks, DRG has secured several additional subcontracts and agreements for contractor logistics support, engineering, aircrew instruction and other support related functions on weapons systems within the U.S. Department of Defense.

LSB Industries reports $5.6M loss in Q1

Oklahoma City-based LSB Industries Inc. reported a net loss of $5.6 million in the first quarter of this year, compared to a net loss of $6 million in the same period of 2017.

CEO Daniel Greenwell said the chemical company showed financial improvement.

“We were pleased with our first-quarter results, which were in line with our expectations and showed improvement over the prior year period, which benefited from $1.7 million of adjusted EBITDA from a business that we divested later in 2017,” Greenwell said in a statement. “The favorable year-overyear comparison reflects stronger pricing across most of our products along with solid operations by our facilities ... along with lower natural gas input costs.”

Greenwell said expectations for higher pricing for the products it makes combined with improvement in plant reliability should produce stronger profitability and cash flow this year.