Recent Posts

August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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State Department Approves $124M Patrol Boat Sale to Qatar

Boat

The U.S. State Department has approved a potential $124.02 million sale of Mk-V Fast Patrol Boats and related equipment to Qatar under a foreign military sales agreement with United States Marine Inc. as the principal contractor. The Defense Security Cooperation Agency said Tuesday Qatar’s request also includes eight M2HB .50 caliber machine guns, forward looking …

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Army Picks 7 Firms for $240M Environmental Remediation Services Program

Wastewater

The U.S. Army has awarded seven companies spots on a potential three-year, $240 million contract to provide environmental remediation services for various projects led by the Army Corps of Engineers. The Army Corps of Engineers received 14 bids for the Type 1 order-dependent contract via an online-based solicitation, the Defense Department said Monday. Work covers support for the …

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GE, ATEC Land $256M in Turbine Engine Design Review Contracts With Army

turbine-aircraft

The U.S. Army has awarded a $154 million contract to General Electric‘s (NYSE: GE) aviation segment and a $102 million contract to Advanced Turbine Engine Co. to conduct preliminary design reviews for an updated helicopter turbine engine technology. The Defense Department said Monday the companies will assess the design of the engine for potential use on UH-60 Blackhawk and AH-64E Apache helicopters. DoD added …

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Lockheed Awarded Potential $80M Navy Contract to Develop LCS Combat Mgmt System

Littoral-Combat-Ship

Lockheed Martin‘s (NYSE:LMT) mission systems and training business has secured a potential $79.6 million contract from the U.S. Navy to build a combat management system for Littoral Combat Ships. The Defense Department said Monday the contract covers the development and integration of hardware and software as well as combat system technical data …

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Northrop Taps Raytheon for $104M Air Force Global Hawk Ground Control Modernization Subcontract

RQ-4-Global-Hawk

Northrop Grumman  (NYSE: NOC) has awarded Raytheon (NYSE: RTN) a potential $104 million subcontract to update the ground controls of the U.S. Air Force’s RQ-4 Global Hawk unmanned aerial system. Raytheon will equip the mission control stations for the Northrop-built UAS with open architecture that will work to facilitate the addition …

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Lockheed Vet Michael Grasso Joins Engility as Business Development Leader

Michael_Grasso

Michael Grasso, a 35-year veteran and former vice president of government relations at Lockheed Martin (NYSE: LMT), has joined Engility (NYSE: EGL) as senior vice president of business development and strategic planning for the government services contractor. Engility said Monday he will report directly to CEO Lynn Dugle in his new role. Grasso’s career at Lockheed includes …

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