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Tag Archives: Army

Bert Ravelo, Wells Barlow Join AITC Executive Mgmt Team; Gabriel Ruiz Comments

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Advanced IT Concepts has enlisted Bert Ravelo and Wells Barlow to join its executive management team in support of the company’s expansion efforts. Ravelo has been appointed as chief operations officer while Barlow will serve as a senior program manager for the company, AITC said April 27. Gabriel Ruiz, AITC president and CEO, …

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Vectrus Gets $174M Contract Modification for Enterprise Network Support to CENTCOM

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The U.S. Army has awarded Vectrus (NYSE: VEC) a potential two-year, $173.8 million contract modification to support the U.S. Central Command’s enterprise network infrastructure. Vectrus’ systems business will perform work at various CENTCOM locations in Afghanistan, Bahrain, Iraq, Jordan, Kuwait, Qatar and the United Arab Emirates, the Defense Department said Thursday. DoD expects the company to finish …

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Vectrus Boosts Full-Year Guidance on 1Q Earnings, Revenue Beats

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Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has lifted the lower ends of its full-year earnings and revenue outlooks in part on a large contract extension given in March. The Colorado Springs-based communications services contractor now expects earnings of at least $2.02 per share compared to …

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Harris to Provide Morocco Ground, Airborne Radios Under $405M Foreign Sales Deal

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Harris (NYSE: HRS) has landed a $405 million foreign military sales contract from the U.S. Army to produce and deliver single-channel ground and airborne radio systems to Morocco. The company will provide the combat net radios along with ancillary items, spare parts, installation kits, training and fielding support services under the firm-fixed-price contract …

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Weekly Roundup May 2 – May 6 2016: Defense Earnings Season Rolls On & More

May 2 – May 6 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.’ largest government contractors and get an idea of what …

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NAVSUP Issues Solicitation for Potential $993M Wireless Telecommunications Services IDIQ

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The Naval Supply Systems Command has issued a solicitation for a potential five-year, $993.5 million contract to continue to provide wireless telecommunications services to the Defense Department, Department of the Navy, Air Force, Army and other federal agencies. NAVSUP said in a FedBizOpps notice published Thursday the indefinitely-delivery/indefinite-quantity contract is a follow-on requirement and …

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Textron Awarded $116M to Update Army Shadow UAS Fleet; Henry Finneral Comments

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A Textron (NYSE: TXT) business unit has been awarded a $116.5 million contract to update a tactical unmanned aircraft system the U.S. Army operates for intelligence, surveillance and reconnaissance missions and to relay communications.  Textron’s unmanned systems business will work to update 24 of the Army’s RQ-7B V2 Shadow TUAS and deliver that set of unmanned aircraft back …

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Weekly Roundup April 18 – April 22 2016: First Quarter Earnings Season Arrives & more

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April 18 – April 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors. We …

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Katrina McFarland: Army Seeks More R&D Dialogue With Industry

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The U.S. Army is looking at how contractors spend government-issued funds for research-and-development programs in order to better understand where industry focuses its R&D efforts, the branch’s lead acquisition executive said Wednesday. Katrina McFarland told an audience at a Potomac Officers Club-hosted event in Falls Church, Virginia the Army’s closer examination of R&D spending at …

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General Dynamics Secures Potential $193M Army Contract for Penetrator Bomb Components

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A General Dynamics (NYSE: GD) business unit has received a potential five-year, $193 million contract from the U.S. Army to build penetrator bomb bodies and components. The Army Contracting Command awarded the indefinite-delivery/indefinite-quantity contract to General Dynamics Ordnance and Tactical Systems to produce the BLU-109 units, the company said Wednesday. General Dynamics added it has already received the first orders valued at $9.3 …

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