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Tag Archives: Army

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


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-Northrop JV to Supply Radar Electronics for Army Apache Aircraft


TYSONS CORNER, VA, Aug. 22, 2016 — The U.S. Army has awarded a Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) joint venture a potential $38.4 million contract to deliver radar electronic units for the service branch’s lot 7 AH-64 Apache attack helicopters, ExecutiveBiz reported Friday. Longbow LLC is set to perform work …

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CGI Secures Army Training Support Contract Option


TYSONS CORNER, VA, Aug. 19, 2016 — CGI (NYSE: GIB) has received a $34.2 million contract option to provide operating environment support services to the Army Training and Doctrine Command‘s intelligence directorate, ExecutiveBiz reported Thursday. It represents the first option year under a potential five-year $124 million contract awarded in 2015 and covers the provision of scenario development tools, …

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Weekly Roundup August 15 – August 19 2016: Leidos Doubles, M&A Wheels Keep Turning & more

market analysis

August 15 – August 19 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The long-awaited, much-anticipated and well-documented merger of Leidos into the now former Lockheed Martin information technology and technical services business completed on Tuesday. As if GovCon observers needed reminding, Leidos doubles to $10 …

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Former Army Centcom Chief James Terry Joins Cubic in Defense BD SVP Post, Eric Carr Gets Promotion


Cubic Corp. (NYSE: CUB) has appointed former U.S. Army Central Command leader James Terry to a senior vice president role in the contractor’s global defense business segment and also promoted Eric Carr, formerly vice president and deputy general manager for integrated training services, to the SVP ranks also. Cubic said Monday that Terry, a retired Army lieutenant general, will …

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Weekly Roundup August 8 – August 12 2016: KBR and HPE Make Public Sector M&A Plays & More

acquisition, merger

August 8 – August 12 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government contracting sector observers got a twin bill of significant acquisition developments during the Thursday evening-Friday morning “down time” in financial markets to continue the GovCon industry’s ongoing deal spree. Prior to this …

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August 11 Market Close: GovCon Index Swings Positive on Orbital ATK Rebound & Lockheed Rise


Executive Mosaic’s GovCon Index staged a rally Thursday to barely miss a new record close as Orbital ATK (NYSE: OA) regained some ground from a record plunge in the previous session and Lockheed Martin (NYSE: LMT) rose to a new 52-week high in intraday trade. The Index closed 0.179 points shy of the …

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August 10 Market Close: GovCon Index Falls on Orbital ATK Plunge After Accounting Disclosure


Executive Mosaic’s GovCon Index recorded its worst session in four weeks Wednesday despite gainers as the clear majority after Orbital ATK (NYSE: OA) announced it would restate all financial results dated back to April 2014. Shares in Orbital ATK plummeted 20.25 percent — or $17.987 — at the stock’s biggest one-day loss in nearly a year after the space systems …

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Raytheon to Offer Modified Israel-Designed Missile Interceptor System for US Army

Raytheon logo

TYSONS CORNER, VA, Aug. 10, 2016 — Raytheon (NYSE: RTN) plans to modify a missile interceptor platform developed by Israel’s Rafael Advanced Defense Systems to support a U.S. Army program that aims to address potential threats, ExecutiveBiz reported Tuesday. Defense News reported Monday that Raytheon will update the Iron Dome platform’s Tamir interceptors to align with U.S. standards and produce the …

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Orbital ATK to Restate Financials & Delay 2Q Filing on Accounting Review


Orbital ATK (NYSE: OA) said Wednesday it plans to restate almost two years of financial results on accounting issues and will delay the filing of its quarterly report for the most recent quarter as the company carries out an accounting review in its defense segment. The Dulles, Virginia-based space systems and ammunition maker said …

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