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Tag Archives: BAE Systems

August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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BAE, Raytheon Receive $228M in Australia Defense Services Contracts

Boeing F-18 Super Hornet

BAE Systems and Raytheon (NYSE: RTN) have each received contracts worth nearly $228.3 million combined from Australia’s defense ministry for services in support of military projects there. Defense Minister Christopher Pyne announced the contract extensions for the two companies during a trip to Australia’s New South Wales state, the ministry said Wednesday. Pyne …

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Bloomberg: BAE COO Charles Woodburn to Start Preparations for CEO

Bae systems logo_ExecutiveBiz

BAE Systems PLC Chief Operating Officer Charles Woodburn will start a series of meetings with clients and suppliers sometime in October or November as part of preparations to succeed Ian King as CEO of the British defense contractor, Bloomberg reported Wednesday. Benjamin Katz and David Hellier report that Woodburn will assume a bigger role with outside stakeholders while King will …

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David Lockwood to Succeed Bob Murphy as Cobham CEO; John Devaney Comments

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David Lockwood, CEO of U.K.-based electronics firm Laird, will succeed Bob Murphy as CEO of Cobham by Jan. 1, 2017. Murphy will leave his post by the end of 2016 and will be succeeded by Lockwood on the company’s board of directors, Cobham said Wednesday. “David has a background in defense …

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BAE Systems Launches Cybersecurity Hub in Malaysia

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TYSONS CORNER, VA, Aug. 16, 2016 — BAE Systems has unveiled a cybersecurity and threat intelligence hub in Malaysia in support of cyber awareness and cyber technology adoption efforts in the country, ExecutiveBiz reported Monday. The company said Thursday the Malaysian Nerve Center in Kuala Lumpur will work alongside BAE’s Malaysian Engineering Center to help …

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BAE Systems Lands SIGINT Payload Support Contract From Army

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TYSONS CORNER, VA, Aug. 15, 2016 — BAE Systems will provide logistics services in support of the U.S. Army‘s tactical signal intelligence payload system under a potential $38.2 million contract, ExecutiveBiz reported Friday. The Defense Department said Thursday the contract covers support for the company-built payload through Aug. 10, 2023. About Executive Mosaic: …

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7 Firms Land $117M in Contract Modifications Under Navy Technical, Engineering Support IDIQ

NavyShip

The U.S. Navy has awarded seven companies contract modifications worth $117.3 million combined to continue to provide technical and engineering services for the service branch’s vessels. The contract modifications were awarded to exercise the second option year on a previously awarded cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract under the Navy Modernization Program, the Defense …

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August 15 Morning Report: GovCon Index Posts Loss on Retail, Manufacturing Data

GovConIndexDOWN

Executive Mosaic’s GovCon Index closed Friday down 0.148 points to 82.467 to end the week with a 0.315-point loss. The Index mirrored the larger U.S. market as the retail sales report for July showed no change from the previous month and manufacturing data fell below analyst expectations. Four of GCI’s S&P 500-listed stocks posted gains …

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BAE Systems to Help Critical Response Group Deliver Visual Emergency Mgmt Plans

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TYSONS CORNER, VA, Aug. 12, 2016 — A BAE Systems geospatial technology will support a newly established business unit within The Rodgers Group by serving as a platform to convert text-based emergency action plans into collaborative response visuals, ExecutiveBiz reported Thursday. The public safety consulting firm’s new Critical Response Group said Tuesday it will use BAE Systems’ Geospatial eXploitation platform …

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BAE Systems to Help Develop Software Tool for First Responders

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TYSONS CORNER, VA, Aug. 2, 2016 — BAE Systems will research, develop and demonstrate a software tool that first responders can use to disconnect a non-cooperative entity from its network and use a separate protected emergency network under an $8.7 million U.S. Air Force contract, ExecutiveBiz reported Monday. The Defense Department said Friday BAE’s information and …

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