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Tag Archives: BAE

BAE, DRS Win Contracts to Produce Weapon Sights Tech for US Army

military in training

BAE Systems‘ U.S. subsidiary and DRS Technologies have won separate multiyear contracts worth $384 million and $337.7 million, respectively, to provide crew-served weapon sights systems to the U.S. Army. The military branch received three bids for the procurement program and will provide funds and performance locations upon issuance of each order, the Defense Department said Monday. …

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September 23 Market Close: GovCon Index Rally Halted, Posts Weekly Gain as Energy Weighs on US Stocks

GovConIndexDOWN

Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed companies and other large defense platform makers among the drivers of gains as …

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DRS Wins $339M Army Contract to Build Handheld Joint Targeting System

DRS logo

DRS Technologies has won a potential five-year, $339.3 million contract from the U.S. Army to support the military service’s Joint Effects Targeting System initiative. The Army Contracting Command received two offers for the firm-fixed-price contract and will determine performance location with each order, the Defense Department said Thursday. DRS is scheduled to …

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Reports: COO Charles Woodburn to Take Charge of BAE’s UK Defense, Cyber Businesses

Charles Woodburn

BAE Systems Chief Operating Officer Charles Woodburn will assume responsibility for the British contractor’s defense operations and cybersecurity subsidiary in the U.K. ahead of CEO Ian King’s anticipated retirement in 2017, Reuters reported Wednesday. Sarah Young writes a BAE spokeswoman told Reuters the company has informed employees that Woodburn will manage the …

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September 21 Market Close: GovCon Index Returns Above 80 After Fed Holds on Rate Hike & Signals December Move

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Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in …

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September 20 Market Close: GovCon Index Lower on HII Downgrade, US Stocks Higher as Fed Meeting Begins

GovConIndexDOWN

Executive Mosaic’s GovCon Index closed in narrow range Tuesday after Cowen and Company downgraded the stock of military shipbuilder Huntington Ingalls Industries (NYSE: HII) and GCI decliners over gainers at roughly 2-to-1 ratio. Newport News, Virginia-based Huntington Ingalls ended as the GovCon Index’s worst net performer on Cowen and Company’s downgrade of HII to …

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September 16 Market Close: GovCon Index Down, Ends Week at Loss Ahead of Fed Rate Summit

GovConIndexDOWN

Executive Mosaic’s GovCon Index held negative Friday to end at a weekly decline as U.S. stock markets extended the current stretch of sharp swings between gains and losses as the Federal Reserve‘s next two-day meeting looms for Tuesday and Wednesday. Decliners outnumbered advancers 9-to-1 and all of the GovCon Index’s S&P …

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BAE, UK Partners Hold Cyber Forensics Competition

Bae systems logo_ExecutiveBiz

TYSONS CORNER, VA, Sept. 8, 2016 — BAE Systems has partnered with the Cyber Security Challenge UK organization and the U.K. government’s communications center to hold a cyber forensics competition that simulates a scenario in which a fictional payment application website gets attacked, ExecutiveBiz reported Wednesday. BAE said Tuesday the competition called on participants to …

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BAE-Led Team to Compete for Australia Radar Network Modernization Contract

partnership

TYSONS CORNER, VA, Sept. 7, 2016 —  BAE Systems will form a team with Raytheon (NYSE: RTN), Daronmont Technologies and RCR Resolve FM to compete for a potential $765 million contract to modernize the radar network that supports the Australian army’s aerial and maritime surveillance efforts, ExecutiveBiz said Tuesday. BAE Systems Australia’s Chief Executive …

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September 2 Market Close: GovCon Index Rides Post-Jobs Report Surge, Notches Weekly Gain

GovConIndexUP

Executive Mosaic’s GovCon Index ended its three-day losing streak Friday after August’s jobs report missed economists expectations to register a weekly gain and investors bet against the possibility of a September interest rate hike. GovCon Index gainers outnumbered laggers by a roughly 9-to-1 ratio and S&P 500-listed Northrop Grumman (NYSE: NOC) was the top …

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