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Northrop Lands $304M Navy Contract Modification to Manufacture Lot 2 Triton UAS

Northrop Grumman (NYSE: NOC) has been awarded a $303.9 million contract modification by the U.S. Navy for low-rate initial production of three lot 2 MQ-4C Triton unmanned aircraft systems The Defense Department said Tuesday the company will also provide one main operation control station, one forward operation control station, tooling and trade studies under the modification. …

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Jennifer Boykin to Succeed Matt Mulherin as HII Newport News Shipbuilding Division President

Jennifer Boykin, vice president of engineering and design at Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division, has been promoted to president of the division and executive vice president of the company, effective July 1. She will succeed Matt Mulherin, who will retire from the company by Aug. 1 after after a 36-year …

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Former DoD Legal Chief Jennifer O’Connor Appointed Northrop Mission Systems Sector Counsel

Jennifer O’Connor, former general counsel at the Defense Department, has joined Northrop Grumman (NYSE: NOC) as vice president, associate general counsel and sector counsel for the company’s mission systems sector. Northrop said Friday she will succeed the retiring James Stephenson and report to Sheila Cheston, corporate vice president and general counsel. In her …

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Former PAE VP John Coleman Joins Omniplex as Investigative Services Group President; Michael Santelli Comments

John Coleman, former vice president of the information and mission solutions business area at PAE, has joined Omniplex World Services as president of the Chantilly, Virginia-based company’s investigative services group. He will report directly to Omniplex President and CEO Michael Santelli and brings more than 20 years of program and business management experience to his new position, the …

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Navy Awards Northrop Potential $812M LCS Gun Mission Module Production Contract

Northrop Grumman (NYSE: NOC) has been awarded a potential $812 million contract by the U.S. Navy to manufacture gun mission modules for the service branch’s Littoral Combat Ships. The company will also support basic outfitting assembly installation, engineering, sustainment and interim depot-level maintenance of LCS gun mission modules, the Defense Department said …

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March 1 Market Close: GovCon Index, US Stocks Climb to New Records on Trump Speech & Rate Hike Chatter

Executive Mosaic’s GovCon Index closed at an all-time high Wednesday for the second time in three sessions as U.S. stocks also extended their record-setting rally in their best one-day performance of 2017 so far with the S&P 500 composite index above 2,400 for the first time during intraday trade after President Donald …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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February 24 Market Close: GovCon Index Up, Records 4th Straight Weekly Gain

Executive Mosaic’s GovCon Index closed higher Friday to end its fourth straight weekly gain as investors eyed defense stocks after President Donald Trump repeated his election campaign pledge to build up the military during a speech in Washington. U.S. equities also posted narrow gains and the benchmark S&P 500 composite index ended the …

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February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

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February 22 Market Close: GovCon Index Flat, S&P 500 Dips After Fed Minutes

Executive Mosaic’s GovCon Index held flat as the U.S. stock bellwether S&P 500 composite index traded narrowly lower Wednesday after the most recent Federal Reserve meeting minutes indicated a desire among many policymakers to raise interest rates “fairly soon.” GovCon Index advancers slightly edged decliners 16-14 as seven of its 11 S&P 500 components closed green with Huntington …

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