In addition to staying on top of breaking executive activity at the leading government contracting firms, Executive Mosaic and its flagship Government Contracting Wire (GovCon Wire) has established itself as a foremost presence in the world of international government contracting.
Much has made been about defense contractors’ increased activity in adjacent markets as Pentagon spending flattens and declines due to budget cuts and the drawdown of activity in Iraq and Afghanistan.
Foreign Military Sales have been a growing source of revenue for these contractors, with the following activity occurring in the past few weeks:
- Boeing won a close-to-$112 million option to support an airborne warning and control system contract that includes foreign sales.
- ATK, Raytheon and Honeywell are the prime contractors on a proposed $210 million sale of air-to-air missiles and associated equipment to the nation of Singapore.
- Lockheed Martin has submitted its F-35 Joint Strike Fighter for potential sales of aircraft to the government of South Korea
International acquisitions have enabled contractors to enhance their position in these international markets, and activity in the international deals space has been one area of activity in an otherwise tepid market.
- Fresh off of its acquisition of GeoEye, Digital Globe picked up crowdsourcing firm Tomnod, which has executed projects in Mongolia, Syria and Somalia.
And Lockheed elected three new leaders to its board of directors of its Australian subsidiary.
This a sampling of the international activity that GovCon Wire and Executive Mosaic continue to stay on top of to keep the GovCon Executive informed at the forefront of industry.
Our commitment is to stay at the forefront of the developments and analysis critical to executives’ success – we look forward to continuing to serve you and your companies in the future.