AAI, a subsidiary of Textron (NYSE: TXT) subsidiary, has received a potential $120 million contract to continue providing intelligence, surveillance and reconnaissance support for the  U.S. Special Operations Command‘s mid-endurance unmanned aircraft systems. SOCOM awarded the sole-source contract for AAI to provide worldwide support until all of the command’s operational sites complete transition to …

Brian Sinkiewicz, former senior vice president and general manager of Textron Systems‘  (NYSE: TXT) weapon and sensor systems business, has been named SVP of airborne solutions at Elbit Systems‘ U.S. subsidiary. He will oversee performance, customer engagement and growth efforts for Elbit Systems of America‘s portfolio of airborne products designed for U.S. and international defense …

A business unit of Textron Systems (NYSE: TXT) has received a potential seven-year, $332.9 million contract to manufacture 255 mobile strike force vehicles for the U.S. Army. Textron’s marine and land systems business will also provide fielding hardware to the service branch and deploy field representatives to support deprocessing of systems, the Defense Department said Wednesday. …

A Textron Systems (NYSE: TXT) subsidiary and a General Atomics business unit have won spots on a potential eight-year, $499 million contract to help the U.S. Air Force research and develop aerospace vehicle platforms for warfighters. AAI Corp. and General Atomics Aeronautical Systems will perform work at their respective facilities in Maryland …

Lisa Atherton, formerly executive vice president of military business at Textron‘s (NYSE: TXT) Bell Helicopter subsidiary, has been appointed president and CEO of Textron Systems. She replaces Ellen Lord, who will be nominated by President Donald Trump as undersecretary of defense for acquisition, technology and logistics, Textron said Wednesday. “Lisa …

Subsidiaries of Boeing (NYSE: BA) and Textron (NYSE: TXT) have landed spots under a potential five-year, $475 million contract that covers mid-endurance unmanned aircraft system intelligence, surveillance and reconnaissance services to the U.S. Special Operations Command. The Defense Department said Wednesday that Boeing’s Insitu business and Textron’s AAI Corp. subsidiary will vie for task orders under the multiple-award, indefinite-delivery/indefinite-quantity …

The Executive Mosaic GovCon Index posted minor losses to close down 0.011 percent to 93.282 with advancers and decliners split evenly. Textron topped of the GovCon Index board gaining 3.60 per cent on rumors of a possible acquisition by Lockheed Martin hit the streets. U.S. major markets closed down as the Bloomberg Consumer …

Leidos (NYSE: LDOS), Textron‘s (NYSE: TXT) AAI subsidiary and AASKI Technologies have won positions on a potential five-year, $900 million contract for field support and technical services to the U.S. Army‘s product office for tactical unmanned aircraft systems. Five bids were submitted to the Army Contracting Command for the firm-fixed-price contract via the internet, the Defense …

TYSONS CORNER, VA, Feb. 1, 2017 — BAE Systems will provide its LiteHUD head-up displays to support the flight test program of the Textron (NYSE: TXT) and AirLand Enterprises joint venture’s Scorpion jet, ExecutiveBiz reported Tuesday. The display is designed with BAE’s optical waveguide technology and will work to reduce the risk …

Executive Mosaic’s GovCon Index held onto its gain Wednesday with help from Boeing (NYSE: BA) on the airplane maker’s fourth quarter results above analyst forecasts to offset the decline by Textron (NYSE: TXT) after its October-December figures disappointed Wall Street. U.S. stocks by comparison hit all-time highs again in comparison as the S&P …