Search Results for: defense contractors

Defense Contractors Ask Government to Backfill DoD Money Used to Cover COVID-19 Expenses

Pentagon

The CEOs of eight defense contractors wrote separate letters to the White House and the Department of Defense saying that the money sourced from DoD’s budget to help companies retain highly skilled employees during the COVID-19 pandemic should be replaced with new funds to prevent military modernization programs from being jeopardized, Reuters reported Thursday.

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Defense Contractors will be Held to Higher Cyber Standards

Defense contractors will soon be held to the same cybersecurity standards that the Defense Department has implemented  in recent years, according to a top IT official at the Pentagon. “The cyberthreat is not going away; we have to defend our networks and systems, and you’re part of that defense,” acting …

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Exostar Gets Commitment From 4 Defense Contractors for Updated Risk Mgmt Service

TYSONS CORNER, VA, April 22, 2016 — Exostar has said BAE Systems, Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) have committed to deploy its updated risk management service for defense contractors, ExecutiveBiz reported Thursday. The update includes a questionnaire that works to help contractors cover all the security …

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Four Major Defense Contractors Report 3rd Quarter Earnings Growth

Four of the largest American defense contractors released third quarter financial results on Oct. 26, 2011. Lockheed Martin (NYSE: LMT) Northrop Grumman (NYSE: NOC) General Dynamics (NYSE: GD) Boeing (NYSE: BA) Lockheed Martin reported $665 million in earnings from continuing operations, an increase of 19 percent from the third quarter of …

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Forbes Raves About ‘Virginia Mecca’ of Defense Contractors

Forbes.com recently sought out to answer why northern Virginia has become the mecca for military contractors. The publication identifies the 1991 migration of General Dynamics from St. Louis to Falls Church, Va., as the start of a domino effect that has seen the majority of the 20 largest U.S. military contractors …

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Defense Contractors Share $600M Air Force Contract

General Dynamics Corporation, Northrop Grumman Corporation, and Ball Aerospace & Technologies Corporation have been awarded parts of a $600 million U.S. Air Force contract. The companies are expected to split the work on the National Air and Space Intelligence center’s advanced technical exploitation program.

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Navy Taps 4 Contractors to Help Develop Defense Readiness Support System

Four contractors will compete for task orders under a U.S. Navy contract to perform systems engineering and other technical support work on a Defense Department system intended to collect and report data on readiness. The Navy will award the orders under the potential five-year indefinite-delivery/indefinite-quantity contract that includes two option years, …

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14 Contractors Win Spots on $2.5B NAVFAC Southwest Construction IDIQ Vehicle

Construction project

The U.S. Navy has awarded 14 companies positions on a five-year, $2.5B indefinite-delivery/indefinite-quantity contract vehicle to build, renovate or repair facilities located at various government installations within Naval Facilities Engineering Systems Command's Southwest area of responsibility.

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McKinsey & Co.’s Eric Chewning, Frank Coleman: Defense Companies Should Take Programmatic Approach to M&A

Eric Chewning Partner McKinsey and Co.

Eric Chewning and Frank Coleman, partners at McKinsey & Co., wrote in a commentary published Monday on Defense News that contractors seeking to support the Department of Defense’s evolving mission requirements and create value in a challenging budget environment should take a programmatic approach to mergers and acquisitions

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Parsons Chairman, CEO Chuck Harrington Receives First Wash100 Award for Company Growth, Expanding Defense Work

Parsons Chairman

Executive Mosaic founder and CEO Jim Garrettson presented Chuck Harrington, chairman and CEO of Parsons, his first Wash100 Award on Friday. Harrington has received the award for his leadership and vision to grow Parsons through key acquisitions, contract awards and expanding work with U.S. defense customers. Most notably, Harrington helped orchestrate multiple contract awards in 2019. 

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