News

Kenneth Saenz, formerly a principal at Booz Allen Hamilton (NYSE: BAH), has been named an executive vice president of management and technology services contractor Allegheny Science & Technology. He will oversee energy market-related programs and help AST identify capability areas to deliver program management support and technologies to industry and …

Leonardo DRS has wrapped up its acquisition of quantum cascade laser platforms manufacturer Daylight Solutions for approximately $150 million. The transaction received regulatory approvals and clearance from Daylight Solutions’ stockholders, Leonardo said Monday. Leonardo DRS agreed to purchase 100 percent equity stake in Daylight Solutions in March in a move …

Raytheon (NYSE: RTN) has secured a $90.8 million contract to refurbish components on the U.S. Navy‘s fleet of F/A-18 Hornet multirole aircraft. The Defense Department said Tuesday that Raytheon will provide 206 retrofit components and four validation and verification kits for F/A-18 Configuration D as part of three engineering change proposals. Hornet fighter jets are …

Arcturus UAV has won a spot under a potential five-year, $475 million contract from the U.S. Special Operations Command to provide intelligence, surveillance and reconnaissance support for mid-endurance unmanned aircraft systems. The Defense Department said Tuesday the contract has four one-year ordering periods followed by one six-month ordering period. Boeing‘s (NYSE: …

The U.S. Air Force has awarded Infoscitex a four-year, $70 million contract modification to support the military branch’s aerospace technology and simulation-based research and development efforts. Infoscitex will provide R&D services in areas such as flight control laws, cooperative control autonomy, vehicle integrity management and automation, the Defense Department said Tuesday. The company …

The Executive Mosaic GovCon Index closed down for the second day to 94.474 off 0.624 percent. Decliners outpaced advancers 4 to 1. The major indices all closed down with the S&P500 and DJIA continuing their slide from 6/19. The NASDAQ continuing it’s downward trend from 6/23. Markets showed hesitancy over Republicans slow …

Hitachi Data Systems‘ federal business has entered into a definitive agreement to accept the transfer and control of some of Brocade Communications Systems‘ (Nasdaq: BRCD) federal service maintenance contracts and other cleared assets. HDS Federal said Tuesday it will gain Brocade’s portfolio of U.S. federal data center networking, campus/edge networking and storage area …

The State Department has approved Australia’s request to buy up to five units of modified Gulfstream G550 aircraft from the U.S. under a potential $1.3 billion foreign military sales agreement. Australia seeks to procure Gulfstream G550 planes that have been modified to integrate airborne intelligence, surveillance, reconnaissance and electronic warfare mission systems as well …

The State Department has cleared a potential $366.2 million foreign military sale of a Boeing-built (NYSE: BA) transport aircraft, equipment and support services to India. India ordered an additional C-17 Globemaster III aircraft equipped with four turbofan F-117-PW-100 engines, one AN/AAR-47 missile warning system and one AN/APX-119 identification “friend or foe” transponder, …

The Department of Defense is asking for $42.5 billion in IT funding, a 5.3 percent increase over last year. From that top line number, $9.3 billion is reserved for classified investments and expenses, with $33.2 billion going to unclassified investments and expenses, according to  documents from the department’s comptroller reveal. …