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MTSI to Provide Engineering Support for MDA Ballistic Missile Defense System Under $89M Contract

Modern Technology Solutions Inc. has won a one-year, $88.7 million contract from the Missile Defense Agency to provide specialty engineering advisory and assistance services for the Ballistic Missile Defense System. The Defense Department said Thursday MTSI will help MDA engineer sensor, directed energy and space systems as well as support BMDS …

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VT Group Appoints Alicia Townes as SVP, CFO

Alicia Townes, formerly vice president and corporate controller of Vistronix, has joined defense technology firm VT Group as senior vice president and chief financial officer. VT Group said Friday Townes joins the company’s executive leadership team that aims to drive strategic growth and development efforts. Her appointment comes six weeks after VT …

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October 30th Market Close: GovConIndex and Major Indices Close Down

The Executive Mosaic GovCon Index (GCI) continued to drop for the sixth consecutive day to close at 107.751 off 0.672 percent. Declining shares outpaced advancing 3 to 1. The three major indices all declined for the day. The S&P500 closed down 0.32 percent to 2,572.83, while the DJIA closed at 23,348.74 a negative …

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CACI Wins $91M Army Airborne ISR Tech Support Order; Ken Asbury Comments

CACI International (NYSE: CACI) has won a potential four-year, $91 million task order to help a U.S. Army organization research, develop and evaluate airborne intelligence systems. The company said Monday it will assist the Flight Activity of the Army’s Communications-Electronics Research, Development and Engineering Center in efforts to maintain, integrate, operate and provide …

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Michael Strianese: L3 Evaluates ‘Strategic Options’ for Vertex Aerospace Business

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement …

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Raytheon Gets $1.5B MDA Follow-On IDIQ to Continue Support for Ballistic Missile Radar Platforms

Raytheon (NYSE: RTN) has received a potential $1.5 billion indefinite-delivery/indefinite-quantity contract to help the Missile Defense Agency operate and maintain two kinds of ballistic missile radar technology. The Defense Department said Friday Raytheon’s integrated defense systems unit will continue to provide logistics support, transition and transfer, depot transition and sustaining engineering services for …

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Iridium Announces Q3 2017 Govt Services Revenue, Subscribers; Matt Desch Comments

Iridium Communications (Nasdaq: IRDM) recorded $22 million in government service revenue with 95,000 government subscribers during the third quarter of 2017. Iridium said Thursday government data and voice subscribers rose 14 percent to 40,000 during the third quarter ended Sept. 30, compared with the same period last year. The McLean, …

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General Dynamics to Supply Iraq Insensitive Munitions, Cartridges Under $93M Army FMS Contract

General Dynamics (NYSE: GD) has received a potential five-year, $93 million foreign military sales contract from the U.S. Army to provide 120mm insensitive munition high-explosives along with tracer tank ammunition cartridges to Iraq. The Defense Department said Friday the Army Contracting Command received one bid for the firm-fixed-price contract and will …

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Highlights: The Bridge on October 29th – Discussion on Technology Advancement And Interview With Letitia (Tish) Long

On October 29th at 11 am on WJLA; and 6PM on News Channel 8 Jim McCarthy the host of The Bridge was joined by Dan Mindus, Managing Partner, NextGen Venture Partners and Seth Demsey, Co-Founder, 300 Qubits – for a discussion about the advance of technology, and the hopes and concerns accompanying …

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October 30th Morning Report: GovCon Index Down For The Week, Stock Market Up

The Executive Mosaic GovCon Index (GCI) closed Friday down 1.62 points or 1.47 percent from Monday’s open, settling at 108.162. McKesson Corp. was down 5.52 percent for the day at Friday’s close. The three major indices all advanced Friday with the S&P500 and NASDAQ Composite reaching new highs. The S&P500 closed up 0.81 …

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