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Raytheon Secures $450M Air Force Contract for Small Diameter Bomb II Engineering Change Proposal

Raytheon (NYSE: RTN) has received a potential seven-year, $450 million contract from the U.S. Air Force to apply an integrated engineering change proposal to the Small Diameter Bomb II weapon. The Defense Department said Wednesday the contract covers design, development, integration, test and production engineering to modify the SDB II technical and production baseline. …

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BAE Unit to Produce, Sustain Air Force Bomber Armament Tester Under $64M Contract

BAE Systems‘ information and electronic systems integration unit has received a $64.5 million contract to design, develop, manufacture and sustain an armament tester system for the U.S. Air Force‘s bomber aircraft fleet. The Defense Department said Wednesday the contractor will support the engineering and manufacturing development of 90 Bomber Armament Testers the Air Force …

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September 27th Market Close: GovConIndex Reaches New High, as Major Indices Close Up

The Executive Mosaic GovCon Index (GCI) reached a new high closing up 0.805 percent to 107.295. Advancing shares outpaced declining 3 to 1. The major indices moved upward on speculation that President Trump’s tax-cut plan could become a reality by year end. The S&P500 closed up 0.41 percent to 2,507.04, while the DJIA also closed up 0.25 percent …

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Former Leidos VP Phillip Mazzocco Joins Peraton as Chief Security Officer; Stu Shea Comments

Phillip Mazzocco, former vice president of sector security at Leidos (NYSE: LDOS), has joined Peraton as chief security officer at the Herndon, Virginia-based communications, space and technology services contractor. He previously led security operations for Leidos’ national security programs and a security team that supported the Defense Healthcare Management System modernization project, Peraton said Wednesday. “Phil …

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LANS Consortium Secures $65M DOE Los Alamos Natl Lab Support Extension

Los Alamos National Security has received a potential six-month, $65 million contract extension from the Energy Department to continue to perform environmental remediation work at the Los Alamos National Laboratory in New Mexico. The Los Alamos Legacy Cleanup Bridge Contract will run through March 31, 2018, and covers soil and water …

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Bernie Guerry Promoted to General Dynamics IT Segment COO; Amy Gilliland Comments

Bernie Guerry, an 11-year veteran of General Dynamics (NYSE: GD), has been promoted to chief operating officer of the Falls Church, Virginia-based defense contractor’s information technology division. He will directly report to Amy Gilliland, president of General Dynamics Information Technology, and continue to serve as senior vice president and general …

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AECOM-Led JV Gets $928M DOE Contract Extension for Nuclear Waste Repository Operations; John Vollmer Comments

A joint venture led by AECOM (NYSE: ACM) has received a three-year, $928 million contract extension from the Energy Department to oversee the Waste Isolation Pilot Plant in New Mexico. Nuclear Waste Partnership will continue to operate and manage the WIPP underground repository built to dispose of transuranic radioactive waste materials, AECOM said Tuesday. …

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Versar OKs Acquisition Offer From Kingswood Capital Management

Versar has agreed to be purchased by affiliates of Los Angeles-based private equity firm Kingswood Capital Management through a cash tender offer. Kingswood agreed to buy all outstanding shares of stock in the Springfield, Virginia-based project management company for 15 cents per share and begin the cash tender offer no …

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Northrop Appoints Kathy Warden COO, 3 Corporate VPs in Series of Exec Moves

Northrop Grumman (NYSE: NOC) has made a series of leadership changes after Chief Operating Officer Gloria Flach and Sid Ashworth, corporate vice president for government relations, announced plans to retire by the end of December. Kathy Warden, corporate VP and president of Northrop’s mission systems business, will transition to new …

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September 26th Market Close: GovConIndex Closes Up While Major Indices Close Mixed

The Executive Mosaic GovCon Index (GCI) closed up 0.478 percent to 106.661. Advancing shares outpaced declining 3 to 1. The major indices barely changed on the day as Janet Yellen gave a caution to tightening monetary too gradually. The S&P500 closed at 2,496.84 up 0.01 percent, while the DJIA fell 0.05 percent to 22,284.32, and …

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