Search Results for: BAE

State Dept Clears US’ $130M Lockheed F-16 Upgrade Deal with Singapore

Lockheed Martin (NYSE: LMT) will modernize Singapore’s F-16 Block 52 aircraft fleet after the State Department approved a potential $130 million foreign military sales agreement. The proposed FMS deal covers overhaul work on 60 F-16C/D/D+ planes and associated technology such joint helmet-mounted cueing systems, friend or foe devices, global positioning and inertial …

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Don Maclean Joins DLT as Chief Cybersecurity Technologist

Don Maclean, a more than 20-year government information technology security veteran, has been named chief cybersecurity technologist at DLT Solutions. He will be responsible for helping the company grow its portfolio of technology offerings designed to secure IT systems, DLT said Thursday. Maclean joined the company after five years at …

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April 29 Market Close: GovCon Index Falls, Economic Growth Report Sends Stocks Down

The GovCon Index mirrored across-the-board losses in U.S. stock markets Wednesday with a decline of 0.678 points to end the day at 74.831. General Dynamics (NYSE: GD), the index’s biggest gainer, saw its stock price jump 3.78 percent after the company reported a 7-percent increase in first quarter 2015 revenue from …

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April 27 Morning Report: GovCon Index Down on Friday’s Close

The GovCon Index closed down 0.238 points at 75.901 on Friday. The Dow Jones Industrial Average rose 21.45 points to 18, 080.14, the Standard & Poor’s 500 composite index climbed 4.77 points to 2, 117.70 and the NASDAQ composite index gained 36.02 points to 5, 092.08. Top Percentage Gainers   Company   Stock Price   $ Change   % …

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April 24 Market Close: GovCon Index Dips, Tech Earnings News Lifts US Stocks

The GovCon Index fell for the second consecutive day Friday to close down 0.238 points at 75.901 and end the week with a 1.16 percent gain from the previous five-day trading period. Corporate financial reports from Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG) and Amazon.com (NASDAQ: AMZN) helped send U.S. markets into nominal positive territory despite continued concern …

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Navy Awards 13 Companies Spots on $49M ISR R&D Support Contract

The U.S. Navy has selected 13 companies as contractors on its five-year, $49 million indefinite-delivery/indefinite-quantity contract to support the service’s research and development work on intelligence, surveillance and reconnaissance systems. The Defense Department said Tuesday the vendors will perform work at locations in Maryland, Massachusetts, New Jersey, New York, Ohio, South …

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April 8 Market Close: GovCon Index Up, Markets Flunctuate as Fed Minutes Show Split Over Rate Hike

The GovCon Index closed up Wednesday with a gain of 0.293 points to 69.277 on a day that saw U.S. stocks fluctuate after the release of the Federal Reserve‘s March meeting minutes. Those minutes indicate a split in the Federal Open Market Committee’s membership over when the central bank would raise interest …

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Air Force NETCENTS-2 Application Services IDIQ Grows to 20 Awardees

The U.S. Air Force has added 10 companies to a potential 10-year, $960 million contract vehicle for application services under the service branch’s Network-Centric Solutions-2 initiative, the Defense Department said Tuesday. Twenty companies in total will compete for sustainment, integration, migration, training, testing and operational and help desk support work through the …

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Stephen Metz Joins American Systems as Navy Program VP, Executive Director; Peter Smith Comments

Stephen Metz, a 31-year U.S. Navy veteran, has been named vice president and executive director of Navy programs at American Systems. He succeeds the retiring Steve Bonwich and will oversee the company’s business units that provide support work across the Department of the Navy in his new position, American Systems …

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Defense News: General Dynamics Ends Prime Role on Air Force T-X Trainer Program Pursuit

General Dynamics (NYSE: GD) has decided to abandon the company’s pursuit for the U.S. Air Force’s T-X trainer replacement program as a prime contractor, Defense News reported Thursday. The company told the publication it made the decision after the information systems and technology group’s reorganization, which completed in January. Alenia Aermacchi originally partnered with …

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