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State Dept Clears $3B Poseidon Aircraft, Equipment Sale to U.K.

The State Department has cleared a potential $3.2 billion foreign military sales agreement for the U.K. to procure Boeing-built (NYSE: BA) P-8A maritime surveillance planes and related equipment and support services from the U.S. The U.K. ordered nine Poseidons in an effort to supplement patrol and reconnaissance missions of the British military and …

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KKR to Purchase Airbus’ Defense Electronics Business for $1.24B

New York City-based private equity firm Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) has agreed to acquire the defense electronics business of global aerospace and defense contractor Airbus Group for approximately $1.24 billion. Airbus said Friday the transaction is scheduled to close in the first quarter of 2017 and that it may control a …

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Joseph Battaglia to Retire as Telephonics President, Kevin McSweeney Named Successor

Joseph Battaglia, president of military communications and sensor systems maker Telephonics, plans to retire on Sept. 30 after 21 years of leadership at the surveillance and communication systems provider. Telephonics’ parent company Griffon (NYSE: GFF) said Tuesday that Kevin McSweeney, executive vice president and chief operating officer of the subsidiary, will succeed Battaglia after he steps …

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Ryan Marsden Named WBB Finance VP; Wayne Wilkinson Comments

Ryan Marsden, formerly director of program control at Whitney, Bradley & Brown, has been promoted to vice president of finance at WBB. Marsden will oversee the company’s financial planning, reporting and program control, WBB said Monday. “Since Ryan joined us two years ago, he has built the program control office …

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March 15 Market Close: GovCon Index Posts Loss, US Markets Hedge Ahead of Fed Statement

The GovCon Index traded in negative territory throughout the session Tuesday and closed at a decline of 0.355 points to 73.388 as U.S. stocks also held marginally downward ahead of the scheduled Wednesday afternoon statement from Federal Reserve policymakers when their two-day meeting concludes. Index stock Vectrus (NYSE: VEC), a Colorado Springs-based government technology …

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Steve Fendley Appointed Kratos CTO for Composite Engineering Unit

Kratos Defense & Security Solutions (Nasdaq: KTOS) has appointed Steve Fendley as senior vice president and general manager/chief technology officer for the Composite Engineering Inc. business unit of the company’s unmanned systems division. Kratos said Thursday Fendley will oversee CEi business and manage the expansion of the unit’s drone systems and …

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March 8 Market Close: GovCon Index Falls as ICF & Navistar Earnings Misses Weigh

The GovCon Index held lower throughout the trading session Tuesday and closed at a decline of 1.071 percent to 72.599 on earnings misses from two GCI stocks and investor reaction to oil price declines and new trade data out of China. ICF International (Nasdaq: ICFI) dropped 8.37 percent a day after the consulting …

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State Dept OKs $225M UAE Request for C-17 IR Countermeasures, Logistics Services

The State Department has cleared a potential $225 million foreign military sale of Large Aircraft Infrared Countermeasure systems and logistics support for the United Arab Emirates’ C-17 military transport planes. Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) will act as principal contractors for the sale,  the Defense Security Cooperation Agency said Wednesday. The deal covers eight Globemaster III AN/AAQ-24 …

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Weekly Roundup Feb. 16 – Feb. 19 2016: The M&A Deal Leaders in 2016’s Wash100 & more

Feb. 16 – Feb. 19 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Over the past two weeks here, we have taken different looks at Executive Mosaic’s 2016 Wash100 list of the government contracting arena’s most influential voices and pulled out some similarities between …

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February 18 Market Close: GovCon Index Inches Up, Holds in Correction as US Stocks Decline

The GovCon Index barely held positive territory in a narrow final hour of trade Thursday to record a nominal gain of 0.041 points to 71.389 Thursday and remain in a correction for the seventh consecutive day, or 10 percent down from its most recent high on Dec. 1. ManTech International (Nasdaq: …

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