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Rick Wagner Appointed to ManTech SVP Post; Bill Varner Comments

Rick Wagner, formerly chief strategy officer at TASC, has been appointed senior vice president and general manager of ManTech International’s (Nasdaq: MANT) advanced technical solutions division. He will oversee ManTech’s work to develop cloud computing, big data, analytics and enterprise information technology systems for the intelligence community, the company said Wednesday. The division is …

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State Dept Clears $2B in Foreign Arms Sales With South Korea, Lebanon

The State Department has approved two separate foreign military sale agreements worth approximately $2.37 billion combined for South Korea to purchase the Aegis Combat System and Lebanon to buy A-29 Super Tucano aircraft. The Defense Security Cooperation Agency said Tuesday the principal contractors on the $1.91 billion Aegis sale to South Korea are Lockheed Martin (NYSE: LMT), …

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Reuters: Textron Interested in Merger With Sikorsky

United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary received a merger offer from Textron (NYSE: TXT) earlier this month, Reuters reported Tuesday. Reuters cites unnamed sources that say UTC is in the process of examining whether to spin off Sikorsky or merge the business with Textron through a tax-free transaction. …

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Reports: Germany to Purchase MEADS Missile Defense System for $4B

Germany has placed a potential $4.5 billion order for the Medium Extended Air Defense System made by Lockheed Martin (NYSE: LMT) and MBDA as part of efforts to update country’s missile defense system, Syracuse.com reported Monday. Mark Weiner writes that Lockheed’s plant in the Salina suburb of Syracuse, New York holds a $625 million share …

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June 8 Market Close: GovCon Index Dips, Transport Losses Weigh on US Markets

The GovCon Index retreated Monday with a decline of 0.462 points to close at 75.485. A 1.7-percent drop in the Dow’s transport segment sent U.S. stocks down during Friday’s session as investors continued to speculate on the timing of the Federal Reserve‘s next interest rate increase, according to CNBC. The …

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State Dept Approves $146M Lebanon Hellfire Missile Sale

The State Department has cleared a potential sale to Lebanon of $146 million in Lockheed Martin-built (NYSE: LMT) Hellfire II missiles and related components. The Defense Security Cooperation Agency said Thurday that Lebanon is buying 1, 000 AGM-114 missiles along with containers, spare and repair parts, support equipment, technical documentation …

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Stephanie Hill Seeks Out Industry for Early Start Versus STEM Talent Shortage

TYSONS CORNER, VA June 4, 2015 — ExecutiveBiz reported Wednesday on Lockheed Martin‘s (NYSE: LMT) Stephanie Hill urging industry leaders to do more to engage and encourage youngsters into taking up science, technology, engineering and mathematics subjects and considering STEM careers to help fill the burgeoning demand for STEM talent. “We …

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June 1: GovCon Index Rises, Stocks Gain on Manufacturing Data

The GovCon Index started the week with a close in positive territory — a gain of 2.498 points, or 3.361 percent, to end the day at 76.805. Rockwell Collins (NYSE: COL), the Iowa-based avionics maker, replaced the Exelis as an Index company Monday to maintain the number of listed companies at 30. U.S. stocks climbed after …

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Saft to Provide Specialty Batteries for Joint Light Tactical Vehicle

TYSONS CORNER, VA May 21, 2015 — ExecutiveBiz reported Wednesday on Saft’s selection as the Li-ion battery provider for Lockheed Martin’s (NYSE: LMT) Joint Light Tactical Vehicle program. Saft said Tuesday its selection for the production phase of the next-generation lightweight vehicles comes eight months after its completion of the production readiness …

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State Dept Clears $2B in Saudi MH-60R Helicopter, Turkey Phalanx Gun System Sales

The State Department has approved approximately $2.2 billion in requests from Saudi Arabia and Turkey to purchase military equipment from the U.S. under foreign military sales agreements. Saudi Arabia has asked the U.S. for $1.9 billion in MH-60R multimission helicopters, equipment and logistics services in a transaction that sees Sikorsky Aircraft and Lockheed Martin …

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