Executive Mosaic’s GovCon Index had a weak start in August, evidenced by losses in the first seven trading days. Still, the index tracking the stock performances of 30 major government contractors recovered from the slump to register a second straight winning week this month. After alternating between gains and losses during the week and...
The FBI is seeking proposals for a potential $400 million indefinite-delivery/indefinite-quantity contract for enterprise facilities operation and maintenance support. According to a solicitation notice posted on SAM.gov, the bureau will choose a vendor that will provide personnel, equipment, supplies, transportation, tools, materials, supervision a...
The State Department gave the green light for a potential $405 million foreign military sale to the government of Norway of Advanced Medium Range Air-to-Air Missiles–Extended Range and related equipment. The Defense Security Cooperation Agency said Thursday the possible deal, which will have RTX (NYSE: RTX) as the principal con...
The State Department has approved Romania’s request to purchase AIM-120 Advanced Medium Range Air-to-Air Missiles and related equipment. The Defense Security Cooperation Agency said Thursday it has notified Congress of the possible $592 million foreign military sale, under which RTX (NYSE: RTX) will serve as the principal contractor.&nbs...
Tom Lash assumed his current role as CEO of Vibrint in February 2023, bringing three decades of experience in the technology sector and a long history of serving national security and intelligence-focused clients to the company. At Vibrint, he is responsible for driving innovation and cultivating technology partnerships to advance the company’s gr...
Dave Gore has joined General Dynamics’ (NYSE: GD) information technology business as vice president of growth within the subsidiary’s intelligence and homeland security division. Aaron Bedrowsky, senior VP of IHS at General Dynamics IT, said in a LinkedIn post Monday that Gore’s leadership experience will be instrumental to t...
Red River has appointed James Matney, a 35-year military and federal government contracting industry executive, as senior vice president of solutions and chief technology officer of its government technology services business unit. The company said Tuesday Matney will oversee innovation efforts and develop new products to help expand the GTS unit’...
The State Department has approved South Korea’s request to purchase up to 36 AH-64E Apache helicopters from the U.S. government. The Defense Security Cooperation Agency said Monday the proposed foreign military sale is valued at around $3.5 billion and includes 76 T700-GE-701D engines, 36 AN/ASQ-170 modernized target acquisition and designation si...
A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
The State Department has approved the potential $3.5 billion sale of up to 36 AH-64E Apache helicopters to the Republic of Korea. Boeing and Lockheed Martin (NYSE: LMT) will serve as the principal contractors for the proposed foreign military sale, which also includes engines, fire control radars, missiles, missile warning systems, logistics and eng...
