Processing....
Spirit AeroSystems (NYSE: SPR) has agreed to buy Asco Industries™ Belgium-based parent company, S.R.I.F., for approximately $650 million in cash. Wichita, Kan.-based Spirit said Wednesday it expects to use new debt to fund the transaction that is scheduled to conclude in the second half of 2018, pending regulatory clearances and other customary...
The State Department has given Germany the green light to procure four Northrop Grumman-built (NYSE: NOC) MQ-4C Triton unmanned aircraft systems from the U.S. government through a potential $2.5 billion foreign military sales agreement. Northrop and Airbus™ defense and space business will serve as prime contractors in the proposed FMS deal in s...
Weekly Roundup March 12 – March 16, 2018 Click here to see Real-Time GovCon Sector Quotes Wash100 Update & Recent Contract Activity Jim Garrettson, Executive Mosaic CEO The popular vote for the Wash100 continues this week! Turn out has been fantastic since the Wash100 popular vote polls opened on January 25th. Please visit the Wa...
Canada has named five aerospace companies that have been asked to participate in a potential $15 billion competition to produce 88 new fighter planes, Defense News reported Friday. Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), Airbus, Dassault and Saab have been included in a list of approved suppliers that will be invited to submit proposals...
Weekly Roundup December 18 – December 22 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This month there was a significant amount of year-end contract activity in the GovCon marketplace. Foreign nations announced their intent to purchase military vehicles and the commencement o...
BAE Systems has secured a potential $6.69 billion contract to supply Qatar’s air force with 24 Eurofighter Typhoon multirole fighter jets. The company said Sunday it expects to start deliveries in late 2022 and will also provide in-service support and initial training services as a prime contractor on the contract. A consor...
Weekly Roundup December 4 – December 8 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson In recent weeks the GovCon industry has experienced multiple significant executive shifts that are sure to leave an impact on the industry as a whole. Recent executive moves include:...
Paul Eremenko, formerly chief technology officer at Airbus, will join United Technologies Corp. (NYSE: UTX) to serve as a senior vice president and CTO starting Jan. 1. He will succeed the retiring J. Michael McQuade and directly report to Greg Hayes, UTC chairman and CEO, the company said Thursday. Eremenko will oversee the Farmington, Connect...
BAE Systems has announced plans to eliminate its U.K. and international platforms and services operating groups as part of a reorganization effort that will take effect on Jan. 1. The company said Tuesday it will consolidate its military air and information business, its interest in the MBDA joint venture as well as its Australia, Oman...
Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said UTC™s move to acquire Rockwell Collins (NYSE: COL) under an estimated $30 billion deal seeks to advance the development of digital platforms for the aviation sector, Reuters reported Tuesday. Hayes told Reuters the proposed acquisition also aims to facilitate the ...
