TYSONS CORNER, VA, Aug. 24, 2016 ” Boeing (NYSE: BA) has provided an Apache Longbow Crew Trainer to South Korea as part of a $1.6 billion contract to supply 36 attack helicopters and support services to the country’s army, ExecutiveBiz reported Tuesday. The Longbow Crew Trainer employs flight simulation techn...
Thomas “Tom” Roell, vice chairman and chief risk adviser at Parsons Corp., has been appointed interim president of the Pasadena, California-based engineering and construction services contractor’s federal business unit and will maintain his other current roles for the company. Parsons said Wednesday Roell will continue to be b...
BAE Systems PLC Chief Operating Officer Charles Woodburn will start a series of meetings with clients and suppliers sometime in October or November as part of preparations to succeed Ian King as CEO of the British defense contractor, Bloomberg reported Wednesday. Benjamin Katz and David Hellier report that Woo...
Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumm...
TYSONS CORNER, VA, Aug. 23, 2016 ” Jason Kimrey, federal area director at Intel (Nasdaq: INTC), has said the company seeks to actively engage with federal customers in the high-performance computing and cybersecurity technology areas, ExecutiveBiz reported Thursday. “It is going to take targeted partnerships and collaboration with g...
The U.S. Army has awarded a $154 million contract to General Electric‘s (NYSE: GE) aviation segment and a $102 million contract to Advanced Turbine Engine Co. to conduct preliminary design reviews for an updated helicopter turbine engine technology. The Defense Department said Monday the compan...
Craig McKinley, president and CEO of the National Defense Industrial Association, plans to retire by Dec. 31 after a two-year term as the trade group’s leader. NDIA said Monday he has led the association’s efforts to develop a new strategic direction and establish relationships with government, corporate and academic stakehold...
Executive Mosaic’s GovCon Index recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets as speculation over the next interest rate hike continued to dominate investors’ attention. GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of t...
TYSONS CORNER, VA, Aug. 22, 2016 ” Cameron Chehreh, chief technology officer at Dell‘s federal business, has stated that the structure of legacy software for off-the-shelf government products poses the biggest challenge to the information technology modernization efforts of the government, Executive Gov reported Wednesday. Chere...
TYSONS CORNER, VA, Aug. 22, 2016 ” The U.S. Army has awarded a Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) joint venture a potential $38.4 million contract to deliver radar electronic units for the service branch’s lot 7 AH-64 Apache attack helicopters, ExecutiveBiz reported Friday. Longbow LLC is set to pe...
