An official with Boeing (NYSE: BA) said the company plans to make smaller bolt-on acquisitions in the services sector in an effort to increase revenue of the firm™s defense, space and security business, Bloomberg reported Monday. Leanne Caret, CEO of Boeing™s defense, space and security business, said Boeing plans to expand its presence in...
Marisa Daley, formerly executive vice president of corporate business development at MIL Corp., has been promoted to chief operating officer at the Bowie, Maryland-based government services contractor. Daley will report to CEO Maurice Long Jr. and will be responsible for the company™s business strategy, operations and human resource functi...
Michael Fey, president and chief operating officer at Sunnyvale, California-based security and network technology provider Blue Coat, will serve in the same roles at Symantec (Nasdaq: SYMC) upon completion of the latter company™s acquisition of Blue Coat. Symantec said Monday Fey will report to the incoming Symantec CEO Greg Clar...
Executive Mosaic’s GovCon Index closed above 81 points for the first time Monday as the S&P 500 composite index ended at a new record high as investors sought to carry Friday’s rally after the pre-market June jobs report then. The GovCon Index gained 0.293 points to 81.106 as seven of the 30 stocks hit n...
TYSONS CORNER, VA, July 11, 2016 ” Raytheon (NYSE: RTN) and General Atomics have partnered to integrate the former’s Advanced Radar Detection System with the latter’s Predator B/MQ-9 Reaper remotely piloted aircraft, ExecutiveBiz reported Friday. General Atomics said Thursday the integration of the radar detection tec...
TYSONS CORNER, VA, July 11, 2016 ” CAE (NYSE: CAE) will supply flight simulation equipment and provide training support to the U.K. and Canadian military under separate contracts from Lockheed Martin (NYSE: LMT) and a subsidiary of L-3 Communications (NYSE: LLL), ExecutiveBiz reported Thursday. Lockheed chose CAE to provide flight training devi...
TYSONS CORNER, VA, July 11, 2016 ” Engility (NYSE: EGL) will provide technical support for the U.S. Navy‘s flight clearance and aircraft worthiness efforts under a $38 million contract, ExecutiveBiz reported Thursday. The company said Thursday the contract from the Naval Air Systems Command‘s Airworthiness Office and CYBER...
The U.K. government and Boeing (NYSE:BA) have announced a set of defense-related pacts that cover sales of maritime patrol aircraft and attack helicopters to the country’s military, added research-and-development spending and initiatives to create new aerospace jobs in Britain. In a series of statements Monday, the U.K.’s defen...
Chris Hetmanski, a more than 20-year satellite and telecommunications industry veteran, has joined UltiSat as chief technology officer of the Gaithersburg, Maryland-based managed network services provider Ultisat said Thursday he will oversee development of the company’s end-to-end technology and service offerings for custo...
Executive Mosaic’s GovCon Index broke the 80-point barrier Friday for the first time in a month as the S&P 500 composite index briefly traded above a new record close in afternoon activity after the June jobs report soared past economists’ expectations. The GovCon Index closed up 1.579 percent to 80.813 and ended the week at a...
