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...
Michael Grasso, a 35-year veteran and former vice president of government relations at Lockheed Martin (NYSE: LMT), has joined Engility (NYSE: EGL) as senior vice president of business development and strategic planning for the government services contractor. Engility said Monday he will report directly to CEO Lynn...
Randy Wood, vice president of federal sales at application delivery networking platforms provider F5 Networks (Nasdaq: FFIV), has said federal information technology leaders should prioritize security at the application level in order to protect networks from cyber threats. Wood wrote that there are three principles in application security that fede...
August 15 – August 19 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The long-awaited, much-anticipated and well-documented merger of Leidos into the now former Lockheed Martin information technology and technical services business completed on Tuesday. As i...
TYSONS CORNER, VA, Aug. 19, 2016 ” Leidos (NYSE: LDOS) has added Gregory Dahlberg, Surya Mohapatra and Susan Stalnecker to its board of directors as the company closes its $5 billion merger with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions segment, GovCon Executive reported Wednesday. The appointments bring ...
TYSONS CORNER, VA, Aug. 19, 2016 ” A Dell-sponsored study by PSB has found that 70 percent of federal information technology decision-makers revealed their agencies still rely on legacy computer systems while more than 50 percent still use obsolete operating systems, ExecutiveBiz reported Wednesday. Dell said Tuesday the&nbs...
Boeing (NYSE: BA) has been awarded a potential two-year, $2.81 billion contract modification to deliver a total of 19 KC-46A Pegasus low-rate initial production aircraft to the U.S. Air Force. The service branch made the award for the first two LRIP lots after the aircraft received Milestone C approval from the Defense Department on Aug. 1...
The U.S. Air Force has awarded five companies positions on a potential three-year, $78.4 million contract to provide information technology support for the military branch’s weapons and command, control, communications, computers and intelligence systems. The Defense Department said Thursday the indefinite-delivery/indefini...
