Raytheon (NYSE: RTN) has received a potential three-year, $270.5 million contract modification to bring the total value of its Standard Missile-6 contract with the U.S. Navy to $573.2 million. The Naval Sea Systems Command awarded the contract modification to exercise the fiscal 2016 option under the previousl...
Feb. 22 – Feb. 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among the large players the government services market have been well-documented in spaces such as these but the product makers in GovCon also have been in on the M&A deal action over t...
TYSONS CORNER, VA, February 26, 2016 ” Lockheed Martin (NYSE: LMT) currently works on the redesign of the U.S. Navy‘s Submarine Warfare Federated Tactical Systems installed on several submarine classes, ExecutiveBiz reported Thursday. The company said Tuesday it will perform work at its anti-submarine warfare laboratory in Virgi...
TYSONS CORNER, VA, February 26, 2016 ” ICF International (Nasdaq: ICFI) Chairman and CEO Sudhakar Kesavan will headline the CONNECTpreneur Spring Forum at the Falls Church Marriott Fairview Park conference center on March 1, GovCon Executive reported Thursday. The report said the event will bring together business leaders an...
TYSONS CORNER, VA, February 26, 2016 ” CGI (NYSE: GIB) will begin to offer insider threat advisory services in support of efforts to boost cybersecurity in the government and commercial sectors, ExecutiveBiz reported Thursday. The company said Wednesday customers have identified cybersecurity as a major concern as they move to transit...
TYSONS CORNER, VA, February 26, 2016 ” Raytheon (NYSE: RTN) has partnered with the ISC2 Foundation to launch a scholarship and internship program for female college students in the field of information technology security, GovCon Executive reported Thursday. The company said Thursday the program will offer $90, 000 over three years to drive int...
The team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will not pursue a legal challenge in federal claims court of the U.S. Air Force™s award of the Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC), Bloomberg reported Friday. Julie Johnsson writes the decision comes a week after the Government Accoun...
The State Department has approved Iraq’s request to buy $350 million in sustainment services for the country’s fleet of Beechcraft-built King Air 350 turboprop aircraft from the U.S. government through a foreign military sales agreement. Iraq requested a five-year sustainment package for one KA-350 transport plane and five...
General Atomics has agreed to acquire aerospace and defense technical services business Miltec from electronics manufacturing company Ducommun for approximately $14.6 million cash. The transaction is subject to customary closing terms and is intended to increase General Atomics’ technical expertise in developing small satellites, hyp...
Miranda Ashby, formerly senior director of federal sales at Cornerstone OnDemand, has joined cloud-based talent management software provider Acendre as senior vice president of federal sales. Ashby will work to support the company’s business development team to address the talent management needs of federal agencies, Acendre sai...
