The U.S. Air Force has awarded Kratos Defense & Security Solutions (Nasdaq: KTOS) a potential six-year, $37 million contract to provide logistics and repair services for the military branch’s subscale aerial target system. Kratos said Monday it will also supply consumable and peculiar reparable spares for BQM-167A fligh...
TYSONS CORNER, VA, February 22, 2016 ” TeleCommunication Systems (Nasdaq: TSYS) has expanded the coverage of its text-to-911 public safety messaging service to at least 700 answering points across 38 U.S. states and territories, ExecutiveBiz reported Friday. TCS said Thursday it targets 100 million wireless subscribers to the ser...
TYSONS CORNER, VA, February 22, 2016 ” Raytheon (NYSE: RTN) will likely hold the prime role in a teaming agreement with CAE (NYSE: CAE) and Alenia Aermacchi to pursue the U.S. Air Force‘s T-X pilot trainer contract, ExecutiveBiz reported Friday. Defense News reported Tuesday Raytheon will replace General Dynamics (NYSE...
TYSONS CORNER, VA, February 22, 2016 ” Tony Frazier, senior vice president of government solutions at DigitalGlobe (NYSE: DGI), has said the company uses deep-learning and crowdsourcing tools to analyze satellite imagery, ExecutiveBiz reported Thursday. GCN reported Wednesday that Frazier has pointed to MrGeo, NVIDIA graphics process...
TYSONS CORNER, VA, February 22, 2016 ” Iridium Communications (Nasdaq: IRDM) will help update the Defense Department‘s network gateway under an $8.57 million task order from the Defense Information Systems Agency, ExecutiveBiz reported Thursday. The company said Thursday the award works to provide distributed tactical commu...
TYSONS CORNER, VA, February 22, 2016 ” Keith Salisbury, vice president for U.S. federal sales at Pivotal Software, has said modern “cloud-native” applications work to help transform federal IT amid the current budget environment. Salisbury wrote in a guest piece posted Wednesday on ExecutiveBiz that while government has mirrored the...
A team comprising ManTech International (Nasdaq: MANT) and Jadwalean International Operations & Management Co. has been awarded a potential five-year, $175 million contract to provide F-15 fleet advisory and technical support services to Saudi Arabia. The companies will deploy personnel in Saudi Arabia to support the country’s F-15 sy...
CAE (NYSE: CAE) has agreed to acquire the commercial aviation training business of Lockheed Martin (NYSE: LMT) for an undisclosed sum with no timeframe given for the transaction’s projected closure. Montreal-based CAE said Monday said it seeks to expand its customer-installed base of commercial flight si...
Cubic has been awarded $44 million in contracts to provide tactical engagement simulation systems to the U.S. Army for use in training exercise scenarios. The company said Monday it will produce instrumentable-multiple integrated laser engagement system individual weapon systems for the Army™s program executive office for simulation, train...
The GovCon Index closed Friday with a gain of 0.066 percent to 71.436. Both the Dow Jones Industrial Average and S&P 500 saw slight declines following another oil price drop, while the Nasdaq Composite received a boost from Applied Materials (Nasdaq: AMAT) and technology stocks to end the day in the positive. Top GovCo...
