The State Department has approved a request from South Korea to procure items intended to enhance its fleet of KDX-II destroyers. The potential foreign military sale, valued at an estimated $300 million, also covers related logistics supporting the nation’s KDX-II Class Destroyers Product Improvement Program, the Defense Security Cooperation ...
Mike Bosco holds more than 20 years of military and intelligence experience, but he ended up in government contracting somewhat by chance. Upon retiring from the military in 2012, he was intent on transitioning to federal civilian work, maybe in the Intelligence Community. However, perhaps surprisingly, it takes extensive time and enduring a lot of...
The State Department has approved the government of Kuwait’s request to purchase maintenance, repair and sustainment services and military equipment for an estimated cost of $300 million. The Defense Security Cooperation Agency said Tuesday BAE Systems, U.S. Ordnance, DRS Technologies, L3Harris Technologies, Northrop Grumman and RTX will ser...
Executive Mosaic’s GovCon Index ended positive after the Thanksgiving break, rising 0.5% to $5,203.60. While it was a modest 0.18% week-on-week loss from Nov. 25-29, it was the third-straight monthly loss for the index tracking the stock performances of 30 major government contractors. Its last winning month was August. Wall Street added month-end...
The South Korean government has secured approval from the U.S. Department of State to purchase F-15K aircraft upgrade and logistics support for an estimated cost of $6.2 billion. The Defense Security Cooperation Agency said Tuesday Boeing, BAE Systems and Raytheon Technologies will serve as primary contractors for the proposed foreign military sale....
Invisible Technologies has appointed Wes Green, a 28-year defense and national security market veteran, as senior vice president to lead its newly launched global public sector operations. The company said Thursday Green will oversee Invisible’s collaboration efforts with federal agencies and technical staff through the global public sector segmen...
The Department of Homeland Security’s Federal Emergency Management Agency plans to launch a competition for a follow-on contract to continue providing operations portfolio sustainment and enhancement support to help keep FEMA’s information systems available and operational. According to a notice published Thursday on the Acquisition Planning For...
Kapil Wadhera has been at Intel for over 35 years and has gained a breadth of experience from across the company — from chip design to marketing, sales to general management. Given his wide-ranging expertise, he was an obvious choice to lead one of the key Intel Foundry efforts. This initiative was created in response...
Marisa Andrews, a veteran capture and business development professional, has been appointed chief growth officer for federal at Acuity International. The company said Wednesday Andrews will spearhead the company’s growth strategy leveraging her vast experience in capture management to acquire and maintain new business opportunities acros...
A Department of Defense report has found that defense spending in fiscal year 2023 in all 50 states and Washington, D.C., including DOD contract obligations, payroll spending and grant awards, totaled $609.2 billion, reflecting a $50.5 billion increase from the previous fiscal year and accounting for 2.2 percent of the U.S. gross domestic product. D...
