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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...
Ron Davis, a cybersecurity and information assurance professional, has been appointed vice president and chief information security officer at ASRC Federal, the company announced via LinkedIn Tuesday. Davis will spearhead the company’s information, technology and cybersecurity efforts, according to ASRC Federal. His responsibilities will inc...
G. Maliek Ferebee, a human resources professional with nearly 25 years of industry experience, has been named chief human capital officer at BlueHalo. The aerospace and defense contractor said Monday Ferebee will supervise its HR operations. He will be responsible for developing a talent pool of professionals with a focus on diversity, equ...
Michael Smith, former Lockheed Martin (NYSE: LMT) vice president, was appointed president and CEO of Hanwha Defense USA. The company said in a LinkedIn announcement Monday that Smith brings to HDUSA more than two decades of experience in the aerospace and defense sector and will replace outgoing CEO John Kelly. Smith previously held senior leadershi...
Tom Reynolds has been selected as the new chief strategy officer of Seasats, a company that specializes in autonomous surface vessels. Seasats announced the move in a LinkedIn post shared Tuesday. An experienced industry executive, Reynolds previously worked at HII (NYSE: HII). He was the senior director of business development for unmanne...
A General Dynamics (NYSE: GD) subsidiary has secured a potential $1.3 billion contract modification from the U.S. Navy to provide long lead time materials to support the construction of Virginia-class Block VI submarines. The Department of Defense said Monday General Dynamics Electric Boat will perform work in California, New Jersey, Illinois, Color...
Eleven companies were selected by the U.S. Navy for the procurement of machinery and systems services for naval vessels and land-based sites. The Department of Defense said Thursday the vendors secured spots on the indefinite-delivery/indefinite-quantity contract with a combined value of $496.1 million. The contract covers the procurement of h...
Max Montague, formerly a senior director at Parsons, has been appointed vice president of defense and intelligence for cyber and national operations at the Virginia-based information technology provider, according to his LinkedIn announcement. Montague was elevated to the role after serving as a senior director at Parsons since 2022. He joined the c...
Executive Mosaic’s GovCon Index dropped 0.42% to $4,886.91 on June 14, ending lower before the weekend and losing 1.34% overall week-on-week. The index, which tracks the stock performances of 30 major government contractors, has never posted a winning week since May 31. Meanwhile, the Nasdaq Composite (+3.2%) and S&P 500 (+1.6%) had significan...
Rancher Government Solutions CEO Paul Smith recently accepted his 2024 Wash100 Award during a meeting with Executive Mosaic CEO Jim Garrettson, who founded the esteemed recognition. The coveted Wash100 Award is the most sought after recognition for government contracting industry executives. To choose its winners, Wash100 carefully examines the i...
