Sam Maness, managing director of Raymond James’ Defense and Government Services group, recently accepted his 2024 Wash100 Award during a meeting with Executive Mosaic CEO Jim Garrettson, who founded the accolade. Wash100 annually highlights executives in the government contracting industry who have demonstrated exceptional leadership. Recipients...
LMI will provide data analysis and technical support services to NASA headquarters, directorates and installations under a potential five-year, $115 million blanket purchase agreement. The company said Tuesday it will use its RAPTR model-based system engineering simulation and analysis toolkit to engineer and deliver technologies designed to help op...
The Department of Defense’s effort to field thousands of autonomous drones has reached a major execution milestone. The Army’s Switchblade-600 loitering munition, built by AeroVironment, has been selected for accelerated fielding under the first tranche of the Replicator program, the DOD said in a release on Monday. The Army’s acquisition hea...
Chad Ho, a veteran legal professional at publicly traded companies, will assume the position of executive vice president and chief legal officer at Lumen Technologies (NYSE: LUMN) in June. He will succeed Stacey Goff, a 26-year Lumen executive who has led legal and public policy functions, the technology company said Monday. After Ho’s appoint...
Executive Mosaic’s GovCon Index started May with a modest gain and stayed positive in the subsequent two sessions. On Friday, the index, which tracks the stock performances of 30 major government contractors, advanced 0.58% to $4,923.43 for a 0.89% week-on-week gain. Major US stock indexes ended strong on weaker jobs data, leading to weekly gain...
Lockheed Martin‘s missiles and fire control business (NYSE: LMT) will assess the potential of integrating enabling technologies into a prototype weapon system as part of a U.S. Army award with a $170.2 million ceiling value. Work under the other transaction authority agreement will occur in Grand Prairie, Texas, and several locations through F...
Christopher Calio officially assumed the CEO post at RTX (NYSE: RTX) on May 2, adding it to his president post and succeeding Gregory Hayes, who will continue to serve as the defense contractor’s executive chairman. In a statement published Thursday, Calio said that he underscored during the 2024 Annual Shareowners Meeting the opportunity for ...
Fourteen small businesses have secured spots on a 10-year indefinite-delivery/indefinite-quantity contract from the Department of Energy’s Office of Environmental Management to provide facility deactivation, decommissioning and removal services. The contractors will help decommission government facilities managed by EM, the National Nuclear Se...
HII (NYSE: HII) has posted $2.8 billion in revenues during the first quarter of 2024, a 4.9 percent increase from the prior-year period, and reported an operating income of $154 million, up 9.2 percent compared to the previous year. The company attributed its revenue increase to growth in its mission technologies and Ingalls Shipbuilding segments,...
Seven companies have secured spots on a potential 11-year, $820 million contract to provide commodities depot activation support services for the U.S. Air Force’s KC-46 aerial refueling and military transport aircraft fleet. The contractors will provide line replaceable units and commodities to establish organic depot repair capabilities of th...
