L3 Technologies (NYSE: LLL) has announced an initiative to split the New York City-based defense contractor’s electronic systems segment into two new business segments as part of a growth strategy that also involves multiple leadership transitions. The company said Wednesday Todd Gautier, current president of L3’s pre...
Executive Mosaic’s GovCon Index held onto its gain Wednesday with help from Boeing (NYSE: BA) on the airplane maker’s fourth quarter results above analyst forecasts to offset the decline by Textron (NYSE: TXT) after its October-December figures disappointed Wall Street. U.S. stocks by comparison hit all-time highs again in comparison as...
The U.S. Air Force has awarded five companies contract modifications worth $66.7 million combined for medical support services at 67 military treatment facilities across the U.S., District of Columbia and Guam. The Defense Department said Tuesday the modifications extend the ordering period for the Air Force’s Medical Suppo...
TYSONS CORNER, VA, Jan. 24, 2017 ” The U.S. Army has awarded a $33.1 million contract modification to L3 Technologies‘ (NYSE: LLL) combat propulsion systems business unit for transmission systems, related ancillary hardware and operational reliability services, ExecutiveBiz reported Monday. L3 will deliver 800-horsepower tr...
The State Department has named L3 Technologies‘ (NYSE: LLL) platform integration division as prime contractor on a potential $418 million foreign military sale of Air Tractor AT- 802L aircraft and services to Kenya. The Defense Security Cooperation Agency said Monday the proposed deal covers as many as 12 Air Tractor and tw...
Terry Crimmins, formerly vice president and deputy general manager of the electronic systems sector at BAE Systems˜ U.S. subsidiary, has been promoted to president of the sector. BAE said Monday Crimmins succeeds Tom Arseneault, who returned to his full-time post as chief operating officer of the subsidiary –&nbs...
TYSONS CORNER, VA., January 24, 2017 — The Potomac Officers Club — a division of Executive Mosaic — rounds out speakers for their 2017 Internet of Things – Emerging Technologies Forum. The Internet of Things (IoT)”a term used to describe the set of physical objects embedded with sensors or actuators and connected to a ne...
Executive Mosaic’s GovCon Index tumbled in conjunction with larger declines on Wall Street Monday as investors retreated from equities after President Donald Trump signed an executive order to withdraw from the 12-country Trans-Pacific Partnership trade agreement. GovCon Index decliners outnumbered gainers by a 4-to-1 ratio and two o...
TYSONS CORNER, VA, Jan. 23, 2017 ” L3 Technologies‘ (NYSE: LLL) fuzing and ordnance systems unit has secured a $32 million contract modification from the U.S. Army for M783 Point Detonating/Delay mortar fuzes, ExecutiveBiz reported Friday. The company said Thursday it will supply mortar fuzes to an international custom...
TYSONS CORNER, VA, Jan. 23, 2017 ” Concurrent Technologies Corp. has assembled a group of technical and business executives to help review the nonprofit applied scientific research and development firm’s technical initiatives, GovCon Executive said Friday. The technical advisory board will work to guide the company’s ...
