Lockheed Martin (NYSE: LMT) and the Defense Department are still in talks and could finalize by the end of January a new contract worth approximately $9 billion that would reduce the price of the next batch of F-35 fighter jets to under $100 million per aircraft, Reuters reported Thursday. Mike Stone writes sources said the...
Polaris Alpha, a portfolio company of investment firm Arlington Capital Partners, has bought cyber, network and software engineering services provider Intelesys for an undisclosed sum in a push to expand presence in the cyber and signals intelligence market. Elkridge, Maryland-based Intelesys works with intelligence community cus...
Executive Mosaic’s GovCon Index closed higher Thursday as gains by large defense platform and product makers helped offset declines by a majority of the GCI’s 30 stocks with mid-tier prime contractors and government services providers in red. U.S. stocks traded lower by comparison with real estate the largest drag on equities&n...
TYSONS CORNER, VA, Jan. 19, 2017 ” Advanced Concepts and Technologies International has appointed Phil Simonsen, a space and intelligence community veteran, as its new senior executive for space and cyber programs, GovCon Executive reported Wednesday. The company said Simonsen will work to identify and pursue new busine...
TYSONS CORNER, VA, Jan. 19, 2017 ” Deloitte has joined a coalition comprised of specialists and consulting and technology companies as a lead partner in efforts to advance the development of smart cities in the country, ExecutiveBiz reported Wednesday. The company said Tuesday it will work with the Smart Cities Council members an...
TYSONS CORNER, VA, Jan. 19, 2017 ” CAE (NYSE: CAE) has landed contracts worth a total of $134.1 million from international military customers for new simulation technologies, simulator updates and training support services, ExecutiveBiz reported Tuesday. The company said Tuesday it closed a deal with Airbus‘ defense and space bu...
Optimal Solutions and Technologies has won a potential $248 million firm-fixed-price contract from the U.S. Army for systems engineering and technical assistance support services. The Defense Department said Wednesday OST will provide the services to the Army’s program executive office for simulation, training and instrumentation as ...
James Winnefeld Jr., a retired U.S. Navy admiral and former vice chairman of the Joint Chiefs of Staff, has been elected to Raytheon‘s (NYSE: RTN) board of directors. The 37-year Navy veteran previously led the North American Aerospace Defense Command and the U.S. Northern Command, Raytheon said Wednesday. “Sandy brings signifi...
TYSONS CORNER, VA, Jan. 18, 2017 ” A new McKinsey Global Institute study estimates that almost half of today’s jobs could be automated by 2055 based on several factors that affect the pace of automation technology development, ExecutiveBiz reported Tuesday. The study stated developments in robotics, artificial intelligence ...
Bruce Lemkin, president of consulting firm Lemkin International, has joined government acquisition support services contractor Advanced Concepts and Technologies as international and foreign military sales adviser. ACT I said Lemkin will provide consulting and advisory services for international and FMS business development ...
