TYSONS CORNER, VA, Jan. 9, 2017 ” Northrop Grumman (NYSE: NOC) has rescheduled the flight test of its RQ-4 Global Hawk unmanned surveillance aircraft with the United Technologies Corp.-built (NYSE: UTX) MS-177 multispectral imaging sensor to late January, ExecutiveBiz reported Friday. “The late December test ...
TYSONS CORNER, VA, Jan. 9, 2017 ” The Pennsylvania Employer Support of the Guard and Reserve office has recognized Concurrent Technologies Corp. for its employee support to members of the Pennsylvania Guard and Reserve, GovCon Executive reported Friday. The company said Thursday it received the Soaring Eagle Award, Extraordi...
Stephen Oswald, former CEO of Capital Safety and a senior executive at United Technologies Corp. (NYSE: UTX), will join electronic and structural systems company Ducommun (NYSE: DCO) as president and CEO on January 23. Ducommun said Thursday Oswald will take over the CEO role from Anthony Reardon, who will vacate his operational ...
Executive Mosaic’s GovCon Index registered a 0.162-point climb Friday to 89.761 and closed the week in the positive. Lockheed Martin (NYSE: LMT) was GCI’s top net performer while Honeywell (NYSE: HON) led the Index in percentage gained. The Index’s gain follows the latest jobs report from the Labor Dep...
Executive Mosaic’s GovCon Index closed the week slightly higher Friday as the Dow neared the 20.000 mark. The major markets enjoyed a shot in the arm from The Labor Department’s report that 156, 000 new jobs were added in December. Advancers equaled decliners on the day with the GovCon Index closing up 2.0% on the short...
TYSONS CORNER, VA, Jan. 6, 2017 ” DJI and Seagate Technology (Nasdaq: STX) have entered into a partnership to create new technologies in an effort to address the data storage, download, management and sharing demands of large volumes of data generated from unmanned aerial vehicle, ExecutiveBiz reported Wednesday. With this partne...
TYSONS CORNER, VA, Jan. 6, 2017 ” The Air Force Research Laboratory has awarded BAE Systems a five-year, $49 million contract to build, implement and maintain security platforms to support information dissemination between government networks, ExecutiveBiz reported Thursday. BAE said Thursday the systems will work to securely transfer...
L3 Technologies (NYSE: LLL), then L-3 Communications, has wrapped up its purchase of Implant Sciences™ explosive trace detection business for $117.5 million cash through an asset purchase agreement. Michael Strianese, chairman and CEO of L3, said in a statement released Thursday the acquisition will help expand L3™s presence in nation...
IMI Systems has secured a potential seven-year, $450 million contract to provide munitions to Israel’s infantry and armor units, Defense News reported Monday. Barbara Opall Rome writes that Israel’s defense ministry said the multiyear procurement effort will help the Israeli armed forces to resupply the country’s inventory of...
NASA plans to launch a potential $188 million mission by 2020 to explore and collect information on black holes, pulsars, neutron stars and other cosmic X-rays. The space agency selected the Imaging X-ray Polarimetry Explorer mission out of three mission concepts that were chosen from a set of 14 offers that NASA received after it...
