The State Department has approved Israel’s two foreign military sales, or FMS, requests worth about $7.41 billion combined for AGM-114 Hellfire missiles, munitions, guidance kits and related equipment and support services. The Defense Security Cooperation Agency said Friday it has already informed Congress of the proposed FMS deals. Munitions,...
The State Department has cleared Egypt’s two foreign military sales requests worth approximately $929 million combined to provide AN/TPS-78 long-range radars, COMBATSS-21 combat management systems to support the fast missile craft modernization effort and related equipment and support services. The Defense Security Cooperation Agency sai...
The GovCon Index snapped its six-day losing streak Thursday, then advanced +0.28% to $4,895.06 before the weekend. Unfortunately, the two consecutive daily gains did not offset the three losses to start the week, including the sharp -2.77% drop on Tuesday. The index, which tracks the stock performances of 30 major government contractors, lost -2.42%...
Investment banking firm Evercore has issued its January report, highlighting the market performances of several U.S. defense and government services companies. The monthly update released by the firm’s aerospace, defense and government services team shows the enterprise and equity values, share performances and operating metrics of several U.S...
Heather Gerczak, chief administrative officer at Integral Federal, has been named chair of Executive Mosaic’s 4×24 Contracts Group. The 4×24 Executive Leadership Program unites senior industry executives and top government officials through a series of dinners designed to increase collaboration between public and private sector...
The State Department has approved the government of Kuwait’s request to purchase maintenance, repair and sustainment services and military equipment for an estimated cost of $300 million. The Defense Security Cooperation Agency said Tuesday BAE Systems, U.S. Ordnance, DRS Technologies, L3Harris Technologies, Northrop Grumman and RTX will ser...
Daniel Ramirez, former strategy and business development leader at CAE, was named chief revenue officer at Red 6, a technology firm developing augmented reality tech to support air combat training. In a LinkedIn post announcing Ramirez’s appointment, Red 6 Founder and CEO Daniel Robinson said the new CRO will be responsible for leading the fir...
Rheinmetall AG has completed its acquisition of American vehicle manufacturer Loc Performance Products for $950 million. The Dusseldorf, Germany-headquartered defense contractor said Monday the transaction would expand its presence in the United States, the world’s largest defense market, and strengthen its capability to deliver high-volume milita...
Daniel Gizinski has transitioned to the role of president of the Satellite & Space Communications segment at Comtech Telecommunications, where he previously served as chief strategy officer and president of the Comtech Satellite Network Technologies division. The company said Gizinski will drive product development, operations, market expansion ...
Executive Mosaic’s GovCon Index ticked 0.23% higher to $5,491.84 Friday, its only gain in five trading sessions. The index, which tracks the stock performances of 30 major government contractors, lost 2.24% week-on-week for its first losing week since the week ending Sept. 13. As of Oct. 25, 2024, the GovCon Index is up 17.64% year-to-date....
