A report by financial services company Raymond James (NYSE: RJF) shows that there were 76 mergers and acquisitions in the defense and space industry during the first quarter of 2024, a 55 percent increase from the same period the previous year and a 31 percent rise from the previous quarter. Defense and Space M&A Activity...
Executive Mosaic’s GovCon Index and Wall Street ended the week strong due to a broad market rally. The index, which tracks the stock performances of 30 major government contractors, edged 0.21% higher Friday to $4,871.91, suitable for a 1.94% week-on-week gain. The Nasdaq Composite advanced 2.02% for a weekly gain of 4.2%. Alphabet (Nasdaq: G...
Tara Martin, former vice president at L3Harris Technologies (NYSE: LHX), was appointed senior VP of business development at the national security and innovative solutions business of CACI International (NYSE: CACI), according to her LinkedIn announcement. She brings to the role years-long experience in business development, having previously served ...
Brent Pugh, a more than 20-year aerospace and defense industry executive, has joined information technology services provider Red River as chief financial officer. He most recently served as CFO at CAE‘s defense and security business and oversaw the organization’s over 6,000 employees, Red River said Monday. Red River CEO Brian Roach said Pu...
Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) ...
Lockheed Martin (NYSE: LMT) has been selected to develop the Missile Defense Agency’s next-generation missile interceptor system designed to defend the U.S. homeland against intercontinental ballistic missile threats. The company said Monday it will serve as the prime contractor on the Next Generation Interceptor program and spearhead the syst...
Executive Mosaic is honored to announce the selection of Secretary of the Navy Carlos Del Toro as a winner of the Wash100 Award for 2024. The Popular Vote Competition of the 2024 Wash100 Award runs through April 30, 2024. Click here to vote for Carlos Del Toro as one of your favorite GovCon industry leaders!...
Steven Williams, formerly vice president of business development at L3Harris Technologies (NYSE: LHX), has been named VP of growth at Anduril Industries, according to his LinkedIn post. The three-decade industry veteran will support the development of the growth teams at the Irvine, California-headquartered defense technology contractor. Prior to jo...
A Palantir Technologies (NYSE: PLTR) subsidiary has secured a $178.4 million contract from the U.S. Army to develop a next-generation intelligence ground station system for collecting and disseminating sensor data. Palantir USG will build five basic and five advanced variants of the Tactical Intelligence Targeting Access Node ground station system, ...
Executive Mosaic, the government contracting industry’s premier media and events organization, is pleased to induct Tom Arseneault into the 2024 Wash100. As president and CEO of BAE Systems, Arseneault is recognized for his forward-thinking support of the U.S. defense effort through inspired new business combinations and aggressive contract purs...
