John Mengucci, president and CEO of CACI International and a five-time Wash100 Award recipient, was appointed as vice chair of Clarkson University’s Board of Trustees. He was elected to the board in October 2019. In a Friday announcement, Clarkson University highlighted Mengucci’s roles aside from being the Board of Trustees’ vice ...
The U.S. Army has begun conducting market research to identify potential industry sources that could meet the full rate production requirement for the M142 High Mobility Artillery Rocket System, or HIMARS, launcher. According to a request for information published Thursday, Army Contracting Command-Redstone Arsenal in Alabama will accept responses t...
Voyager Space has appointed Matt Magana, an aerospace and defense industry leader, as executive vice president of national security. Supporting National Security Programs The space technology company said Thursday Magana will use his team development and strategic leadership experience to help drive Voyager’s efforts to support the national se...
The State Department has cleared Argentina’s foreign military sale request for F-16 Aircraft equipment and support worth an estimated $941 million. The Defense Security Cooperation Agency said Wednesday Lockheed Martin will be the principal contractor for the potential deal, which will cover the delivery of missiles, bombs and ...
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....
The State Department has approved a potential $7.3 billion foreign military sales request of Poland for equipment and services to help modify and upgrade the European country’s existing F-16 aircraft to the new Viper configuration. The Defense Security Cooperation Agency said Wednesday Lockheed Martin will be the principal contractor in the pr...
Jessica Hersey has joined Red River as senior vice president of business development for government technology services. She confirmed her new role in a post on LinkedIn Saturday. Hersey brings to Red River over 25 years of experience in the government contracting industry. She most recently served as vice president of business development for the...
Executive Mosaic’s GovCon Index rose 0.33% Friday to $5,617.83, its highest close on record. The index, which tracks the stock performances of 30 major government contractors, registered a 2.04% week-on-week gain. It also matched the six-week winning streaks of the Dow Jones Industrial Average and S&P 500 Index. The blue-chip Dow Jones (+1...
The Javelin Joint Venture, a collaborative venture between RTX business Raytheon and Lockheed Martin, has secured two contracts worth a total of $267 million from the U.S. Army to produce Lightweight Command Launch Units. RTX said Tuesday that the first contract covers full-rate production of the LWCLU while the second contract c...
A Department of Defense report has found that defense spending in fiscal year 2023 in all 50 states and Washington, D.C., including DOD contract obligations, payroll spending and grant awards, totaled $609.2 billion, reflecting a $50.5 billion increase from the previous fiscal year and accounting for 2.2 percent of the U.S. gross domestic product. D...
