The Kingdom of Saudi Arabia has received clearance from the U.S. State Department to purchase missiles, ammunition and other weapon systems via three foreign military sale transactions worth potentially $1.05 billion. The Defense Security Cooperation Agency said Friday KAS requested to buy 2,503 AGM-114R3 Hellfire II missiles and related equipment f...
Executive Mosaic’s GovCon Index closed higher at $5,505.35 (+1.44%) after recovering from a steep 1.05% decline on Thursday. The index, which tracks the stock performance of 30 major government contractors, posted a 0.65% week-on-week gain, maintaining its winning run. Wall Street’s major stock indexes also finished strong before ...
The State Department has cleared a potential $1.2 billion foreign military sales request from the United Arab Emirates for Guided Multiple Launch Rocket Systems, Army Tactical Missile Systems, related equipment and support services. The Defense Security Cooperation Agency said Friday Lockheed Martin (NYSE: LMT) will serve as the prime contractor in ...
Executive Mosaic’s GovCon Index recorded a substantial weekly gain after ending higher on Friday at $5,469.34. Besides the 2.34% week-on-week gain, the index, which tracks the stock performances of 30 major government contractors, extended its winning streak anew. The escalating tensions in the Middle East triggered a rally of defense stocks o...
Tara Laymon was named senior vice president of occupational health operations division at Leidos QTC Health Services, the executive announced in a LinkedIn post Monday. She has been with Leidos (NYSE: LDOS) for nearly a decade. According to her LinkedIn profile, she joined the company as a senior program manager and rose to the ranks...
Roya Mohadjer has been named vice president of government business development at Battelle, a global scientific research and development company. Battelle said Monday Mohadjer’s promotion will take effect on Oct. 1. Mohadjer previously served as VP of government business development for the health business unit of Battelle. In this r...
Steve Powell, assistant treasurer for banking and capital markets at HII (NYSE: HII), will assume the role of corporate vice president and treasurer at the Newport News, Virginia-based defense technology and shipbuilding company on Jan. 1, 2025. HII said Friday Powell will succeed the retiring D.R. “Rick” Wyatt, who has been with the com...
David Anderson has been appointed vice president of product and program execution at Frontier Technology Inc., a company that provides advanced technology services across all domains. FTI said Wednesday Anderson will oversee the newly established data, cyber and integrated services group and ensure the company continues its drive to innova...
Philip “Duke” Labasi, an executive with more than three decades of leadership and business experience, was named executive vice president and general manager of the strategic and defense solutions business unit at Auria Space. The defense and space manufacturing company announced Labasi’s promotion via a LinkedIn post Tuesday. Laba...
The State Department has approved the government of Romania’s $7.2 billion request to purchase F-35 aircraft, engines and related equipment. under the Foreign Military Sales program. The Defense Security Cooperation Agency said Friday the southeastern European country asked to buy 32 F-35A Lightning II Joint Strike Fighter Conventional Ta...
