Sikorsky Aircraft, a Lockheed Martin subsidiary, has booked a $184.2 million contract from the U.S. Army for the procurement of Upturned Exhaust System II Kits. Upturned Exhaust System II Kits Contract Provisions The Department of Defense said Friday the firm-fixed-price contract is expected to be completed by March 1, 2030 and will be han...
Executive Mosaic’s GovCon Index fell -1.89% on Friday to settle at $4,495.05, a new low. The index, which tracks the stock performances of 30 major government contractors, lost -1.77% for the week and posted its fifth consecutive weekly loss. The decline in the Index of Consumer Sentiment due to higher inflation expectations was the headwind...
Leidos has named Jason Albanese its new chief growth officer and corporate executive vice president. He will replace Gerry Fasano, who will retire on April 4. The company said Wednesday Albanese, who will officially assume the roles on March 3, will be key to implementing the new NorthStar 2030 strategy. Leidos CEO Tom Bell, a two-time...
The U.S. Air Force has announced its intent to add another $10 billion to the ceiling value of a potential five-year, $15 billion contract for the development and integration of the Lockheed Martin-built C-130J military transport aircraft. In a Jan. 31 notice published on SAM.gov, the Air Force Life Cycle Management Center’s Mobility Directorate s...
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%...
Jonathan Peppard, an industry veteran with 27 years of experience in capture management, program management and business development, has been appointed vice president of strategic capture at Akima. The information technology company said Thursday Peppard will oversee its expansion by leading efforts to capture new opportunities within the federal ...
The Department of Defense continues to pursue technological innovation to maintain a competitive edge in an evolving landscape. Integrating edge computing, artificial intelligence and advanced 5G networks into tactical operations represents a strategic move toward enhancing operational capabilities. These advancements aim to enable real-time decisi...
Leidos has named Milton Yang as vice president and defense systems programs director and Sean Egger as vice president of growth for the civil solutions business, the executives announced in separate LinkedIn posts Wednesday. Milton Yang’s Career History Yang has been with Leidos for nearly a decade, having joined the Reston, Virginia-based com...
