A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
The State Department has approved the potential $3.5 billion sale of up to 36 AH-64E Apache helicopters to the Republic of Korea. Boeing and Lockheed Martin (NYSE: LMT) will serve as the principal contractors for the proposed foreign military sale, which also includes engines, fire control radars, missiles, missile warning systems, logistics and eng...
The State Department has cleared a potential $5 billion foreign military sales request of Germany to buy up to 600 Patriot Advanced Capability-3 Missile Segment Enhancement interceptors and related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Friday Lockheed Martin (NYSE: LMT) will serve as the prime ...
Tracy Jeffries Riley announced on LinkedIn that she has taken on the role of vice president of contracts at construction services provider Chugach Government Solutions. Prior to taking on her latest role, Riley served as VP of contracts at Freedom Consulting Group and, before that, executive director of contracts at ManTech International subsidiary ...
Mercury Systems has appointed Brad Whittington, a former executive at Leidos (NYSE: LDOS) and Raytheon, as senior vice president of engineering. He will report to Mercury’s chief operating officer, Roger Wells. The recent leadership appointment is part of Mercury’s reorganization effort to streamline its operations. Joe Plunk...
The Department of State has approved a potential $580 million foreign military sales request of Norway to buy 16 M142 High Mobility Artillery Rocket Systems and related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Friday Lockheed Martin (NYSE: LMT) will serve as the principal contractor in the propose...
Peter Weilbach has been promoted to vice president of capture management at SAIC (NASDAQ: SAIC). According to a LinkedIn post shared Friday, Weilbach will be responsible for securing new business opportunities while working under SAIC’s space and intelligence business group. Weilbach has been part of SAIC for more than two years. He star...
The U.S. Air Force has awarded 67 companies positions on a potential nine-year, $975 million contract to help the Air Force Rapid Sustainment Office optimize the operational readiness of deployed weapon systems. The Department of Defense said Tuesday the 771st Enterprise Sourcing Squadron at Wright-Patterson Air Force Base in Ohio received 68 offers...
Kelli Furrer, former vice president of go-to-market at Dell Technologies (NYSE: DELL), has joined Slingshot Aerospace as chief revenue officer and chief marketing officer. The company said Monday Furrer will be responsible for driving the growth strategy of Slingshot by focusing on up-market expansion of its artificial intelligence, data and offerin...
Executive Mosaic’s GovCon Index ended the week slightly lower at $5,181.95 (-0.03%) after posting record closes on Monday, Tuesday and Thursday. Also, the index, which tracks the stock performances of 30 major government contractors, gained 2.53% week-on-week, the highest weekly gain since its launch in December 2023. The three major US stock inde...
