The State Department has approved a potential $400 million foreign military sale of high mobility artillery rocket system launchers and related equipment to the government of Italy. Lockheed Martin (NYSE: LMT) will serve as the principal contractor on the proposed FMS deal that includes the provision of 21 M142 HIMARS launchers and one M31A2 high-ex...
The State Department has approved a possible $1.95 billion sale of UH-60M Black Hawk helicopters to the government of Greece. Lockheed Martin (NYSE: LMT) subsidiary Sikorsky will complete the order as lead contractor, the Defense Security Cooperation Agency said Friday. The foreign military sale includes 35 Black Hawk helicopters as well as their co...
Executive Mosaic, the industry-leading events, media and executive branding organization in the government contracting sector, is pleased to launch the first-ever GovCon stock market tracker, GovCon Index. GovCon Index is an aggregate index meticulously crafted and tracked in real-time using data from 30 leading publicly traded companies within the...
Mitch Stevison, a government contracting industry veteran, has joined Frontgrade Technologies as president and CEO. He succeeds Mike Elias at the helm of Frontgrade and comes to the Colorado Springs, Colorado-based company from Mercury Systems (Nasdaq: MRCY), where he served as an executive vice president and president of the mission systems divisio...
The State Department has approved a possible $271 million foreign military sale agreement with the South Korean government for F-35 munitions and related equipment. South Korea has requested to buy 39 AIM-120C-8 advanced medium-range air-to-air missiles along with tail kits, guidance sections, all-up rounds, bombs, munitions and spare and repair par...
Well-versed in the defense and intelligence communities, Tom Lash spent almost two decades at SAIC in roles such as senior systems engineer, chief technology officer and vice president of operations. He then became a part of Leidos when it spun off from SAIC in 2013. At Leidos, he helped administer engineering integration for the storied...
Rachel Willard, formerly director of program finance and business transformation at Leidos (NYSE: LDOS), has been named vice president of finance and Dynetics chief financial officer, according to a recently published LinkedIn post. She will oversee rate development and maintenance, accounting, internal controls, budgeting, forecasting, results anal...
Mitch Stevison is stepping down as executive vice president and president of the mission systems division at Mercury Systems (Nasdaq: MRCY) on Dec. 1 after more than a year in the position. Bill Ballhaus, chairman and CEO of Mercury Systems, will head the division on an interim basis until a permanent successor is appointed, the...
Firefly Aerospace closed the third tranche of its Series C Funding round, bumping the valuation of the end-to-end space transportation company to $1.5 billion. It has raised around $300 million since February this year. During the round, Mitsui & Co. and other new investors joined existing investors led by AE Industrial Partners, Firefly Ae...
The State Department has approved a potential $2.53 billion foreign military sale of M1A2 Abrams main battle tanks and related equipment to the government of Romania. The potential FMS deal includes 54 M1A2 System Enhancement Program version 3 vehicles, 54 M1A1 structures, four M88A2 Hercules combat recovery vehicles, four M1110 joint assault bridge...
