TYSONS CORNER, VA, Nov. 20, 2017 ” PwC‘s global consulting unit has found a nearly $12 billion increase in the research and development budgets of U.S. aerospace and defense companies in 2017, led by Boeing (NYSE: BA), United Technologies Corp. (NYSE: UTX) and Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Friday. Defense News re...
The General Services Administration has awarded 61 companies positions on a potential 10-year, $50 billion governmentwide acquisition contract for information technology products and services. GSA said in a FedBizOpps notice posted Friday the award is for the unrestricted portion of the Alliant 2 GWAC that has a base term of five years and five...
The State Department has given Poland the green light to buy the third configuration of the Patriot missile system equipped with the Integrated Air and Missile Defense Battle Command System and related equipment from the U.S. government under a potential $10.5 billion foreign military sales agreement. Raytheon (NYSE: RTN), Lockheed Martin ...
TYSONS CORNER, VA, Nov. 17, 2017 ” BAE Systems has entered into an agreement to continue its partnership with the Advanced Military Maintenance Repair and Overhaul Center in the United Arab Emirates to provide support for that country’s Hawk trainer aircraft fleet, ExecutiveBiz reported Thursday. The teaming arrangement wit...
Weekly Roundup November 13 – November 17 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson In recent weeks the GovCon community has experienced significant M&A and restructuring activity. Notable transactions include: H.I.G.™s purchase of WBB for an un...
General Electric‘s (NYSE: GE) aviation business has received a $143.4 million contract from the U.S. Navy to for the low-rate initial production of lots 1 and 2 turboshaft engines for CH-53K heavy-lift helicopters. The Defense Deparment said Thursday GE Aviation will supply 22 T408-GE-400 engines, peculiar su...
https://www.youtube.com/watch?v=r0U1FmfPu-Q Lockheed Martin and its heritage companies have built a storied 75-year history at Fort Worth™s Air Force Plant 4. Through employee commitment, innovation, a spirit of reinvention, and a sustained focus on serving our Armed Forces, success has endured since 1942 and will continue for decades to come. ...
The United Arab Emirates will purchase laser guided bombs from Raytheon (NYSE: RTN) under a $684.4 million deal, Reuters reported Tuesday. The agreement announced at the Dubai Airshow Tuesday includes Raytheon-built GBU-10 and GBU-12 Paveway bomb kits. The deal came days after UAE awarded Lockheed Martin (NYSE: LMT) a potential $1.6 billion order to...
In reviewing last weeks market performance the Executive Mosaic GovCon Index (GCI) ended the week down 0.74 percent from Mondays opening price settling at 107.303. Twenty stocks declined for the week versus ten that advanced. The three major indices all closed mixed on Friday; the S&P500 closed down 0.09 percent to 2,582.30 while ...
Weekly Roundup November 6 – November 10 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson In recent weeks a number of significant private sector executive moves and potential federal moves have been announced. Let’s take a quick look at these executive movement a...
