The U.S. government could approve this month a pair of foreign military sales agreements for Qatar and Kuwait to procure up to 76 Boeing-built (NYSE: BA) F-15 and F/A-18E/F Super Hornet jets worth an estimated $7 billion, Reuters reported Thursday. Tom Finn and Andrea Shalal write sources said the deals include the sale of 3...
Lockheed Martin (NYSE: LMT) subsidiary Sikorsky Aircraft has received a $135.4 million contract modification from the U.S. Army to build 24 UH-60M Black Hawk multimission helicopters configured for Taiwan under a foreign military sales deal. Sikorsky will perform work in Stratford, Connecticut, through Oct. 8, 2018, the Def...
The National Nuclear Security Administration has decided to revoke a potential $5 billion contract NNSA awarded to Nevada Site Science Support and Technologies Corp. earlier this week on grounds that NVS3T did not inform the agency it was acquired by Leidos Holdings (NYSE: LDOS) as part of the latter’s merger with ...
TYSONS CORNER, VA, Aug. 30, 2016 ” A Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture is working to develop a reusable second rocket stage that will remain in low Earth orbit to support potential activities in space, ExecutiveBiz reported Monday. Quartz reported Saturday Tory Bruno, CEO of the JV called United Launch Allianc...
The U.S. Navy has awarded positions on a pair of indefinite-delivery/indefinite-quantity contracts worth up to $950.8 million combined over five years for sustainment work on the Littoral Combat Ships 1 variant class. BAE Systems‘ Southeast Shipyards Mayport division and General Dynamics‘ (NYSE: GD) NASSCO subsidiary can vie for task ord...
Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price sta...
Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s clos...
August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued ̶...
United Launch Alliance, a joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), will provide Atlas V 541 launch services to NASA for a follow-up rover mission to Mars. NASA said Friday it estimates that the Mars 2020 launch will cost $243 million, including spacecraft and planetary protection processing, rocket...
Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered lagger...
