TYSONS CORNER, VA, April 8, 2016 ” The U.S. Air Force could spend an estimated $533 million on the construction of hangars and other facilities to accommodate the service branch’s fleet of Lockheed Martin-built (NYSE: LMT) F-35 jets at Eielson Air Force Base, Executive Gov reported Thursday. Newsminer reported Wednesday&nbs...
The State Department has cleared a potential $386 million foreign military sale of GBU-39/B Small Diameter Bombs Increment 1 weapons and related equipment to Australia. The Defense Security Cooperation Agency said Wednesday the sale includes up to 2, 950 GBU-39/B bombs,  50 guided test vehicles equipped with inert fuze,...
CAE (NYSE: CAE) has captured contracts worth a combined $132.8 million to provide flight simulation equipment and pilot training services to multiple domestic and international defense customers. The company said Wednesday it received a contract from Lockheed Martin (NYSE: LMT) to build Phenom 100 synthetic training devices ...
The GovCon Index tumbled for a third consecutive session Tuesday at 0.294 points to 73.895 as U.S. investors weighed new economic data that showed mixed pictures for the domestic economy and remarks from International Monetary Fund leader Christine Lagarde that a global recovery is surrounded by political risk and instabilit...
The Defense Microelectronics Activity has awarded positions on a potential $7.2 billion contract vehicle to eight companies to support the agency’s work on new technology insertions and applications for military systems. Contractors will bid for individual task orders over a 10-year ordering period to enginee...
James Reagan, Leidos Holdings chief financial officer , has been inducted into Executive Mosaic’s Wash100 List of the most influential leaders in GovCon for his leadership in mergers and acquisitions and financial structure. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic...
Craig Reed, a three-decade GovCon veteran and former senior vice president from Engility (NYSE: EGL), has joined Vienna, Virginia-based information technology government services contractor NT Concepts as president and chief operating officer. NT Concepts said Thursday Reed will oversee operations, growth strategies and business deve...
BAE Systems Inc., the British defense contractor’s U.S. subsidiary, has won a potential four-year, $75.3 million contract to perform engineering and technical work on combat identification systems for the U.S. Navy. The Defense Department said Monday the company will provide 1, 075, 200 man-hours of CIDS support to the Naval Air Warfare C...
Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) have secured contracts worth $130.3 million combined to help reduce radar risks for the U.S. Air Force‘s Joint Surveillance Target Attack Radar System Recapitalization program. The service branch awarded $70.3 million to Northrop’s systems business and $60 mil...
Joseph Battaglia, president of military communications and sensor systems maker Telephonics, plans to retire on Sept. 30 after 21 years of leadership at the surveillance and communication systems provider. Telephonics’ parent company Griffon (NYSE: GFF) said Tuesday that Kevin McSweeney, executive vice president a...
