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Executive Mosaic’s GovCon Index recovered from its weak start in July. The index, which tracks the stock performances of 30 major government contractors, had substantial gains in three of five trading sessions, ending 0.58% higher to $4,982.68. Also, the 2.11% week-on-week advance was GCI’s second-strongest weekly gain in 2024. Wall Street had a...
The U.S. Space Force’s Space Systems Command has added Blue Origin and Stoke Space Technologies to the vendor pool of launch providers as part of the second on-ramping process to the fourth iteration of the Orbital Services Program. SSC said Wednesday OSP-4 is a potential $986 million indefinite-delivery/indefinite-quantity contract with an or...
Amaan Sattar has transitioned to the role of vice president of program management excellence within the integrated mission systems segment at L3Harris Technologies (NYSE: LHX), according to his LinkedIn post. “In this role, I’ll be responsible for ensuring effective program execution across the portfolio and for leading all program manag...
Alfred Gonzalez, most recently director of cybersecurity at Cubic’s digital intelligence division, has taken on the role of chief information security officer at Ultra Intelligence & Communications. He announced his move to Ultra I&C in a LinkedIn post published Wednesday. In his new role, Gonzalez will oversee the company’s product deve...
Northrop Grumman (NYSE: NOC) has secured a potential two-year, $189 million contract from the U.S. Air Force to provide Combat Air Forces Distributed Mission Operations services. The Department of Defense said Thursday the sole-source contract includes the development of a virtual environment designed to facilitate distributed training events, inclu...
Damian DiPippa, formerly CEO of Aretum, has taken on the chief executive role at Auria, a space domain awareness provider backed by Enlightenment Capital. DiPippa brings over three decades of industry experience in missile defense, satellite operations, systems engineering and mission and intelligence, Auria said Tuesday. “Damian is uniq...
A report by financial services company Raymond James (NYSE: RJF) indicates that 79 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 6.7 percent increase from the prior-year period. The June report was issued by Raymond James’ defense and government investment banking team, where 2024 W...
Northrop Grumman (NYSE: NOC) has booked a $147 million production order from the U.S. Army for aircraft common infrared countermeasure systems, marking the fourth award on a $959.1 million contract announced in May 2021. The company said Wednesday it has 336 additional order of the CIRCM shipset on top of the 500 units already delivered...
A report by financial services company Raymond James (NYSE: RJF) shows that there were 76 mergers and acquisitions in the defense and space industry during the first quarter of 2024, a 55 percent increase from the same period the previous year and a 31 percent rise from the previous quarter. Defense and Space M&A Activity...
Maxar Technologies’ intelligence business has named Lisa Henke, a veteran technology executive, as chief of technology and innovation for the U.S. government. Henke announced her promotion at Maxar Intelligence in a LinkedIn post published Thursday. She most recently served as USG account executive for Army and Space Force programs, according to h...
