The U.S. Navy has awarded eight companies contract options worth $1.86 billion combined to continue providing professional management and technical services in support of the military branch’s cyberspace operation systems and capabilities. The award exercises the second option year of a previously awarded indefinite-delivery/indefinite-quantit...
Executive Mosaic’s GovCon Index and Wall Street ended the week strong due to a broad market rally. The index, which tracks the stock performances of 30 major government contractors, edged 0.21% higher Friday to $4,871.91, suitable for a 1.94% week-on-week gain. The Nasdaq Composite advanced 2.02% for a weekly gain of 4.2%. Alphabet (Nasdaq: G...
John Nichols, a 25-year aerospace industry veteran, has joined Fornax Advanced Materials as vice president and chief scientist. In a LinkedIn post published Friday, the Chicago-based company said Nichols brings over two decades of experience supporting major satellite development efforts for NASA and the Department of Defense to his position. Nichol...
The Department of Homeland Security has established the Artificial Intelligence Safety and Security Board responsible for providing advice about AI technology’s safe and secure development and deployment in U.S. critical infrastructure. The board consists of more than 20 technology and critical infrastructure executives, including Wash100 awar...
The State Department has approved the requests of the governments of Poland and the Netherlands to buy an extended-range variant of the Advanced Anti-Radiation Guided Missile system, related equipment and support services from the U.S. government under two foreign military sales deals worth approximately $2 billion combined. Northrop Grumman (NYSE: ...
Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) ...
Heather Newlin, a GovCon industry executive, has joined federal information technology company NuAxis Innovations as chief delivery officer. NuAxis Innovations CEO Raza Latif announced Newlin’s appointment in a LinkedIn post published Wednesday. “With Heather’s extensive experience in service delivery and her expertise in leading m...
The Department of State has approved the government of Iraq’s request to buy from the U.S. government C-172 and AC/RC-208 aircraft contractor logistics support, training and related equipment through a potential $140 million foreign military sales agreement. Northrop Grumman (NYSE: NOC) will serve as the principal contractor in the FMS transac...
Robert Dyess, formerly a vice president at Northrop Grumman (NYSE: NOC), has been appointed senior VP of business development for munitions and government at Day & Zimmermann, according to his LinkedIn post. Dyess will help drive growth and strategic partnerships to support the mission needs of D&Z’s U.S. defense and government custome...
Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from thei...
