Thales has agreed to buy a Boeing subsidiary that manufactures surveillance equipment for the U.S. military for an undisclosed sum, Reuters reported Sunday. In a statement, Boeing said the defense and security arm of French defense electronics firm Thales will acquire Digital Receiver Technology. The Wall Street Journal reported that Boeing is looki...
Executive Mosaic’s GovCon Index rose 0.33% Friday to $5,617.83, its highest close on record. The index, which tracks the stock performances of 30 major government contractors, registered a 2.04% week-on-week gain. It also matched the six-week winning streaks of the Dow Jones Industrial Average and S&P 500 Index. The blue-chip Dow Jones (+1...
The U.S. Space Force has awarded two task orders worth $733.6 million combined to SpaceX to provide Lane 1 launch services as part of the third phase of the National Security Space Launch program. The service said Friday the awards mark the first two Lane 1 launch service task orders, or LSTO, issued by Space...
BAE Systems has won two U.S. Navy contracts worth about $222.6 million combined to provide maintenance, repair and modernization support services for an Arleigh Burke-class guided-missile destroyer and a multipurpose amphibious assault ship. The Department of Defense said Friday work on the firm-fixed-price contracts will occur in Norfolk, Virginia,...
The GovCon market is facing some degree of uncertainty as the presidential election approaches and a continuing resolution puts a pause on funding growth. But one thing GovCon leaders know for certain is that the defense and government markets are rife with opportunities and poised for significant growth. At the Raymond James 2024 Defense and...
As the U.S. military operates in an increasingly competitive multi-domain landscape, officials believe the nation and its international partners must prepare to fight and win in contested logistics environments. During a panel discussion titled “The Importance of Logistics and Sustainment in Deterrence” at the Potomac Officers Club&...
Parsons has secured a spot on the U.S. Army Corps of Engineers’ potential five-year, $225 million multiple-award contract for environmental remediation activities. In a press release on Thursday, Parsons said it will compete for task orders to support USACE Northwestern Division and the Environmental Protection Agency Region 2 in conducting wetlan...
The AUKUS agreement — a trilateral security pact between the U.S., U.K. and Australia — was first announced in September 2021. As the partnership enters its fourth year, leaders across AUKUS nations are looking to continue their momentum by continuing to cultivate an integrated innovation environment. During a panel discussion at the Potomac Off...
Kapil Wadhera has been at Intel for over 35 years and has gained a breadth of experience from across the company — from chip design to marketing, sales to general management. Given his wide-ranging expertise, he was an obvious choice to lead one of the key Intel Foundry efforts. This initiative was created in response...
The national security landscape has changed dramatically in recent years, and the United States’ security agencies are dealing with unprecedented challenges. GovCon Wire sat down with former Deputy Secretary and Acting Secretary of the Department of Homeland Security Elaine Duke to take a closer look at the national security challenges facing...
