Defense Secretary nominee James Mattis has agreed to resign from his board position at General Dynamics (NYSE: GD) and divest all of his business holdings with the company if the Senate confirms him as the next leader of the Defense Department, Politico reported Saturday. Jeremy Herb and Connor O™Brien write Mattis, who ...
Four companies have secured positions on a potential $51.7 million contract to provide joint test and evaluation engineering services to the U.S. Army Corps of Engineers. The Defense Department said Friday that USACE received four bids for the shared contract via the internet and will provide funds and performance locations&...
Executive Mosaic’s GovCon Index registered a 0.162-point climb Friday to 89.761 and closed the week in the positive. Lockheed Martin (NYSE: LMT) was GCI’s top net performer while Honeywell (NYSE: HON) led the Index in percentage gained. The Index’s gain follows the latest jobs report from the Labor Dep...
Executive Mosaic’s GovCon Index closed the week slightly higher Friday as the Dow neared the 20.000 mark. The major markets enjoyed a shot in the arm from The Labor Department’s report that 156, 000 new jobs were added in December. Advancers equaled decliners on the day with the GovCon Index closing up 2.0% on the short...
Airbus has secured a $506 million contract from the U.K.’s defense ministry to provide in-service support for the Atlas A400M airlifters of the British air force. The ministry said Thursday the contract covers maintenance, upgrade and repair services for the country’s Atlas fleet through 2026. Julian Young, chief...
IMI Systems has secured a potential seven-year, $450 million contract to provide munitions to Israel’s infantry and armor units, Defense News reported Monday. Barbara Opall Rome writes that Israel’s defense ministry said the multiyear procurement effort will help the Israeli armed forces to resupply the country’s inventory of...
Leidos (NYSE: LDOS) has received a potential five-year, $202 million subcontract from CACI International (NYSE: CACI) for intelligence, analytical operations and training services in support of the Joint Improvised-Threat Defeat Organization. Leidos will support JIDO™s global Focused Support/Decisive Effort that seeks to facilitate the Def...
Pilatus Aircraft has received three contracts worth more than $294.6 million in total to supply PC-21 trainer jets to two international military customers and one defense company. The orders include 17 PC-21s for the French air force and two units each for Jordan’s air force and British contractor Qinetiq, Pi...
On Jan. 4, NASA held a press briefing at the agency™s Johnson Space Center in Houston to preview a pair of planned spacewalks to perform a complex upgrade to the International Space Station™s power system. NASA™s Shane Kimbrough and Peggy Whitson will conduct the spacewalk on Jan. 6. The second spacewalk, on Jan. 13, will...
Executive Mosaic’s GovCon Index moved higher for the second day in a row Wednesday on broad gains across almost all of the thirty stocks that make up index. The Dow Jones Industrial moved ever closer to the 20, 000 mark, closing at 19, 942.16 up 0.30 percent. GovCon Index gainers outnumbered laggards by a 14-to-1 ratio...
