Executive Mosaic’s GovCon Index retreated Wednesday on declines by large prime and middle-tier services contractors that offset a surge by McKesson Corp. (NYSE: MCK) in a session that saw U.S. stocks trade in narrow range to close the month of November. U.S. market activity was dominated by the agreement among OPEC countrie...
The chief executives of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) described to investors Wednesday their expectations of the foreign military sales environment in light of oil price volatility worldwide and President-elect Donald Trump’s campaign suggestion that U.S. allies contribute more financial resources to their own defen...
FLIR Systems (Nasdaq: FLIR) has acquired Oslo, Norway-based unmanned aerial systems manufacturer Prox Dynamics for approximately $134 million to create a new UAS business within the buyer’s surveillance segment. FLIR said Wednesday it also intends to expand its airborne sensor product line with the addition of Prox Dyn...
The Department of Homeland Security has awarded 13 companies positions on a potential three-year, $1.54 billion contract to provide agile design and development services for DHS. DHS awarded the Flexible Agile Support for the Homeland contract vehicle as an agency-wide, small business set-aside program, the agency said in a FedBizOpps notice po...
IBM (NYSE: IBM) has received a potential 10-year, $149 million contract to provide new human resource and time and management systems for General Services Administration personnel and external customers. The company will develop self-service HR and T&A systems that GSA customers will be able to access with mobile platforms a...
TYSONS CORNER, VA, Nov. 29, 2016 ” NTT Data (NYSE: NTT) and the Institute of Software – Chinese Academy of Sciences have tested the use of big data and traffic simulation technology to control traffic signals in efforts to mitigate traffic congestion in Guiyang, China, ExecutiveBiz reported Monday. The results indicated that the big ...
The State Department has approved a potential $200 million foreign military sale of Lockheed Martin-built (NYSE: LMT) Joint Air-to-Surface Standoff Missile Extended Range systems, equipment and training services to Poland. Poland ordered 70 units of AGM-158B JASSM-ER, two flight test vehicles, two mass simulant vehicles, on...
Raytheon (NYSE: RTN) has secured a $225 million contract to provide an additional Patriot missile defense system to an international customer through a direct commercial sale. The client is a member of a 13-nation group that invests in the Patriot weapon system and awarded the contract more than a month after Poland ord...
TYSONS CORNER, VA, Nov. 28, 2016 ” Johns Hopkins University Applied Physics Laboratory new CubeSat, was onboard the United Launch Alliance‘s Atlas V rocket that launched from the Vandenberg Air Force Base in California on November 11th, ExecutiveBiz reported Wednesday. The Radiometer Assessment using Vertically Aligned Nanotubes will...
The Defense Department has paid Lockheed Martin (NYSE: LMT) an upfront fee of $1.28 billion to bankroll the 10th batch of F-35 aircraft through a potential $7.19 billion “undefinitized” contract action by DoD, Bloomberg reported Wednesday. Anthony Capaccio writes DoD made the down payment to Lockheed as both parties work t...
