Washington-based private investment firm Enlightenment Capital has generated $147 million in capital commitments for its second fund in support of efforts to implement a strategy to invest in middle market firms in the aerospace, defense and government sector. Devin Talbott, managing partner at Enlightenment Capital, said in a statement re...
The First Responder Network Authority is in the evaluation phase and is close to awarding a contract to build a national public safety broadband network for first responders. FirstNet CEO Mike Poth said Thursday the agency has completed several tasks in compliance with the Federal Acquisition Regulation in order to facilitate the contract award...
Executive Mosaic’s GovCon Index closed in narrow range Tuesday despite a majority of the session in positive as declines by aerospace and defense primes offset gains by Harris Corp. (NYSE: HRS) on news of a pending divestiture and Engility Corp. (NYSE: EGL) after quarterly earnings that exceeded Wall Street’s expectations. GovC...
Engility Corp. (NYSE: EGL) described to investors Thursday three third quarter contract wins and the loss of another as examples of its shift toward pursuits of larger “best-value” programs versus lowest-price, technically-acceptable work. A slide in the company’s third quarter earnings call presentati...
TYSONS CORNER, VA, Nov. 1, 2016 ” Matt Desch, CEO of Iridium (Nasdaq: IRDM), has said the company hopes to see SpaceX resume launch services within the year as the investigation continues into the explosion of a Falcon 9 rocket in September, ExecutiveBiz reported Monday. SpaceX has stated that it has discovered a way to...
TYSONS CORNER, VA, Nov. 1, 2016 ” Inmarsat and Honeywell (NYSE: HON) have entered into a partnership in an effort to provide satellite communication services that will work to connect military users across the world, ExecutiveBiz reported Monday. Honeywell said Monday the partnership aims to deliver high-speed, high-bandwidt...
Harris Corp. (NYSE: HRS) has agreed to sell its maritime energy communications business to global satellite services company SpeedCast International for $425 million in the military radio maker’s first divestiture since its August agreement with activist hedge fund Jana Partners. This move is part of Harris’ larger effort ...
The General Services Administration has awarded CACI International (NYSE: CACI) a potential five-year, $1.77 billion task order for analytical operations, intelligence and training support services to the Joint Improvised-Threat Defeat Organization. CACI will support JIDO’s global Focused Support/Decisive Effort that aims t...
The U.S. Army has awarded four companies positions on a five-year, $200 million contract to support institutional training functions at Fort Lee, Virginia. The companies will provide instruction, training support and training development services through Oct. 27, 2021 under the firm-fixed-price contract, the Defense Department said Friday....
Executive Mosaic’s GovCon Index fell at least 1 percent for a second straight time Friday to post its fifth consecutive weekly loss after pharmaceutical services provider McKesson Corp. (NYSE: MCK) issued a guidance cut due to nationwide drug pricing pressure on wholesalers. GovCon Index gainers outnumbered laggers at a 2-to-1 r...
