Richard White, a 31-year veteran from Harris Corp. (NYSE: HRS) and former CEO of government services contractor Capstone Corp., has joined spacecraft system and satellite manufacturer Space Systems Loral to lead SSL’s U.S. government business as a senior vice president. Palo Alto, Calif.-based SSL said Thursday White will be based ou...
The U.K.-based subsidiary of Raytheon (NYSE:RTN) has secured a five-year, $159.3 million contract extension from the British air force to manage support services for the country’s Sentinel surveillance aircraft fleet. Raytheon said Friday it will optimize the design, modification, configuration management and supp...
TYSONS CORNER, VA, Oct. 27, 2016 ” A study conducted by Deloitte has found that the total cost overrun of major defense acquisition programs reached $468 billion in 2015 with a 48.3-percent growth from 2008’s $295 billion, ExecutiveBiz reported Tuesday. Deloitte said Monday the report found that there is a trend of cost growth and...
Ryan Kearny, an 18-year veteran of F5 Networks (Nasdaq: FFIV), has been named chief technology officer and executive vice president for product development at the Seattle-based application delivery firm. F5 said Wednesday Kearny will report directly to President and CEO John McAdam and oversee the company’s efforts to ...
CSRA (NYSE: CSRA) has received a potential $166.9 million task order to manage the enterprise service operations center of the Defense Intelligence Agency. The company said Wednesday it will also integrate and standardize remote and in-field customer support processes at ESOC. The center is comprised of self-h...
Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index̵...
The State Department has approved a potential $75 million foreign military sale of exercise participation support services to the United Arab Emirates. The Defense Security Cooperation Agency said Monday. UAE requested the sale of military exercises, aerial refueling, airlift and ferry support, training, technical and logistics support services...
Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 ratio ...
Engility (NYSE: EGL) has received a potential five-year, $369 million contract from the U.S. Transportation Department to provide technical and engineering services in support of the Federal Aviation Administration™s efforts to update the country™s air traffic management system. The cost-plus-fixed-fee contract awarded by DOT™s Volpe ...
The U.S. Air Force plans to implement a potential $950 million follow-on contract vehicle for cyber technology development support services to the Air Force Research Laboratory’s information directorate. The Agile Cyber Technology 2 indefinite-delivery/indefinite-quantity contract is open to small businesses and encomp...
