S&K Aerospace has won a potential 15-year, $4.2 billion contract from the U.S. Air Force to provide logistics, maintenance and technical support services for 107 foreign military sales customers under the Parts and Repair Ordering System V program. The Air Force Life Cycle Management Center received four proposals for the indefinite-de...
Jacobs Engineering Group (NYSE: JEC) has received a potential 10-month, $246.5 million contract modification to continue to provide engineering, science and technical support for NASA™s Marshall Space Flight Center in Alabama. The modification seeks to exercise an option in the Engineering and Science Services and Skills Augmentation ...
Military shipbuilder Huntington Ingalls Industries (NYSE: HII) has agreed to acquire government services contractor Camber Corp. for $380 million in a move to diversify revenue and add new information technology work with U.S. defense, intelligence and civilian agencies. Huntington Ingalls’ move for Camber comes in a year where other ...
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...
October 24 – October 28, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Outlooks of the government contracting market’s future trajectory and its ongoing dynamics dominated the attention of sector leaders and observers this week, during which GovCon Wire helped ...
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 ...
