Fitch Ratings has said it projects a 3 percent to 5 percent growth in the relevant areas of the global addressable defense market over the next three years with the U.S. budget to constitute 45 percent to 50 percent of the market. Fitch said Monday it estimates the addressable global defense market is worth approximately between...
LTM has received a five-year, $86.8 million indefinite-delivery/indefinite-quantity contract for logistics and technical support to the U.S. Navy and Marine Corps. The Navy received one offer for the small business set-aside contract and work covers planning, analysis, development, training, support equipment managemen...
Space Systems Loral has been awarded a potential five-year, $127 million firm-fixed-price contract to support the development, deployment and operation of a robotic space vehicle for NASA’s in-orbit satellite servicing mission. SSL will provide spacecraft bus, critical hardware and associated services for the Restore-L ...
Executive Mosaic’s GovCon Index closed above the 90-point mark for the first time since its October 2014 inception as Huntington Ingalls Industries (NYSE: HII) and services contractors led gains to offset declines by Northrop Grumman (NYSE: NOC) and other defense primes on a positive day for U.S. stocks. Monday’s stro...
TYSONS CORNER, VA, Dec. 5, 2016 ” Rebecca Cowen-Hirsch, senior vice president for government strategy and policy at Inmarsat, believes the incoming U.S. administration will facilitate continued maturity of satellite service partnerships between the commercial and government sectors, ExecutiveBiz reported Wednesday. Space News reported Tues...
The U.S. Navy looks to unload its Boeing-built F/A-18 Hornet fighter jets and buy F/A-18E/F Super Hornet aircraft to address a shortage of fighters jets aboard the service branch’s carriers, Reuters reported Saturday. Andrea Shalal writes a Navy official said the plan could be implemented as part of the fiscal year 2018 bud...
Executive Mosaic’s GovCon Index traded higher Friday in a mixed session for U.S. stocks as investors looked at November jobs figures above economists’ expectations and furthered anticipation of an interest rate hike Dec. 14. The GCI ends at its fourth straight weekly advance, while the S&P 500 closed flat Friday on financial stock de...
November 28 – December 2, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Jack London, executive chairman of CACI International’s board of directors, is an iconic figure to the government contracting and Washington, D.C. business communities. Often referred to as the ...
Huntington Ingalls Industries (NYSE: HII) has officially launched its new government services business segment upon the completion of the Newport News, Virginia-based military shipbuilder’s $380 million purchase of Camber Corp. announced in November. Huntington Ingalls said Friday the segment will operat...
The U.S. Navy has awarded 17 companies positions on a potential five-year, $750 million contract to provide a wide range of support services for the military branch’s operations in U.S. states and Puerto Rico. The indefinite-delivery/indefinite-quantity contract carries a one-year base value of $50 million and work could extend through De...
