Boeing (NYSE: BA) has received a $488.1 million contract modification from the U.S. Army to remanufacture 38 helicopters for the U.K. army and acquire three crew trainers along with associated spares as part of a foreign military sales agreement. The Defense Department said Thursday the modification covers remanufacturing of 38 AH-64 Apach...
TYSONS CORNER, VA, May 11, 2017 ” Lockheed Martin (NYSE: LMT) has showcased several unmanned and autonomous technologies during a media event at its missiles and fire control facility in Texas, ExecutiveBiz reported Wednesday. The company said Tuesday technologies included in the demonstration are the Indago quadrotor unmanned aircraf...
President Trump signed an executive order Thursday to improve the federal government’s cybersecurity and critical infrastructure, after a spate of high-profile government hackings in recent years, a senior administration official told reporters on a call. “I think the trend is going in the wrong direction on cyberspace,” ...
A business unit of General Atomics has received a $221.6 million contract modification to supply with U.S. Army with extended-range Gray Eagle unmanned aircraft systems, associated hardware and support. The Defense Department said Wednesday that General Atomics Aeronautical Systems Inc. will deliver 20 extended-range UAS uni...
The Executive Mosaic GovCon Index closed down 0.199 percent to 93.292. Vectrus reported strong first quarterly financial results to top of the GovCon Index board posting a 12.00 percent gain. Major markets closed mixed with S&P pushing up against the 2,400 mark closing at new high of 2,399.63. The NASDAQ continues its strong performanc...
In a move that Defense One described as “unprecedented,” the U.S. Air Force plans to allow a defense company to choose the USAF’s new electronic-attack jet. According to industry sources and Pentagon officials, this is the first time in the 70-year history of the Air Force that a defense contractor has been allowed to choose t...
The decision on whether to increase U.S. forces in Afghanistan has not yet been made, the chairman of the Joint Chiefs of Staff said Tuesday. DOD News reported that Marine Corps Gen. Joe Dunford said national security leaders have not presented President Donald J. Trump with Afghanistan troop recommendations for the years 2017 and beyond. ...
TYSONS CORNER, VA, May 10, 2017 ” Serco will collaborate with Content Guru to deliver the latter’s storm cloud-based communications integration platform to provide contact center support for the public sector, ExecutiveBiz reported Tuesday. The platform will work to streamline communications from the public through social media, emai...
Vectrus, Inc. (NYSE:VEC) saw its stock rise 3 percent after it announced better than expected first quarter 2017 results of $290.1 million revenue, and operating income of $11.6 million and diluted earnings per share of $0.60. Net cash provided by operating activities was $9.9 million in the first quarter or 4% operating margin, compared to $11...
Belcan, LLC announced several new senior hires to its recently launched Belcan Government Services (BGS) group. They include Rodney Hite, Vice President, Growth and Strategy, Clint Green, Vice President, Technology and Innovation, and Bob Kwaja, Vice President, Finance, according to a Belcan press release. Belcan™s new Government Services group...
