Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned ...
Raytheon (NYSE: RTN) has received a contract worth approximately $600 million to update the Patriot integrated air and missile defense system of an unidentified country. The company said Thursday the direct commercial sales contract covers Configuration 3+ Post Deployment Build 8 software and hardware suite. Altogether, the 13 countri...
The U.S. Air Force has launched a full and open competition on the development of a new Joint Surveillance Target Attack Radar System to support airborne battle management command-and-control, intelligence, surveillance and reconnaissance operations of joint and coalition forces. A request for proposal document for the JSTARS Recap...
The U.S. Navy has awarded a Raytheon (NYSE: RTN) business unit a $207.9 million foreign military sale contract to manufacture Stinger FIM-92H and FIM-92F Block 1 missiles and associated equipment for three international customers. Raytheon Missile Systems will also deliver captive flight trainers, other training devices and related sp...
TYSONS CORNER, VA, Dec. 28, 2016 ” Professional Services Council has appointed Carey Smith, president of Parsons‘ federal business unit, to be the secretary of the trade association’s board of directors, GovCon Executive reported Thursday. Smith will also continue to serve as a member of PSC’s executive committee for anot...
TYSONS CORNER, VA, Dec. 28, 2016 ” The State Department has approved the $37 million sale of 750 Boeing-built (NYSE: BA) Joint Direct Attack Munition tail kits and associated equipment to the government of Kuwait, ExecutiveBiz reported Tuesday. The Defense Security Cooperation Agency said Friday the foreign military sales contract wil...
Executive Mosaic’s GovCon Index closed Friday with a 0.001-point gain to 88.541 to remain nearly flat in the last day of trading before the holiday. Financial markets were thinly traded and showed minor change before the weekend. Gainers in the Index outnumbered decliners 19 to 11. Market Summary Index Value Net Change % Change GovCo...
Executive Mosaic’s GovCon Index closed unchanged. Financial markets were thinly traded and showed minor change in preparation for the upcoming Holiday. The GovCon Index ending the day at 88.541 up 0.001 points or 0.001 percent. Gainers outplaced decliners 19 to 11. Market Summary Index Value Net Change % Change GovCon Index 88.541 +0.001 ...
President-elect Donald Trump has asked Boeing (NYSE: BA) to quote a competing price for its F-18 Super Hornet fighter aircraft citing cost overruns in the Lockheed Martin-built (NYSE: LMT) F-35 jet, Bloomberg reported Thursday. Anthony Capaccio and Alex Wayne write Trump made the announcement in a Twitter post Thursday a day after he ...
The Defense Logistics Agency has awarded 142 companies positions on a potential eight-year, $6 billion contract to compete for a range of information technology task orders in support of DLA and other Defense Department agencies. DLA awarded the indefinite-delivery/indefinite-quantity contract through a competitive procurement process and will ...
