The U.S. government could approve this month a pair of foreign military sales agreements for Qatar and Kuwait to procure up to 76 Boeing-built (NYSE: BA) F-15 and F/A-18E/F Super Hornet jets worth an estimated $7 billion, Reuters reported Thursday. Tom Finn and Andrea Shalal write sources said the deals include the sale of 3...
Executive Mosaic’s GovCon Index started September with a slight decline Thursday to register its third straight loss as Vectrus (NYSE: VEC) plunged almost 20 percent on the loss of a contract for Middle East-based logistics services the company held since 2010. Colorado Springs-based Vectrus said pre-open the Army Prepositioned Stock...
Melbourne, Florida-based Harris Corp. (NYSE: HRS) has confirmed one appointment to the board of directors and the nomination of a second as part of the communications technology maker’s cooperation agreement with activist hedge fund Jana Partners. Barry Rosenstein’s Jana disclosed its position as one of Harr...
Sikorsky Aircraft, a subsidiary of Lockheed Martin (NYSE: LMT), has received a $158.4 million contract modification from the U.S. Army to exercise an option to manufacture an additional 14 UH-60 Black Hawk helicopters. The Defense Department said Tuesday the Army Contracting Command will obligate the full amount of the ...
Huntington Ingalls Industries™ (NYSE:HII) Ingalls Shipbuilding division has secured an $88.2 million contract from the U.S. Coast Guard to procure long-lead materials for the production of a ninth National Security Cutter. Ingalls Shipbuilding will use the funds to purchase steel, main propulsion systems, generators, electrical switchboard...
Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losse...
A General Dynamics (NYSE: GD) subsidiary has secured a one-year, $300.6 million contract to provide lead yard services and support development studies and design efforts for the U.S. Navy‘s Virginia-class submarines. The Defense Department said Tuesday that Electric Boat Corp. will help the military branch maintain and...
TYSONS CORNER, VA, Aug. 29, 2016 ” Ensco has received a $4 million contract to provide the Department of Homeland Security an integrated sensor system that works to detect biological and environmental health hazards in buildings, ExecutiveBiz reported Friday. The company said Thursday the technology will consist of an aeroso...
TYSONS CORNER, VA, Aug. 29, 2016 ” DigitalGlobe (NYSE: DGI) has worked with Amazon Web Services (Nasdaq: AMZN), CosmiQ Works and NVIDIA to build the SpaceNet online repository of satellite imagery and training data, ExecutiveBiz reported Thursday. The repository works to support the development of machine learning and deep learn...
TYSONS CORNER, VA, Aug. 29, 2016 ” Iridium Communications (Nasdaq: IRDM) CEO Matt Desch has said the Federal Aviation Administration will base its potential decision next year on the deployment of the Iridium NEXT satellite service based on the results of an ongoing cost-benefit analysis, ExecutiveBiz reported Wednesday. The...
