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Lockheed Martin (NYSE: LMT) will receive approximately $1 billion in additional funds from the Defense Department after DoD decided to reimburse the company for production costs incurred on lot 9 of the F-35 Lightning II aircraft, Defense News reported Thursday. Valerie Insinna writes the F-35 joint program office will obligate funds for low-ra...

Executive Mosaic’s GovCon Index turned downward Friday to end at a weekly loss as U.S. stocks also held negative after July’s retail sales report showed no change from the previous month and new manufacturing data also fell below economists’ expectations. For the week, the Index registered a 0.315-point dec...

TYSONS CORNER, VA, Aug. 12, 2016 ” SOS International‘s Exovera subsidiary will provide its EV3 cloud-based media analysis software to support the U.S. diplomatic mission in Afghanistan under a five-year contract with the State Department, ExecutiveBiz reported Thursday. SOSi said Wednesday EV3 will work to mo...

TYSONS CORNER, VA, Aug. 12, 2016 ” A BAE Systems geospatial technology will support a newly established business unit within The Rodgers Group by serving as a platform to convert text-based emergency action plans into collaborative response visuals, ExecutiveBiz reported Thursday. The public safety consulting ...

Paul Litchfield, a director at Mission Ready Services, has been appointed chief operating officer of the Vancouver, British Columbia-based product development and consulting firm. Rod Reum, president and CEO of Mission Ready, said in a statement released Wednesday Litchfield™s leadership and operational experience will help the company manufact...

Raytheon (NYSE: RTN), L-3 Communications (NYSE: LLL) and ViaSat (Nasdaq: VSAT) have won separate contracts to provide protected tactical service field demonstration support services to the U.S. Air Force. The service branch awarded the cost-plus-incentive-fee contracts through a competitive acquisition process with five proposals rece...

Mike DeMaioribus, executive vice president of business operations at Dynetics, plans to retire from the company on Sept. 14 after a 39-year career at the Huntsville, Alabama-based engineering, applied science and information technology contractor. He is responsible for corporate finance, contracts, security, facilities, project s...

Executive Mosaic’s GovCon Index staged a rally Thursday to barely miss a new record close as Orbital ATK (NYSE: OA) regained some ground from a record plunge in the previous session and Lockheed Martin (NYSE: LMT) rose to a new 52-week high in intraday trade. The Index closed 0.179 points shy of the current record close set...