Robert Leduc, a 35-year veteran of United Technologies Corp. (NYSE: UTX), has been named president of UTC’s aircraft engine unit Pratt & Whitney. He will succeed Paul Adams, who has led the business since 2014 and will retire by the end of February after a 17-year career at UTC, the company said Thursday. Ledu...
NASA has awarded Orbital ATK (NYSE: OA), Sierra Nevada and SpaceX a second round of potential multi-billion dollar contracts to deliver cargo to and from the International Space Station through 2024 in support of efforts to end U.S. reliance on Russia for access to space by 2017, agency officials said Thursday. Each new Commercial Resupply...
The GovCon Index showed signs of life Thursday with a gain of 1.105 percent to 73.040 amid further turmoil in international financial markets as U.S. stocks also rallied amid global losses. The S&P 500 rose 1.67 percent to show its largest gain in almost six weeks and go back above the 1, 900 mark. Crude...
TYSONS CORNER, VA, January 14, 2016 ” David Young, vice president of federal government sales at Level 3 Communications (NYSE: LVLT), told ExecutiveBiz in an interview published Tuesday he believes government agencies will transition to more service-level agreements and company-owned/company-operated network environments. “It is inte...
The GovCon Index failed to carry momentum from its Tuesday rebound and plummeted 2.671 percent to 72.284 Wednesday as steep losses in consumer stocks spurred a large-scale selloff in U.S. financial markets. The Index has declined 6.2 percent since the start of 2016 and is down 8.11 percent from its most recent high of 78.669...
TYSONS CORNER, VA, January 13, 2016 ” Booz Allen Hamilton (NYSE: BAH) launched the Sailfish portfolio to provide government and commercial organizations the tools to manage raw data, ExecutiveBiz reported Tuesday. Booz Allen said Monday the portfolio aims to help users analyze datasets and collaborate with Booz Allen professionals on ...
Fred Funk, formerly senior vice president of the national security group at Preferred Systems Solutions, has joined Vistronix as president of cyber and signals intelligence systems. Funk will oversee the company’s strategy, operations and business development efforts focused on the National Security Agency, Vistronix said Tuesday. “As...
Informatica has made several appointments to leadership roles within the company. Anil Chakravarthy, acting CEO of Informatica since August 2015, has been appointed to the chief executive role on a full-time basis by the company’s board of directors, the company said Tuesday. Chakravarthy has led the company’s efforts to grow in the...
The GovCon Index snapped a four-day streak of declines Tuesday with a surge upward of 1.129 percent to 74.285 in another volatile trading day for U.S. financial markets driven by continued oil price declines and attention on China. Crude oil futures in New York settled 50 minutes later than usual due to volatility and ended...
TYSONS CORNER, VA, January 12, 2016 ” Huntington Ingalls Industries™ (NYSE: HII) shipbuilding division updated Chief of Naval Operations Adm. John Richardson on the current construction of the four classes of military vessels for the U.S. Navy and the U.S. Coast Guard, ExecutiveBiz reported Monday. HII said Friday Richardson...
