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...
A subsidiary of Lockheed Martin (NYSE: LMT) has won a potential 10-year, $5 billion contract to help the National Nuclear Security Administration manage and operate the Nevada National Security Site. NNSA said Friday it chose Lockheed subsidiary Nevada Site Science Support and Technologies Corp.‘s proposal for the follow-on NNSS M&am...
Lockheed Martin (NYSE: LMT) has received a $287.2 million contract modification to produce an additional five C-130J type aircraft for the U.S. Air Force. The Defense Department said Friday Lockheed will perform work in Marietta, Georgia, through Apr. 30, 2020. DoD noted the full obligated amount is from the Air Force’s fiscal y...
August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued ̶...
