The U.S. Army has awarded a $154 million contract to General Electric‘s (NYSE: GE) aviation segment and a $102 million contract to Advanced Turbine Engine Co. to conduct preliminary design reviews for an updated helicopter turbine engine technology. The Defense Department said Monday the compan...
Lockheed Martin‘s (NYSE:LMT) mission systems and training business has secured a potential $79.6 million contract from the U.S. Navy to build a combat management system for Littoral Combat Ships. The Defense Department said Monday the contract covers the development and integration of hardware and software as well as combat system te...
Craig McKinley, president and CEO of the National Defense Industrial Association, plans to retire by Dec. 31 after a two-year term as the trade group’s leader. NDIA said Monday he has led the association’s efforts to develop a new strategic direction and establish relationships with government, corporate and academic stakehold...
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $10.02 billion indefinite-delivery/indefinite-quantity contract to support the military branch’s C-130J Super Hercules production effort. The sole-source contract also includes foreign military sales, the Defense Department said Fri...
TYSONS CORNER, VA, Aug. 19, 2016 ” Leidos (NYSE: LDOS) has added Gregory Dahlberg, Surya Mohapatra and Susan Stalnecker to its board of directors as the company closes its $5 billion merger with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions segment, GovCon Executive reported Wednesday. The appointments bring ...
CACI International (NYSE: CACI) topped Wall Street’s expectations for earnings and revenue in the GovCon Index-listed government services contractor’s fourth quarter and fiscal year 2017 financial results released before markets opened Thursday. Arlington, Virginia-based CACI’s February acquisition of the former L-3 National S...
Unisys (NYSE: UIS) has won a potential eight-year $232 million contract from the Agriculture Department to continue to update applications and provide software development and maintenance services for USDA™s rural development agency. USDA made the award through the National Institutes of Health‘s Chief Information Officer-S...
Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers wi...
Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told CNBC in an interview aired Tuesday that he thinks that all U.S. presidents tend to act the same way when it comes to the country™s defense and security of its citizens. Krone made the comment in response to a question on the potential impacts of the change...
TYSONS CORNER, VA, Aug. 16, 2016 ” BAE Systems has unveiled a cybersecurity and threat intelligence hub in Malaysia in support of cyber awareness and cyber technology adoption efforts in the country, ExecutiveBiz reported Monday. The company said Thursday the Malaysian Nerve Center in Kuala Lumpur will work alongside BAE’s&...
