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Executive Mosaic’s GovCon Index posted a 2.21% week-on-week gain, its highest weekly gain in 2024. The index, which tracks the stock performances of 30 major government contractors, ended positive in four of five sessions for the week and rose 0.13% to $5,032.33 Friday. On Wall Street, the Dow Jones Industrial (+2.2%), S&P 500 (+1.9%) and Nas...
VideoRay will produce and deliver remotely operated underwater vehicles for the U.S. Navy’s Maritime Expeditionary Standoff Response program under a five-year, $92.7 million indefinite-delivery/indefinite-quantity contract. The contractor will provide hardware and software components and perform repair and training services to produce and sust...
Lockheed Martin (NYSE: LMT) has secured a pair of modifications worth $553.4 million combined to build and deliver surface-to-surface rocket weapon systems to the U.S. Army and foreign military customers. The company will provide Guided Multiple Launch Rocket Systems to the service branch under a $332.1 million modification to a GMLRS supply contrac...
Anna Ehrhardt, formerly chief information security officer for the Leidos Partnership for Defense Health at Leidos (NYSE: LDOS), has joined General Dynamics‘ (NYSE: GD) information technology unit as vice president of digital transformation strategy for the federal health sector. Ehrhardt, who announced the move in a LinkedIn post, has over a ...
Science Applications International Corp. (Nasdaq: SAIC) has received a potential five-year, $232 million task order from the U.S. Army to provide systems engineering and information technology modernization support to help the military branch build signals intelligence and electronic warfare systems. SAIC said Thursday the task order was awarded und...
The Potomac Officers Club has set a date for the return of its renowned Homeland Security Summit. On November 13, the event will once again provide a space for national security leaders to tackle the key challenges and opportunities shaping the field today. Each year, the annual Homeland Security Summit brings together key national security...
Mobix Labs has agreed to buy RaGE Systems in a transaction that will expand its capabilities to produce wireless communications systems. Rage Systems is a Massachusetts-based radio frequency joint design manufacturer focused on developing products for 5G communications, software-defined radio and mmWave imaging used by customers across defense and a...
Frontgrade Technologies has appointed Kevin Fox, former chief financial officer of Thermon Group Holdings, as CFO and Allen Couture, formerly executive vice president of execution excellence at Mercury Systems (Nasdaq: MRCY), as chief operating officer. Fox and Couture will join Frontgrade’s leadership team and succeed outgoing CFO Conrad Ga...
The ever-increasing pace of technological advancement has put pressure on the Department of Defense to ramp up its exploration of 5G, a technology that plays a major role in today’s digitally-driven battlefield. At the Potomac Officers Club’s 2024 5G Forum on May 22, you will have the opportunity to hear elite public and private sector experts...
By Kim Koster, VP of Industry Marketing at Unanet Preparing for an incurred cost submission audit can seem like quite a major challenge for any government contractor. The Defense Contract Audit Agency conducts these audits and can make even the most seasoned contractors feel overwhelmed. However, this process can be streamlined with the right pre...
