Executive Mosaic’s GovCon Index registered its largest single-day loss this week and a massive 9.31% weekly loss. Besides the 6.2% plunge Thursday, the substantial gains (+4.7%) from the previous record-setting week were gone. The index, which tracks the stock performances of 30 major government contractors, closed 1.78% lower at $5,160.07 Fri...
The State Department has approved the possible sale of F-16 Fighting Falcon engine components and support to the government of Greece. The proposed foreign military sale is estimated to be valued at $160 million with General Electric Aerospace serving as the principal contractor, the Defense Security Cooperation Agency said Thursday. The purchase wi...
Pete Hegseth, a Fox News host and U.S. Army veteran, was chosen by President-elect Donald Trump to serve as secretary of the Department of Defense, The Wall Street Journal reported Tuesday. The former infantry captain in the Army National Guard served at Guantanamo Bay and later in Iraq. He also served in Afghanistan with the...
The State Department has approved the Czech Republic’s request to purchase satellite communication systems and related support for approximately $184 million. The Defense Security Cooperation Agency said Tuesday Congress has been notified of the potential foreign military sale, which will include the transfer of communications equipment from U...
The State Department has approved South Korea’s foreign military sale request for E-7 Airborne Early Warning and Control Aircraft, related equipment and support services valued at approximately $4.92 billion. The Defense Security Cooperation Agency said Monday Boeing will serve as the principal contractor for the potential deal. The agenc...
CACI International has completed its acquisition of Azure Summit Technology, a developer of high-performance radio frequency, for approximately $1.28 billion. The Reston, Virginia-headquartered defense contractor said Wednesday the all-cash transaction expands its portfolio of offerings, particularly into the maritime and airborne markets. In his st...
The State Department has cleared Argentina’s foreign military sale request for F-16 Aircraft equipment and support worth an estimated $941 million. The Defense Security Cooperation Agency said Wednesday Lockheed Martin will be the principal contractor for the potential deal, which will cover the delivery of missiles, bombs and ...
The State Department has cleared Denmark’s request to purchase AIM-120D-3 Advanced Medium Range Air-to-Air Missiles for approximately $744 million. The Defense Security Cooperation Agency said Tuesday that the Danish government plans to purchase 203 AIM-120D-3 AMRAAM missiles and nine AIM-120D-3 AMRAAM guidance sections that include precise po...
The State Department has approved Taiwan’s two foreign military sales requests worth approximately $2 billion combined for National Advanced Surface-to-Air Missile Systems, AN/TPS-77 and AN/TPS-78 radar turnkey systems, related equipment and services. The Defense Security Cooperation Agency said Friday it has already notified Congress of the propo...
The State Department has approved the Kingdom of Saudi Arabia’s request to purchase tube-launched, optically-tracked, wireless-guided, radio frequency TOW 2A and TOW 2B missiles for an estimated cost of $440 million. RTX will serve as the principal contractor for the proposed foreign military sale, the Defense Security Cooperation Agency...
