Fitch Ratings has said it projects a 3 percent to 5 percent growth in the relevant areas of the global addressable defense market over the next three years with the U.S. budget to constitute 45 percent to 50 percent of the market. Fitch said Monday it estimates the addressable global defense market is worth approximately between...
The U.S. Navy looks to unload its Boeing-built F/A-18 Hornet fighter jets and buy F/A-18E/F Super Hornet aircraft to address a shortage of fighters jets aboard the service branch’s carriers, Reuters reported Saturday. Andrea Shalal writes a Navy official said the plan could be implemented as part of the fiscal year 2018 bud...
TYSONS CORNER, VA, Dec. 2, 2016 ” The Indiana Department of Transportation has deployed Avaya‘s Fabric Connect network and video surveillance program to help monitor traffic congestion along the state’s urban interstate roads, ExecutiveBiz reported Thursday. Fabric Connect will work to provide video feeds and an online map of r...
The U.S. Navy has awarded 17 companies positions on a potential five-year, $750 million contract to provide a wide range of support services for the military branch’s operations in U.S. states and Puerto Rico. The indefinite-delivery/indefinite-quantity contract carries a one-year base value of $50 million and work could extend through De...
Lockheed Martin (NYSE: LMT) has been awarded a four-year, $133.4 million contract modification by the U.S. Air Force to provide a stretch version of the C-130J Super Hercules airlifter to France. Lockheed’s aeronautics business will build C-130J-30 aircraft for the French military at a company facility in Marietta, Georgia, and ...
Executive Mosaic’s GovCon Index posted a small gain Friday to register its second consecutive weekly gain on continued positive sentiment among investors toward defense stocks compared to other sectors. U.S. stocks traded lower Friday on healthcare sector declines to continue the slowdown in markets from the post-election rally but t...
November 14 – November 18, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson One of the country™s œBig Three credit rating agencies has bolstered its view of the government contracting sector™s prospects under incoming President Donald Trump and in particular d...
TYSONS CORNER, VA, Nov. 16, 2016 ” The New York State Department of Transportation has awarded ICF (Nasdaq: ICFI) approximately $7 million in additional funds to aid the former’s statewide active and transportation demand management initiative, ExecutiveBiz reported Tuesday. The company said Monday it will help develop NYSDOT’s regi...
Palo Alto, California-based analytics firm Sysorex (Nasdaq: SYRX) has agreed to purchase certain assets of information technology services provider Integrio Technologies in a move to add new contracts and clients to Sysorex’s professional services and government value-added reseller business segments. Sysorex said Wedn...
LaMont Wells, formerly president and chairman of the board of directors at Technology Management Associates, has joined AECOM (NYSE: ACM), as executive vice president of business development for the company™s management services group. œLaMont™s understanding of the federal market will be invaluable as he leads our business developmen...
