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The State Department has approved Sweden™s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the pr...

https://www.youtube.com/watch?v=mdSiX9K2fro Tackling global security threats. Hundreds of delegates gathered over the weekend to discuss global issues at the Munich Security Conference (MSC). Each February, the MSC brings together more than 450 senior decision-makers from around the world, including heads of state, ministers, leaders of internationa...

The U.S. Navy has awarded five companies separate contracts to provide a conceptual design of the service™s future guided missile frigate. The Naval Sea Systems Command received six proposals for the firm-fixed-price contracts as part of the FFG(X) ship program, the Defense Department said Friday. NAVSEA selected Austal‘s U.S. subsid...

Mark Hughes, a retired U.S. Air Force colonel, has been appointed chief financial officer at Advanced Concepts and Technologies International. He will oversee the Arlington, Virginia-based government acquisition support services provider’s programs, budgeting and strategic planning efforts as well as assess merger and acquisition opportun...

TYSONS CORNER, VA, Feb. 9, 2018 ” Parsons has established a fellowship program for technical professionals at the company in efforts to drive engagement and innovation and help address customers’ technical challenges, GovCon Executive reported Thursday. The company said Wednesday the Fellows Program, which will induct the first ...

The U.S. Navy has issued the final request for proposals for multiyear contracts to procure Flight III Arleigh Burke-class guided missile destroyers (DDG-51). The service branch said Thursday the multiyear procurement contracts will run from fiscal year 2018 through FY 2022 and will be limited for competition between Huntington Ingalls Industries (N...

Harris (NYSE: HRS) has received a $161 million modification under a U.S. Navy contract to produce jammer systems for the Integrated Defensive Electronic Countermeasures platform on the carrier-based F/A-18 aircraft. The Defense Department said Thursday the modification exercises a contract option for the full-rate production of 8...

TYSONS CORNER, VA, Feb. 5, 2018 ” Whitney Bradley and Brown has received recognition as a certified “great workplace” based on an anonymous survey of WBB employees administered by independent analysts at the Great Place to Work Institute, GovCon Executive reported. “We do our best to provide a culture and environment that...

Raytheon (NYSE: RTN) has received a $235 million initial task order from the U.S. Army to modernize the Phased Array Tracking Radar Intercept on Target system. The award represents the first of five annual orders the Army would issue annually as part of a potential five-year, $2.3 billion Patriot system-of-systems engineering support contr...