Raytheon has received a $90 million contract to produce a new multi-spectral targeting system variant for the U.S. Air Force. The AN/DAS-4 MTS sensor works to provide soldiers with intelligence data derived from aerial tactical sensors to help them detect and engage airborne targets, the company said Friday. AN/DAS-4 has a three-color diode pump las...
TYSONS CORNER, VA, April 28, 2016 ” Huntington Ingalls Industries (NYSE: HII) has conducted a 30-day test of the endurance of an unmanned undersea vehicle its Undersea Solutions Group subsidiary built in partnership with Battelle, ExecutiveBiz reported Wednesday. HII said Tuesday the team checked the Proteus UUV’s autonomous beh...
The GovCon Index soared 1.396 percent to 77.998 Wednesday on a series of pre-market earnings reports from several large defense prime contractors as Boeing (NYSE: BA) overcame an early morning decline to close in positive. GovCon Wire posted a summary of all six GovCon Index-related earnings figures plus that of United Techn...
Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one fo...
The U.S. Navy has awarded an Orbital ATK (NYSE: OA) business unit a $121.4 million contract modification to exercise an option to convert AGM-88B High-Speed Anti-Radiation Missiles into 145 Lot 5 full-rate production, anti-radiation guided missile all-up-rounds. Orbital ATK’s defense electronic systems unit will also provid...
The State Department has cleared a proposed $260 million foreign military sale of Raytheon-built (NYSE: RTN) Rolling Airframe Missiles and related equipment to Qatar. Qatar ordered 252 RIM-116C rolling airframe tactical missiles and two RIM 116C-2 rolling airframe telemetry missiles in efforts to protect its naval forces and oil and gas infrastructu...
April 18 – April 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government...
The GovCon Index staged a full reversal from an early morning dip into negative territory Tuesday to close at a gain of 0.482 points to 74.487 as energy shares helped spur U.S. markets into positive. Huntington Ingalls Industries (NYSE: HII) was the GCI’s top nominal gainer at $2.22 — or 1.6 percent — to $141.31 after...
TYSONS CORNER, VA, April 8, 2016 ” The U.S. Air Force could spend an estimated $533 million on the construction of hangars and other facilities to accommodate the service branch’s fleet of Lockheed Martin-built (NYSE: LMT) F-35 jets at Eielson Air Force Base, Executive Gov reported Thursday. Newsminer reported Wednesday&nbs...
Mark Gerencser, the three-decade Booz Allen Hamilton (NYSE: BAH) veteran and six-term director there, has joined the board of directors at McLean, Virginia-based government and national security engineering services contractor Alion Science & Technology approximately seven months after its acquisition by private equity firm Veritas Capita...
