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India™s defense ministry looks to purchase $2 billion worth of Pinaka multi-barrel rocket launchers for six regiments within 18 months, Defense News reported Thursday. The proposed acquisition came five months after the ministry ordered India-made rocket launchers worth approximately $350 million for two regiments. Larsen & Toubro and ...
Weekly Roundup May 8 – May 12 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson It™s been nearly a decade since Satoshi Nakamoto first dreamt up the core component of the technology known as blockchain “ the decentralized, digital currency Bitcoin has evolved i...
The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tacti...
Boeing (NYSE: BA) has received a $488.1 million contract modification from the U.S. Army to remanufacture 38 helicopters for the U.K. army and acquire three crew trainers along with associated spares as part of a foreign military sales agreement. The Defense Department said Thursday the modification covers remanufacturing of 38 AH-64 Apach...
https://www.youtube.com/watch?v=iNOeqxZ-WxA Defense Secretary Jim Mattis, Lithuanian Defense Minister Raimundas Karoblis, Estonian Defense Minister Margus Tsahkna and Latvian Defense Minister Raimonds Bergmanis speak to reporters in Vilnius, Lithuania, May 10, 2017....
President Trump signed an executive order Thursday to improve the federal government’s cybersecurity and critical infrastructure, after a spate of high-profile government hackings in recent years, a senior administration official told reporters on a call. “I think the trend is going in the wrong direction on cyberspace,” ...
KeyW Corp. (Nasdaq: KEYW) has named John Sutton, formerly head of Vencore™s defense, civilian and homeland security group, as chief operating officer and 22-year employee care and recruitment professional Marion Ruzecki as chief people officer. Sutton will succeed the departing COO Mark Willard on May 15, KeyW said Wednesday. ...
In a move that Defense One described as “unprecedented,” the U.S. Air Force plans to allow a defense company to choose the USAF’s new electronic-attack jet. According to industry sources and Pentagon officials, this is the first time in the 70-year history of the Air Force that a defense contractor has been allowed to choose t...
Vectrus, Inc. (NYSE:VEC) saw its stock rise 3 percent after it announced better than expected first quarter 2017 results of $290.1 million revenue, and operating income of $11.6 million and diluted earnings per share of $0.60. Net cash provided by operating activities was $9.9 million in the first quarter or 4% operating margin, compared to $11...
Belcan, LLC announced several new senior hires to its recently launched Belcan Government Services (BGS) group. They include Rodney Hite, Vice President, Growth and Strategy, Clint Green, Vice President, Technology and Innovation, and Bob Kwaja, Vice President, Finance, according to a Belcan press release. Belcan™s new Government Services group...
