Defense Secretary nominee James Mattis has agreed to resign from his board position at General Dynamics (NYSE: GD) and divest all of his business holdings with the company if the Senate confirms him as the next leader of the Defense Department, Politico reported Saturday. Jeremy Herb and Connor O™Brien write Mattis, who ...
Airbus has secured a $506 million contract from the U.K.’s defense ministry to provide in-service support for the Atlas A400M airlifters of the British air force. The ministry said Thursday the contract covers maintenance, upgrade and repair services for the country’s Atlas fleet through 2026. Julian Young, chief...
IMI Systems has secured a potential seven-year, $450 million contract to provide munitions to Israel’s infantry and armor units, Defense News reported Monday. Barbara Opall Rome writes that Israel’s defense ministry said the multiyear procurement effort will help the Israeli armed forces to resupply the country’s inventory of...
Leidos (NYSE: LDOS) has received a potential five-year, $202 million subcontract from CACI International (NYSE: CACI) for intelligence, analytical operations and training services in support of the Joint Improvised-Threat Defeat Organization. Leidos will support JIDO™s global Focused Support/Decisive Effort that seeks to facilitate the Def...
https://www.youtube.com/watch?v=go0Lk6fUs0o FBN’s Charlie Gasparino. Democratic Strategist Atima Omara and Washington Examiner Columnist Kristen Soltis Anderson on President-elect Trump getting Boeing to commit to a new AF1 for less than $4 billion....
TYSONS CORNER, VA, Jan. 3, 2017 ” Steve Grobman, Intel Security‘s chief technology officer, has said that retaliating against Russia’s alleged cyber hacking of the U.S. elections could escalate to war, ExecutiveBiz reported Friday. The Obama administration’s response could range from additional economic sanction...
Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned ...
TYSONS CORNER, VA, Dec. 29, 2016 ” Jeff Sorenson, head of A.T. Kearney‘s public sector and defense services segment, has said President-elect Donald Trump’s military expansion plans could spur growth in the defense sector, ExecutiveBiz reported Friday. Sorenson stated that potential policies under the next administration could help ...
The U.S. Navy has awarded DLT Solutions a potential five-year, $133.4 million blanket purchase agreement to provide Red Hat (NYSE: RHT) software licenses for the service branch. The BPA has a base ordering term of one year worth approximately $22.8 million and four option years for firm-fixed-price task orders, the Defense Department said Tuesday. T...
TYSONS CORNER, VA, Dec. 27, 2016 ” A team of companies led by BAE Systems will support the assessment phase of the Challenger 2 Life Extension Project that seeks to modernize the main battle tanks of the British Army under an agreement with the U.K. defense ministry, ExecutiveBiz reported Friday. The company said Thursday the coa...
