The Executive Mosaic GovCon Index closed up for the fifth consecutive day with a mix of service providers and platform companies leading the pack. Technology stocks rebounded from a two-day slump, what Bloomberg called the worst slide of the year. During the course of the day, the Dow Jones Industrial Average hit a new intraday high, the...
“For all the heartache caused by the loss of our troops during these wars, no enemy in the field has done more to harm to the readiness of our military than sequestration,” said Defense Secretary James Mattis, a 40 year Marine veteran commander, who argued that it will “require years of stable budgets and increased...
Raytheon (NYSE: RTN) has secured a potential $116.4 million contract from the U.S. Army to begin work on the Long-Range Precision Fires missile program under the technological maturation and risk reduction stage. The technology maturation phase covers tests of missile components to ensure that the LRPF platform is ready to enter the manufacturing de...
Hyster-Yale Group has won a potential five-year, $400 million contract from the Defense Logistics Agency to supply material handling equipment to U.S. military services and federal civilian agencies. DLA received five responses for the contract via a competitive procurement and will use defense working capital funds for fiscal 2017 through fiscal 20...
The House passed the Financial Choice Act Thursday to eliminate Dodd-Frank, a massive set of banking regulations that were instituted in the aftermath of the 2008 financial crisis. The bill, sponsored by House Financial Services Committee Chairman Jeb Hensarling (R-Texas,) passed on a near party-line vote. “Dodd-Frank represents th...
Raytheon (NYSE: RTN) has received a potential $600 million contract to provide software sustainment and modernization services for the U.S. Army™s missile defense systems and other strategic platforms. The company will perform work at the Army Aviation and Missile Research, Development and Engineering Center™s software engineering director...
In its fiscal year 2018 budget request, the US Air Force (USAF) has requested funding for construction to improve aircraft ranges in Utah and Nevada. This would allow the USAF to utilize the full range of capabilities available to F-35A aircrews, said USAF Chief of Staff General David Goldfein and Service Secretary Heather Wilson in...
Dynetics has received a potential 11-year, $221.7 million contract from NASA to design, build and test a universal stage adapter for integration into the Space Launch System rocket. NASA said Thursday it will use the adapter to connect the SLS rocket to the Orion spacecraft for Exploration Mission-2, a possible first crewed and s...
China is expanding its access to foreign ports so as to sustain deployments in the Mediterranean Sea, and the Atlantic and Indian Oceans, according to a U.S. Department of Defense report. China is seeking “to regularize and sustain deployments in the ‘far seas\'” and “project and sustain military power at greater distances,&#...
The Department of Defense has made œa huge leap forward in unmanned systems in five years, said Dyke Weatherington, currently performing the duties of the Assistant Secretary of Defense for Acquisition, Office of the Under Secretary of Defense for Acquisition, Technology, and Logistics (OUSD) (AT&L.) Speaking at the Potomac Officers Club Tu...
