Executive Mosaic’s GovCon Index fell for a second straight session Thursday on continued declines by large aerospace and defense primes as U.S. stocks also tumbled with earnings season at the forefront of investor attention. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and two of its 11 S&P 500 components advanced with...
CAE (NYSE: CAE) has secured two long-term training services contracts with the U.S. Army and Canada’s air force worth approximately $760 million combined. CAE said Thursday the contract with the Army will cover classroom, simulator and live rotary-wing flight training instructor support at the Army Aviation Center of Excellence in Alabama...
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TYSONS CORNER, VA, Jan. 11, 2017 ” The U.S. Navy looks to extend BAE Systems‘ development work on a pulsed power technology for the shipboard electromagnetic railgun weapon system through a contract modification, ExecutiveBiz reported Tuesday. Military & Aerospace Electronics reported Monday the potential sole-source aw...
TYSONS CORNER, VA, Jan. 11, 2017 ” Microsoft‘s (Nasdaq: MSFT) and Qualcomm‘s venture businesses have invested in the Israel-based cybersecurity startup creator Team8, ExecutiveBiz reported Monday. A article by Bloomberg™s Gwen Ackerman reported that Nagraj Kashyap, corporate vice president at Micro...
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...
The U.S. Army has awarded Raytheon (NYSE: RTN) a potential three-year, $163.3 million contract to provide training services related to the Patriot air and missile defense system to Qatar through a foreign military sales agreement. The firm-fixed-price contract covers pre-Patriot military occupational training, Patriot training classes and ...
TYSONS CORNER, VA, Jan. 3, 2017 ” The U.S. Navy‘s General Dynamics-built (NYSE: GD) USS Rafael Peralta guided-missile destroyer has finished its two-day acceptance trials off the coast of Maine in an effort to evaluate the ship and its crew, Executive Gov reported Friday. The Navy said Wednesday its Board of Inspection and ...
The U.S. Air Force has awarded M1 Support Services a one-year, $90.4 million contract modification to provide backshop, flight maintenance services for 140 aircraft at Nellis Air Force Base in Nevada. M1 will also support various aircraft systems such as egress, fuel system, hydraulics, aerospace ground equipment, armament avionics, electronic warfa...
Leonardo, then Finmeccanica, has purchased the remaining 60 percent of shares in Pisa, Italy-based Sistemi Dinamici from systems engineering firm IDS for an undisclosed sum in a strategy to expand Leonardo™s portfolio of unmanned systems. The transaction includes the acquisition of Sistemi™s SD-150 Hero unmanned helicop...
