BAE Systems and Raytheon (NYSE: RTN) have each received contracts worth nearly $228.3 million combined from Australia™s defense ministry for services in support of military projects there. Defense Minister Christopher Pyne announced the contract extensions for the two companies during a trip to Australia’s New South Wales s...
DRS Technologies has received a potential $400 million contract from the U.S. Army to develop a new Joint Assault Bridge system. DRS™ sustainment systems business unit will oversee the production of the hydraulic bridge launcher and M1A1 chassis assembly as well as system integration work under the indefinite-delivery/indefinite-quantity c...
Executive Mosaic’s GovCon Index traded lower Wednesday with McKesson Corp. (NYSE: MCK) the worst net performer at more than double the decline of second-lowest Lockheed Martin (NYSE: LMT) as losses in healthcare shares dragged U.S. stocks into negative territory. General Dynamics was the only GovCon Index-S&P 500 compan...
TYSONS CORNER, VA, Aug. 22, 2016 ”Parsons has secured two “bridge” contracts worth a combined $48 million from the Missile Defense Agency to deliver advisory and support services for the agency’s Ballistic Missile Defense System and Space and Directed Energy programs, ExecutiveBiz reported Friday. The company will su...
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $10.02 billion indefinite-delivery/indefinite-quantity contract to support the military branch’s C-130J Super Hercules production effort. The sole-source contract also includes foreign military sales, the Defense Department said Fri...
The U.S. Navy has awarded $107.3 million in total options under a previously awarded contract to three companies for command, control, communications, computers, intelligence, surveillance and reconnaissance services. Assured Space Access Technology, Koam Engineering Systems and Tactical Engineering & Analysis will continue to provide ...
TYSONS CORNER, VA, Aug. 19, 2016 ” CGI (NYSE: GIB) has received a $34.2 million contract option to provide operating environment support services to the Army Training and Doctrine Command‘s intelligence directorate, ExecutiveBiz reported Thursday. It represents the first option year under a potential five-year $12...
Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers wi...
TYSONS CORNER, VA, Aug. 16, 2016 ” Defense Department acquisition chief Frank Kendall has granted Milestone C approval to Boeing‘s (NYSE: BA) KC-46A Pegasus refueling tanker aircraft developed for the U.S. Air Force, ExecutiveBiz reported Monday. Boeing is due to receive two contracts worth a combined $2.8 billion...
The U.S. Navy has chosen Logistics Services International and Technical Software Services to provide re-engineering, development and personal computer simulation services under separate contracts worth up to $345 million combined. The Defense Department said Monday each contract has 33 base months plus a 36-month option peri...
