Executive Mosaic’s GovCon Index closed at another all-time high Monday with 28 out of 30 companies including all 11 S&P 500-listed stocks in green and middle- to large-tier defense contractors as the session’s top advancers. L-3 Communications (NYSE: LLL) led all net gainers after the military technology maker was sele...
A group of investors including New York City-based Apollo Global Management (NYSE: APO) along with executive team members at Constellis Group have agreed to undertake a buyout of the global security services contractor for an undisclosed sum. Constellis Group said Friday it expects the transaction to close by the end of September...
Lockheed Martin (NYSE: LMT) has received a $112.7 million contract modification from the U.S. Navy to produce components for the fiscal 2016 Aegis combat system modernization effort. The company will provide multi-mission signal processor equipment sets, ballistic missile defense 4.0.2 equipment, Aegis AMOD upgrade equipment and ...
The U.S. Navy has awarded seven companies contract modifications worth $117.3 million combined to continue to provide technical and engineering services for the service branch’s vessels. The contract modifications were awarded to exercise the second option year on a previously awarded cost-plus-fixed-fee, indefinite-delivery/indefinite-quanti...
August 8 – August 12 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government contracting sector observers got a twin bill of significant acquisition developments during the Thursday evening-Friday morning “down time” in financial markets t...
Hewlett Packard Enterprise (NYSE: HPE) has agreed to purchase Milpitas, California-based high-performance computing platforms provider Silicon Graphics International (Nasdaq: SGI) for approximately $275 million cash in a push to expand its footprint in the HPC and big data analytics markets. SGI said Thursday the price of the transaction is $7.75 pe...
Paul Litchfield, a director at Mission Ready Services, has been appointed chief operating officer of the Vancouver, British Columbia-based product development and consulting firm. Rod Reum, president and CEO of Mission Ready, said in a statement released Wednesday Litchfield™s leadership and operational experience will help the company manufact...
The State Department has approved NATO’s request to buy precision guided munitions and related support services from the U.S. for use in regional threat deterrence operations under a potential $231 million foreign military sales agreement. Boeing (NYSE: BA) and Raytheon (NYSE: RTN) will be the primary contractors on the deal, the Def...
TYSONS CORNER, VA, Aug. 10, 2016 ” Northrop Grumman (NYSE: NOC) has worked with the U.S. Air Force to test the integration of virtual fifth-generation F-22 Raptor aircraft with fourth-generation F-16 Fighting Falcon jets as part of a live, virtual and constructive training, ExecutiveBiz reported Tuesday. The company said Monday&n...
ManTech International (Nasdaq: MANT) has received two task orders worth up to $110 million combined for cybersecurity and cloud computing services in support of the Department of Homeland Security‘s Continuous Diagnostics and Mitigation program. The General Services Administration awarded the task orders on behalf of DHS fo...
