Aerojet Rocketdyne (NYSE: AJRD) will combine its six business units into defense and space organizations as part of a corporate reorganization effort. The company said Monday the future senior vice presidents of Aerojet Rocketdyne Inc.‘s defense and space businesses will report directly to Eileen Drake,  president and CEO of Aerojet R...
Lockheed Martin‘s (NYSE: LMT) mission systems and sensors business has received a potential $421 million contract from the U.S. Navy to provide a range of services in support of the Advanced Electronic Guidance and Instrumentation System. The Defense Department said Friday the contract covers in-service combat systems engineering, co...
The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent and cuts the...
June 20 – June 24 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Thursday™s highly-anticipated and historic œBrexit vote in the U.K. led investors all over the world and so many other interested stakeholders to speculate over the implications of Brita...
Raytheon (NYSE: RTN) has acquired a $523 million foreign military sales contract from the U.S. Army to modernize six Patriot air and missile defense fire units for Kuwait. Services will be conducted in sites across Alabama, Massachusetts and California as well as in Norway, Italy, Greece, Canada and the U.K., the Defense Departme...
Maritime engineering and design company Gibbs & Cox has appointed Chris Deegan, former vice president of the company’s engineering group, to the roles of president and CEO. The Arlington, Virginia-based contractor said Tuesday Deegan will succeed Rick Biben, who will continue to serve on G&C’s board of di...
M1 Support Services has won a $193.8 million contract from the U.S. Air Force for the operations and maintenance of the Northrop Grumman-built (NYSE: NOC) T-38 Talon trainer aircraft. The Defense Department said Tuesday the contract requires M1 to provide support on companion training services for B-2 and U-2 pilots and adversary...
J. Kevin Reid, former assistant director of FBI‘s IT infrastructure division, has joined KeyLogic Systems as its new national security vice president and chief information officer. KeyLogic said Tuesday Reid will be responsible for the company’s national security practice that works to provide clients with strategic i...
The services segment of Lockheed Martin (NYSE: LMT) slated to merge into Leidos Holdings (NYSE: LDOS) has been awarded a potential three-year, $733 million task order to help the U.S. Army manage, operate and maintain sensor equipment and platforms used to collect data. Lockheed said Tuesday the order includes one base year ...
June 13 – June 17 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson  We shift our focus this week back to GovCon’s merger-and-acquisition environment with one new deal to digest and a second that has brought the purchaser a new landmark contract award. Fairfax...
