Luxembourg-based communications satellite operator SES has exercised a call option to acquire the remaining 50.9 percent stake in Channel Islands-based satellite broadband services provider O3b Networks through an estimated $730 million deal with other O3b shareholders. SES said Monday it will use money the company rais...
KBR (NYSE: KBR) has closed the $570 million purchase of government engineering and technical services contractor Wyle, which will operate under the name of KBRwyle within the parent company’s government services segment. KBR CEO Stuart Bradie said Tuesday the company expects government services revenue to total $2 billion per ye...
Raytheon (NYSE: RTN) has received a potential $291.8 million contract modification from the U.S. Navy to build 660 full-rate production Lot 16 AIM 9X Block II Sidewinder tactical missiles and related components for several domestic and foreign military customers. The Defense Department said Friday the modification also includes 2...
TYSONS CORNER, VA, June 30, 2016 ” Engility (NYSE: EGL) will support the U.S. Army‘s tactical intelligence gathering and dissemination efforts under a potential $24 million contract, ExecutiveBiz reported Wednesday. The company said Wednesday the contract is part of the Army’s Tactical Exploitation of National Capabilities...
Darius Adamczyk, president and chief operating officer at Honeywell (NYSE: HON), will serve as the technology and manufacturing company™s CEO, effective March 31, 2017. Adamczyk will succeed Dave Cote, who will continue to serve as Honeywell™s executive chairman through April 2018 and then commence a five-year noncompete and consultin...
Ronnie Hawkins, a retired U.S. Air Force lieutenant general and former director of the Defense Information Systems Agency, has joined the federal advisory board of San Francisco-based mobile security provider Lookout. Hawkins will work with the Lookout executive team to inform public sector customers about potential security risks from aut...
The General Services Administration has issued its formal requests for bids on two governmentwide information technology acquisition contracts with a combined total ceiling of $50 billion over 10 years. GSA said Monday it will accept industry proposals for the Alliant 2 and Alliant 2 Small Business contracts through Aug. 29. œThe...
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...
