General Dynamics (NYSE: GD) has received a potential $169.7 million contract modification from the U.S. Army to produce Hydra-70 unguided rocket systems for seven U.S. allies under the foreign military sales program. The Defense Department said Monday the company will supply Hydra rockets with various war...
Michael Fey, president and chief operating officer at Sunnyvale, California-based security and network technology provider Blue Coat, will serve in the same roles at Symantec (Nasdaq: SYMC) upon completion of the latter company™s acquisition of Blue Coat. Symantec said Monday Fey will report to the incoming Symantec CEO Greg Clar...
The U.K. government and Boeing (NYSE:BA) have announced a set of defense-related pacts that cover sales of maritime patrol aircraft and attack helicopters to the country’s military, added research-and-development spending and initiatives to create new aerospace jobs in Britain. In a series of statements Monday, the U.K.’s defen...
Executive Mosaic’s GovCon Index broke the 80-point barrier Friday for the first time in a month as the S&P 500 composite index briefly traded above a new record close in afternoon activity after the June jobs report soared past economists’ expectations. The GovCon Index closed up 1.579 percent to 80.813 and ended the week at a...
July 5 – July 8 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Americans everywhere celebrated the country™s 240th birthday Monday and those interested in the U.S. space program had another reason to cheer as NASA™s Juno vehicle arrived inside Ju...
Lockheed Martin (NYSE:LMT) has secured a five-year, $504.3 million contract extension for in-service support to the Canadian air force’s fleet of C-130J Super Hercules aircraft. The company said Thursday it will continue to lead performance-based logistics for the operations, sustainment and maintenance of the 17-unit CC-13...
TYSONS CORNER, VA, July 6, 2016 ” In-Q-Tel has invested $5 million on Orbital Insight to support further development of that company’s geospatial big data platform, ExecutiveBiz reported Tuesday. Orbital Insight said June 27 it also received $15 million in Series B funds from GV, CME Ventures, Sequoia Capital, Lu...
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...
