United Technologies Corp.‘s (NYSE: UTX) Pratt and Whitney business unit has secured a potential $64 million contract modification from the U.S. Air Force for F119 engine sustainment services. The Defense Department said Wednesday the Air Force Life Cycle Management Center will obligate $48 million from fiscal 2016 operations and maintenan...
The GovCon Index swung back into positive territory after an early morning decline Thursday and closed at a gain of 0.314 points to 78.927 as U.S. investors looked toward the release of Friday’s jobs report before markets open. L-3 Communications (NYSE: LLL) hit a new 52-week high in intraday trade after the New York C...
The GovCon Index started the month of June with a gain of 0.507 points to 78.613 Wednesday as U.S. investors digested several reports to gauge the country’s economy ahead of Friday’s jobs report and Federal Reserve Chair Janet Yellen’s Monday speech. Lockheed Martin (NYSE: LMT) added $1.85 — or 0.78 p...
Airbus‘ defense and space business has received an estimated $127 million contract to provide commercial satellite communication services to the German armed forces through 2023. The German armed forces will use C- and Ku-band transponders for voice and data applications in Germany, between main overseas bases and for Navy vessels, Airbus said...
May 23 – May 27 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Just when we thought GovCon was on a merger-and-acquisition hiatus, two deals have garnered our attention this week with one that has definitive effects in the public sector and a second that might. Our...
The State Department has approved a $260 million foreign military sale of logistics support services, support and communications equipment, personnel training and spare and repair parts for F-16 units to Oman. The Defense Security Cooperation Agency said Thursday the government of Oman has also requested electronic combat international se...
Government technology services contractor CSRA (NYSE: CSRA) will observe the merger of its former parent Computer Sciences Corp. (NYSE: CSC) with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment for any potential opportunities, CSRA CEO Larry Prior told investors Wednesday. Falls Church, Virginia-based CSRA entered the mark...
The GovCon Index nudged out a gain of 0.081 points to 78.273 Wednesday on contributions from Boeing (NYSE: BA) and armored truck manufacturer Navistar International (NYSE: NAV). Boeing surged 1.07 percent and Navistar rose 9.09 percent, while shipbuilder Huntington Ingalls Industries (NYSE: HII) rebounded by one-ha...
Cleveland-based aircraft component maker TransDigm (NYSE: TDG) has agreed to purchase databus and power control system manufacturer Data Device Corp. and its parent company ILC Holdings from Behrman Capital for approximately $1 billion in a push to add new products for military, space and commercial customers. Tran...
TYSONS CORNER, VA, May 25, 2016 ” Microsoft (Nasdaq: MSFT) plans to revise the terms of use for company-hosted consumer Web services and establish partnerships with nongovernment organizations in efforts to curb online terrorist activities, ExecutiveBiz reported Tuesday. The company said Friday it will work to eliminate terrorism-related c...
