Sikorsky Aircraft, a subsidiary of Lockheed Martin (NYSE: LMT), has received a $387.2 million contract modification to produce additional Black Hawk helicopters for the U.S. Army. Sikorsky will deliver 35 UH-60M Black Hawk helicopters to the Army to exercise an option in a previously awarded contract, the Defense Department said Tuesday. T...
General Dynamics (NYSE: GD) NASSCO will maintain the USS Essex amphibious assault ship under a $156.5 million add-on contract for phased maintenance availability. The company will perform depot-level maintenance and overhaul to update the ship’s military and technical systems, General Dynamics said Thursday. General Dynamics will carry ou...
The GovCon Index edged higher Wednesday with a gain of 0.300 points to 73.224 as the three major U.S. stock indices also closed narrowly up on new data investors welcomed as showing slight improvement in the U.S. economy. The latest National Employment Report from payroll processing services company ADP and Moody’s Analytics said pri...
Aerojet Rocketdyne and United Launch Alliance have won separate “other transaction” agreements worth a combined $161.9 million to build rocket engine prototypes under the U.S. Air Force‘s Evolved Expendable Launch Vehicle initiative. The Air Force said Monday the $115.3 million OTA with Aerojet Rocketdyne center...
The GovCon Index fell into a decline over the final two hours of trade Monday to end the full session at a loss of 0.351 points to 72.136 but still end February at a gain for the month. The Index rose 0.329 points in February as investors continued to welcome additional earnings reports from some government contractors ...
Feb. 22 – Feb. 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among the large players the government services market have been well-documented in spaces such as these but the product makers in GovCon also have been in on the M&A deal action over t...
TYSONS CORNER, VA, February 26, 2016 ” Lockheed Martin (NYSE: LMT) currently works on the redesign of the U.S. Navy‘s Submarine Warfare Federated Tactical Systems installed on several submarine classes, ExecutiveBiz reported Thursday. The company said Tuesday it will perform work at its anti-submarine warfare laboratory in Virgi...
SpaceX has been awarded five additional flights by NASA to transport cargo to and from the International Space Station under a contract signed in December 2015, Space News reported Wednesday. Peter B. de Selding writes the flights are valued at approximately $700 million total and raises to 20 the number of ISS cargo flights that NASA...
The GovCon Index climbed back from a more than 1-percent fall in morning trade Tuesday but fell short of a full turnaround in the final hour, down 0.059 points to 71.756 in activity that mirrored U.S. stocks’ reversals as oil prices held positive. Crude oil futures in New York settled up 28 cents to $32.15 a barrel after ne...
The Federal Trade Commission has given Dell the green light to continue its approximately $67 billion cash-and-stock acquisition of enterprise data storage company EMC (NYSE: EMC). FTC approved the potential EMC-Dell combination after a 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, EMC said Tuesday...
