The State Department has cleared Iraq’s request to purchase major defense equipment such as Lockheed Martin‘s (NYSE: LMT) Hellfire missiles and Captive Air Training Missiles under a potential $800 million foreign military sale contract. The Defense Security Cooperation Agency said Thursday the order includes 5, 000 AG...
The GovCon Index bounced wildly in and out of positive territory Tuesday morning and sharply rose in the afternoon session to close at a gain of 1.259 percent to 76.801. The S&P 500 composite index turned negative in the early afternoon session from a volatile morning period then swung again to a gain of almost...
The U.S. Special Operations Command has awarded BAE Systems and Northrop Grumman (NYSE: NOC) separate contracts worth a combined $52.8 million to develop radio frequency countermeasure platforms for integration with the U.S. Air Force™s MC-130J Commando II and AC-130J Ghostrider aircraft. BAE Systems said Monday it will develop the RFCM sy...
General Electric (NYSE: GE) has secured a potential $1 billion contract from Saudi Electricity Co. to engineer and build four gas turbines for SEC™s combined cycle power plant in Saudi Arabia. GE said Thursday it will also construct a steam turbine at its New York facility, provide turbine-related services and equip the engines with solar...
