System of Systems Security has won a potential five-year, $99 million “other transaction” agreement with the U.S. Air Force to develop, integrate and test information sharing technology prototypes for various C4ISR systems. The Air Force Research Laboratory received six offers for the program through a competitive pro...
The State Department has approved Iraq™s request to buy munitions, weapons, related equipment and logistics support services for F-16 fighter jets from the U.S. government under a potential $1.95 billion foreign military sales agreement. The Defense Security Cooperation Agency said Wednesday that Iraq will use the weapons systems...
Tiffanny Gates, formerly vice president of cyber strategies at Raytheon‘s (NYSE: RTN) Blackbird Technologies subsidiary, has joined Novetta as president of the company’s federal division. Gates will be responsible for the company’s projects for the U.S. government and for the division’s strategy, business development and...
The GovCon Index mirrored wild volatility in U.S. markets Wednesday to close at a decline of 0.703 points to 71.438 with an attempt to recover from steep and rapid declines during morning and mid-afternoon trade. The Index showed a 3.5 percent decline at around 12 p.m. ET and fell further to a 4.5-percent loss shortly...
Los Angeles-based investment firm Platinum Equity has agreed to purchase Arlington, Va.-based government services contractor PAE from New York City-headquartered private equity firm Lindsay Goldberg for an undisclosed sum in a deal the parties expect to close by February 2016, the companies said Monday. Lindsay Goldberg purchased PAE for $350 millio...
TYSONS CORNER, VA, January 15, 2016 ” Raytheon | Websense — a Raytheon (NYSE: RTN) and Vista Equity Partners joint venture — has announced its new name as Forcepoint as it aims to develop its internal network monitoring services, ExecutiveBiz reported Thursday. Forcepoint said Thursday the reb...
NASA has awarded Orbital ATK (NYSE: OA), Sierra Nevada and SpaceX a second round of potential multi-billion dollar contracts to deliver cargo to and from the International Space Station through 2024 in support of efforts to end U.S. reliance on Russia for access to space by 2017, agency officials said Thursday. Each new Commercial Resupply...
The GovCon Index showed signs of life Thursday with a gain of 1.105 percent to 73.040 amid further turmoil in international financial markets as U.S. stocks also rallied amid global losses. The S&P 500 rose 1.67 percent to show its largest gain in almost six weeks and go back above the 1, 900 mark. Crude...
Lockheed Martin (NYSE: LMT) has secured a potential one-year, $80 million contract modification to perform computer program baseline design work on Aegis combat systems aboard the U.S. Navy™s warships. The service branch awarded the contract modification to exercise the options under the Aegis Combat System Engineering Agent prog...
The GovCon Index attempted a recovery from steep morning and midday losses as Monday’s closing bell approached after another volatile day for U.S. markets but ended at a loss of 0.531 points to 73.407. Both the GovCon Index and S&P 500 composite index were down a full percentage point in mid-afternoon before a swing into...
