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Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement issued Thursday L3 r...
Iridium Communications (Nasdaq: IRDM) recorded $22 million in government service revenue with 95,000 government subscribers during the third quarter of 2017. Iridium said Thursday government data and voice subscribers rose 14 percent to 40,000 during the third quarter ended Sept. 30, compared with the same period last year. The McLean, Virginia-base...
The Executive Mosaic GovCon Index (GCI) closed Friday down 1.62 points or 1.47 percent from Monday’s open, settling at 108.162. McKesson Corp. was down 5.52 percent for the day at Friday’s close. The three major indices all advanced Friday with the S&P500 and NASDAQ Composite reaching new highs. The S&P500 closed u...
TYSONS CORNER, VA, Oct. 27, 2017 ” MapR Technologies has received recognition for its converged data platform offering that works to manage the big data of enterprise customers, ExecutiveBiz reported Tuesday. The company said Oct. 19 it was awarded the “Best Big Data Product or Technology” in the internet-of-things ca...
TYSONS CORNER, VA, Oct. 27, 2017 ” Iron Mountain (NYSE: IRM) has established a new 22,000-square-foot data management facility in Kansas that will work to provide document storage and shredding services to customers, ExecutiveBiz reported Thursday. The company said Wednesday the facility has a storage capacity of 350,000 records boxes...
TYSONS CORNER, VA, Oct. 27, 2017 ” A CAE-operated helicopter simulation facility in England has received an estimated $118.8 million investment from the U.K. defense ministry to advance training capabilities for the country’s future naval and air force pilots, ExecutiveBiz reported Thursday. The U.K. government said Tuesday ...
TYSONS CORNER, VA, Oct. 27, 2017 ” IBM‘s (NYSE: IBM) business in the U.K. will develop the first phase of Scotland’s social security information technology system under an estimated $11 million contract, ExecutiveBiz reported Thursday. The Scottish government said Wednesday the IT contract works to facilitate the implement...
Weekly Roundup October 23 – October 27 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson With October coming to a close, let’s take a look at the most significant M&A activity that took place over the course of this month. Notable M&A activity includes: S...
Sean Berg, formerly vice president of sales at Forcepoint‘s global governments business, has been appointed as senior VP and general manager of the same unit. Forcepoint said Wednesday Berg will oversee the unit’s profit-and-loss functions, growth strategy and efforts to provide security technology platforms to U.S. a...
Archana œArchie Deskus, formerly chief information officer at oil and gas company Baker Hughes (NYSE: BHGE), has joined Hewlett Packard Enterprise (NYSE: HPE) as global CIO. HPE President Antonio Neri wrote in a blog post posted Thursday Deskus will help advance an information technology strategy as the company works to implement its HPE Next i...
