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CenturyLink (NYSE: CTL) has pushed back the projected closing date for its pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) through a cash-and-stock transaction from Sept. 30 to mid-to-late October. The revised timeframe for the transaction™s intended closure was based on the California administrative l...
TYSONS CORNER, VA, September 13, 2017 “ The Potomac Officers Club ” a division of Executive Mosaic ” has added Kenneth Brennan to the panel for the FY18 Budgets & Procurement Forum. As the fiscal year comes to a close, industry is eagerly looking forwards toward FY2018. Many changes are on the horizon, such as the...
The State Department has approved Canada™s request to buy Boeing-built (NYSE: BA) F/A-18 Super Hornet aircraft and related equipment and services from the U.S. government under a potential $5.23 billion foreign military sales agreement. Boeing, Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN) and General Electric (NYSE: GE) will ser...
L3 Technologies (NYSE: LLL) has purchased Centreville, Virginia-based systems engineering firm Adaptive Methods for an undisclosed sum in a move to expand footprint in the undersea market. L3 said Tuesday it will incorporate Adaptive Methods into its sensor systems business segment to operate as L3 Adaptive Methods. Christopher Kubasik, L3...
CSRA (NYSE: CSRA) has secured a potential 10-year, $2.4 billion follow-on contract from the National Security Agency for enterprise information technology services, Nextgov reported Tuesday. The company said in a Sept. 5 filing with the Securities & Exchange Commission it won the recompete contract from a Defense Department agency through its Ea...
A Huntington Ingalls Industries (NYSE: HII) subsidiary has received a $150.8 million contract modification to continue planning yard services for the U.S. Navy‘s Ticonderoga-class guided missile cruisers and Spruance-class destroyers. HII’s Ingalls Shipbuilding business will provide modernization program planning; shi...
The Executive Mosaic GovCon Index (GCI) closed up 0.478 percent to 102.351, reaching a second new 30 day high. Advancing outpaced declining shares 2 to 1. Investors responded positively to better than expected damage reports from Hurricane Irma. All three major indices reached new highs. The S&P500 closed up 0.34 percent to 2,496.48, w...
TYSONS CORNER, VA, Sept. 12, 2017 ” A Unisys (NYSE: UIS) survey has unveiled that more than half of federal information technology executives believe that an increase in security challenges at their agencies could be attributed to their IT modernization efforts, ExecutiveBiz reported Thursday. The company said Wednesday the Market Connecti...
TYSONS CORNER, VA, Sept. 12, 2017 ” A Cubic (NYSE: CUB) business unit is set to showcase satellite communications and networking technology at the 2017 Defense and Security Equipment International event this week in London, GovCon Executive reported Friday. The company said Thursday its mission solutions unit will feature deploya...
TYSONS CORNER, VA, Sept. 12, 2017 ” A joint venture between Vencore and a Kratos Defense and Security Solutions (Nasdaq: KTOS) subsidiary will design a vehicle-based laser system demonstrator for the U.S. Army Space and Missile Defense Command under a four-phase task order, ExecutiveBiz reported Monday. Kratos said Friday the Vencore-Digit...
