Lockheed Martin‘s (NYSE: LMT) aeronautics business has secured a two-year, $129.4 million delivery order modification from the U.S. Navy to perform additional work on the TR-3 integrated core processor and related subsystems for the F-35 program. The Defense Department said Wednesday work under the modif...
TYSONS CORNER, VA, April 5, 2017 ” Jennifer Chronis, general manager for Defense Department programs at Amazon Web Services (Nasdaq: AMZN), has said DoD can leverage security as one of many benefits in the adoption of cloud platforms, ExecutiveBiz reported Monday. She wrote in an article published March that other advantages to c...
Executive Mosaic’s GovCon Index reaches new 30 day low to close at 89.908 down 0.852 percent. In spite of being up for most of the trading day the major indices all dropped for a loss in the last hour of trading. The S&P500, DJIA, and NASDAQ all reached a seven day low. The Fed’s announcement that...
TYSONS CORNER, VA, April 5, 2017 ” Leidos (NYSE: LDOS) has unveiled a new 861,112-square-foot logistics facility in the U.K. that will work to provide commodities and support services to the British military, ExecutiveBiz reported Tuesday. The company said Tuesday it partnered with the U.K. defense ministry to open the $103.4 million ...
TYSONS CORNER, VA, April 5, 2017 ” Boeing (NYSE: BA) will provide an update to the cryptographic module of the U.S. Air Force‘s combat search-and-rescue radio equipment under a $42.6 million contract, ExecutiveBiz reported Tuesday. The Defense Department said Monday the contract covers development, certification, integ...
TYSONS CORNER, VA, April 5, 2017 ” Orbital ATK (NYSE: OA) has begun work to produce hardware for large and intermediate-class space launch vehicles as part of a U.S. Air Force effort to develop rockets that could carry sizable payloads to space, ExecutiveBiz reported Tuesday. The company said Monday it completed design reviews, toolin...
TYSONS CORNER, VA, April 5, 2017 ” Raytheon (NYSE: RTN) will perform technology risk reduction work on the Multi-Object Kill Vehicle platform under a $59.6 million contract from the Missile Defense Agency, ExecutiveBiz reported Tuesday. The Defense Department said Monday the company will assist MDA in efforts to build on the performan...
L3 Technologies (NYSE: LLL) has bought autonomous unmanned undersea vehicle manufacturer OceanServer Technology for an undisclosed sum, a move that Chairman and CEO Michael Strianese said marks L3’s expansion push into the UUV market. Fall River, Massachusetts-based OceanServer builds lightweight UUVs for military, commercial and int...
KeyW (Nasdaq: KEYW) has wrapped up its $235 million cash acquisition of Herndon, Virginia-based national security technology contractor Sotera Defense Solutions. Hanover, Maryland-based KeyW completed the transaction a month after it agreed to acquire Sotera as part of efforts to advance strategic growth and expand footprint...
The Executive Mosaic GovCon Index and major markets all closed slightly up as investors remain cautious about the state of the economy. Investors await the outcome of President Trumps meeting with Xi Jinping of China, the jobs report on Friday, and the release of the first quarter earnings results. GovCon Index advancers and decliners clos...
