Leonardo has agreed to buy 100 percent equity stake in quantum cascade laser platforms maker Daylight Solutions for approximately $150 million through its U.S. subsidiary DRS in a push to grow dual-use integrated technology offerings for civil and military clients. Mauro Moretti, CEO and general manager of Leonardo, said in a statement rel...
Joseph Cudney, formerly vice president of business development at Parsons, has taken a new role as international senior vice president for the engineering and infrastructure services contractor’s federal business. Parsons said Tuesday Cudney will oversee international business development activities such as U.S. government inter...
Lockheed Martin‘s (NYSE: LMT) commercial engine solutions business, formerly Kelly Aviation Center, has secured a potential nine-year, $1 billion contract to provide engine overhaul and logistics support services for the U.S. Air Force’s KC-10 tanker aircraft. The service branch received two proposals for the indefinit...
Intelsat has purchased an equity stake in satellite communications antenna manufacturer Kymeta following joint efforts to develop the Kalo satellite services and mTenna antenna technology. The satellite operator said Tuesday the transaction comes with the appointment of Intelsat CEO Stephen Spengler into Kymeta’s board...
Executive Mosaic’s GovCon Index reversed it’s four day losing streak to close up 0.000% to 93.000. Even with the US stocks posting it third lose in the past four days the GovCon Index was able to remain in the positive. GovCon Index advancers split evenly with decliners as seven of its 11 S&P 500 components advanced...
TYSONS CORNER, VA, March 7, 2017 ” Fulcrum will provide manpower augmentation services to a unit of the U.S. Special Operations Command under an $850,000 task order, ExecutiveBiz reported Thursday. The company said February the award covers support for the senior military engagement, planning and analysis activities of the commandR...
TYSONS CORNER, VA, March 7, 2017 ” The latest phase of the Australian air force’s potential multimillion-dollar program for the modernization of its over-the-horizon radar system has received bids from BAE Systems and Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Monday. Aviation Week reported Thursday phase 6 of the J...
TYSONS CORNER, VA, March 7, 2017 ” Mitre has been named a general steward of The Global Initiative for Fiscal Transparency and will help the nonprofit network establish its global agenda, GovCon Executive reported Friday. The company said Thursday the stewardship covers advisory, organizational and financial support for the ...
TYSONS CORNER, VA, March 6, 2017 ” Fulcrum will provide strategic, organizational and programmatic analysis services to support the U.S. Special Operations Command‘s wargame center under a $2.4 million task order, ExecutiveBiz reported Wednesday. The company said in February it will support the special operations chief of s...
TYSONS CORNER, VA, March 6, 2017 ” SSL has provided a two-axis gimbal equipment for NASA‘s Raven technology that was launched in February to the International Space Station, ExecutiveBiz reported Wednesday. The company said Tuesday the gimbal equipment is based on its Dual Access Positioning Mechanism and is designed t...
