The State Department has approved the U.K.™s request to purchase AGM-114-R1/R2 Hellfire II Semi-Active Laser missiles from the U.S. government under a potential $150 million foreign military sales agreement. The U.K. government asked to buy 1,000 Hellfire II missiles, logistics assistance and related program services in orde...
Northrop Grumman (NYSE: NOC) has been awarded a potential $812 million contract by the U.S. Navy to manufacture gun mission modules for the service branch’s Littoral Combat Ships. The company will also support basic outfitting assembly installation, engineering, sustainment and interim depot-level maintenance of LCS gun mission modul...
Shareholders at CenturyLink (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) have separately approved the deal originally announced in October 2016 for CenturyLink to buy Level 3 for approximately $34 billion in a cash-and-stock transaction. Holders of approximately 81.2 percent of all outstanding shares in Level 3 voted in favor o...
Boeing (NYSE: BA) has secured a potential $371.2 million contract modification from the Defense Logistics Agency to provide performance-based supply chain support for the U.S. Air Force‘s F-15 aircraft fleet. The Defense Department said Wednesday the sole-source contract contains a five-year base period that will run throug...
Weekly Roundup March 13 – March 17 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson It™s been a busy week for the Trump administration, with further federal budget alterations, official appointments and executive orders. The changes implemented by President Trump a...
Executive Mosaic’s GovCon Index closed down on the day as markets were mixed. After the Federal Reserve raised rates by one quarter point yesterday the markets responded with modest losses on the S&P500 and DJIA and a nominal gain on the NASDAQ. Treasury yields moved higher and the dollar lower. GovCon Index declines outpaced advances...
TYSONS CORNER, VA, March 16, 2017 ” ViON has released new guidelines for cloud strategy reviews to support organizations following a server outage in late February related to Amazon Web Services‘ (Nasdaq: AMZN) Simple Storage Service in northern Virginia or the US-EAST-1 region, ExecutiveBiz reported Monday. ViON said Friday it ...
TYSONS CORNER, VA, March 16, 2017 ” Unisys (NYSE: UIS) will establish a virtual center of excellence for artificial intelligence in May in efforts to provide online tools and best practices to support decision-making and business outcomes at organizations, ExecutiveBiz reported Wednesday. The company said Wednesday the Unisy...
TYSONS CORNER, VA, March 16, 2017 ” The defense and security business of CAE (NYSE: CAE) has moved to expand its operations in the United Arab Emirates with the addition of offices in Abu Dhabi, ExecutiveBiz reported Wednesday. The company said Monday the new location will house both CAE and CAE Maritime Middle East employee...
Lockheed Martin (NYSE: LMT) has received a potential five-year, $347 million contract from the General Services Administration to provide a range of technical, functional and managerial support services at the Defense Department‘s cybercrime center. The contract covers Defense Cyber Crime Center services such as l...
