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Raytheon (NYSE: RTN) and Leonardo have decided to end their partnership to compete for the U.S. Air Force’s T-X trainer aircraft program after the companies failed to “reach a business agreement, †Defense News reported Wednesday. Aaron Mehta and Valerie Insinna write Leonardo said in a statement published Wednesday th...
L3 Technologies (NYSE: LLL) has announced an initiative to split the New York City-based defense contractor’s electronic systems segment into two new business segments as part of a growth strategy that also involves multiple leadership transitions. The company said Wednesday Todd Gautier, current president of L3’s pre...
Aero Turbine has won a potential $128.8 million indefinite-delivery/indefinite-quantity contract to overhaul J85-GE-5/-21 turbojet engine components for the U.S. Air Force. The Defense Department said Wednesday that Aero Turbine will perform contract work at a company facility in Stockton, California, through July 24, 2022. The s...
A General Dynamics (NYSE: GD) subsidiary has received a one-year, $115.7 million contract modification to continue to provide logistics support for the C-20 and C-37 aircraft platforms of the U.S. Air Force, Army, Navy, Marine Corps and Coast Guard. The Defense Department said Wednesday that General Dynamics’ Gulfstream Aer...
Executive Mosaic’s GovCon Index held onto its gain Wednesday with help from Boeing (NYSE: BA) on the airplane maker’s fourth quarter results above analyst forecasts to offset the decline by Textron (NYSE: TXT) after its October-December figures disappointed Wall Street. U.S. stocks by comparison hit all-time highs again in comparison as...
TYSONS CORNER, VA, Jan. 25, 2017 ” Leidos (NYSE: LDOS) will support the Air Force Association™s CyberPatriot cyber education program as a Cyber Silver sponsor for the eighth consecutive year, GovCon Executive reported Tuesday. AFA said Monday the company hosts the Digital Forensics Event at the CyberPatriot National Finals C...
TYSONS CORNER, VA, Jan. 25, 2017 ” CSRA (NYSE: CSRA) has unveiled a new tagline and website as part of a rebranding effort to showcase the company’s goal to attract and nurture talent and facilitate innovation to support customer missions, ExecutiveBiz reported Tuesday. The company said Monday the redesigned website feature...
TYSONS CORNER, VA, Jan. 25, 2017 ” The National Oceanic and Atmospheric Administration has released the first image captured by a Harris-built (NYSE: HRS) digital camera onboard the Lockheed Martin-produced (NYSE: LMT) Geostationary Operational Environmental Satellite-16, ExecutiveBiz reported Tuesday. The weather satellite’...
TYSONS CORNER, VA, Jan. 25, 2017 ” Orbital ATK (NYSE: OA) has received a $50 million order from the U.S. government to supply non-U.S. standard ammunition to the Defense Department and international allies, ExecutiveBiz reported Tuesday. The company said Monday the award adds to at least $200 million in non-U.S. standard amm...
TYSONS CORNER, VA, Jan. 25, 2017 ” Raytheon (NYSE: RTN) and (ISC)2’s charitable trust will award scholarships to six women to support their efforts to achieve cybersecurity degrees and careers, GovCon Executive said Tuesday. Three female college students and three mid-career professionals will be selected for the Raytheon W...
