Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumber...
TYSONS CORNER, VA, Feb. 23, 2017 ” Boeing (NYSE: BA) will provide C-17 Globemaster III logistics and training simulator maintenance services to the United Arab Emirates government under an $18.7 million contract, ExecutiveBiz reported Wednesday. The company said Tuesday the contract covers support for motion-based devices that the UAE...
TYSONS CORNER, VA, Feb. 23, 2017 ” CAE (NYSE: CAE) has received authorization to connect its aircrew flight trainer for the KC-135 Stratotanker with other platforms in the U.S. Air Force‘s Distributed Training Center Network, ExecutiveBiz reported Wednesday. The company said Tuesday the authority to operate for the KC-...
TYSONS CORNER, VA, Feb. 23, 2017 ” Lockheed Martin (NYSE: LMT) has completed the first flight test of its second production-ready T-50A trainer aircraft at the company’s final assembly and checkout facility in South Carolina, ExecutiveBiz reported Wednesday. The company said Monday it aims to offer the T-50A in the U.S. Air...
TYSONS CORNER, VA, Feb. 23, 2017 ” Science Applications International Corp. (NYSE: SAIC) has unveiled an amphibious combat vehicle prototype that the company developed for the U.S. Marine Corps as a ship-to-shore transport for warfighters, ExecutiveBiz reported Wednesday. The company said Tuesday the rollout of the ACV 1.1 protot...
The U.S. Air Force has awarded 12 companies spots on a pair of contracts worth up to $925 million combined over 10 years for lifecycle support and analysis of cryptographic and information assurance platforms. Seven firms will vie for materiel solutions analysis, technology maturation and risk reduction, engineering and...
Charles Woodburn, chief operating officer at BAE Systems, will officially assume the chief executive role after Ian King retires from the British defense company at the end of June. “Since his appointment last year, Charles has made an important contribution to the company, bringing impeccable engineering credentials, broad internati...
Eight companies have received contracts worth a combined $17 million to help NASA advance small launch and space vehicle technologies under the second round of the agency’s Utilizing Public-Private Partnerships to Advance Tipping Point Technologies program. NASA said Thursday each contract contains a performa...
Aerojet Rocketdyne Holdings (NYSE: AJRD) has agreed to acquire L3 Technologies‘ (NYSE: LLL) Coleman Aerospace business for $15 million cash in a push to expand the former’s systems engineering and mission analysis expertise. Coleman Aerospace will be renamed “Aerojet Rocketdyne Coleman Aerospace Inc.”...
Executive Mosaic’s GovCon Index held flat as the U.S. stock bellwether S&P 500 composite index traded narrowly lower Wednesday after the most recent Federal Reserve meeting minutes indicated a desire among many policymakers to raise interest rates “fairly soon.” GovCon Index advancers slightly edge...
