Bechtel™s plant machinery company has received a $303.1 million cost-plus-fixed-fee, sole-source contract to provide nuclear propulsion components to the U.S. Navy. The Defense Department said Tuesday Bechtel Plant Machinery Inc. will carry out work in Monroeville, Pennsylvania, and Schenectady, New York, under the Naval Nuclear Propulsion prog...
Donald Wetekam, vice president of government and defense business development at AAR‘s aviation services sector, and Jeffrey Wehrenberg, previously chief operating officer at the company’s airlift division, have been appointed to lead AAR Airlift. The company said Thursday Wetekam and Wehrenberg will report to John Ho...
Executive Mosaic’s GovCon Index traded higher Tuesday to start the final trading week of 2016 as GCI-S&P 500 company Lockheed Martin (NYSE: LMT) led gains in conjunction with positive performances by mid- and lower-tier primes and services contractors. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and eig...
TYSONS CORNER, VA, Dec. 27, 2016 ” Orbital ATK (NYSE: OA) will host a three-day program on space exploration in an effort to promote science, technology, engineering and mathematics to high school students, ExecutiveBiz reported Friday. Higher Orbits’s Go For Launch! event will will be held at Orbital ATK’s Dulles headquarters ...
TYSONS CORNER, VA, Dec. 27, 2016 ” A team of companies led by BAE Systems will support the assessment phase of the Challenger 2 Life Extension Project that seeks to modernize the main battle tanks of the British Army under an agreement with the U.K. defense ministry, ExecutiveBiz reported Friday. The company said Thursday the coa...
TYSONS CORNER, VA, Dec. 27, 2016 ” Lockheed Martin (NYSE: LMT) and Data Security Council of India have launched an online portal the aims to educate small- and medium-sized businesses and vocational training institutes on cybersecurity, GovCon Executive reported Friday. The CyberAware platform includes training modules on cyber threats and...
The U.S. Air Force has awarded a General Atomics subsidiary a $349.1 million cost-plus-fixed-fee contract to provide support services for the MQ-1 Predator and MQ-9 Reaper unmanned aerial systems. General Atomics Aeronautical Systems Inc. will deliver program, configuration and inventory control point management, as well as depot...
Executive Mosaic’s GovCon Index closed Friday with a 0.001-point gain to 88.541 to remain nearly flat in the last day of trading before the holiday. Financial markets were thinly traded and showed minor change before the weekend. Gainers in the Index outnumbered decliners 19 to 11. Market Summary Index Value Net Change % Change GovCo...
Executive Mosaic’s GovCon Index closed unchanged. Financial markets were thinly traded and showed minor change in preparation for the upcoming Holiday. The GovCon Index ending the day at 88.541 up 0.001 points or 0.001 percent. Gainers outplaced decliners 19 to 11. Market Summary Index Value Net Change % Change GovCon Index 88.541 +0.001 ...
Lockheed Martin (NYSE: LMT) has received a potential $284.6 million contract from the U.S. Navy to produce infrared target sight systems for the AH-1Z Cobra attack helicopter. The company™s Orlando, Florida-based missile and fire control unit will produce the sight system in Orlando and Ocala in Florida through January 2022 for the Navy an...
