Executive Mosaic’s GovCon Index traded higher Wednesday on help from its large-cap components against mixed U.S. stock movements as investors awaited Federal Reserve chair Janet Yellen’s speech on the U.S. economy during the last hour of trade. GovCon Index gainers slightly edged decliners each and nine...
TYSONS CORNER, VA, Jan. 18, 2017 ” A new McKinsey Global Institute study estimates that almost half of today’s jobs could be automated by 2055 based on several factors that affect the pace of automation technology development, ExecutiveBiz reported Tuesday. The study stated developments in robotics, artificial intelligence ...
TYSONS CORNER, VA, Jan. 18, 2017 ” Lockheed Martin (NYSE: LMT) and the U.S. Navy held a ribbon-cutting ceremony for a newly renovated facility at Cape Canaveral Air Force Station in Florida that will host company employees who will work on the military service’s Fleet Ballistic Missile program, ExecutiveBiz reported Tu...
TYSONS CORNER, VA, Jan. 18, 2017 ” A new Deloitte study has shown that the Manufacturing USA network’s eight initial manufacturing institutes have garnered at least 1, 200 connections with companies, universities and government agencies and mitigated risk and costs in innovation efforts, ExecutiveBiz reported Tuesday. Manufacturing U...
TYSONS CORNER, VA, Jan. 18, 2017 ” The government of Canada has awarded CAE (NYSE: CAE) a potential $228 million contract modification to extend the company’s support for a NATO flight training program led by the Canadian air force, ExecutiveBiz reported Friday. The company said Thursday it will continue to provide ass...
William “Bill†Parsons, an 18-year NASA veteran, has been named president of Syncom Space Services, a joint venture of PAE and BWX Technologies (NYSE: BWXT). Parsons will oversee S3’s operations at NASA that include management of facility operations, test and manufacturing services and maintenance requirements at Stennis Sp...
The U.S. Air Force has awarded Northrop Grumman (NYSE: NOC) a one-year, $140 million contract modification to provide payload and operations support for an airborne communications relay that works to help warfighters transmit data and gain situational awareness. Northrop will perform support work on the Battlefield Airborne ...
General Electric (NYSE: GE) will remanufacture F110 military aircraft engines for the U.S. Air Force under a $98.1 million firm-fixed-priced delivery order from the Defense Logistics Agency. The Defense Department said Tuesday that GE will perform work through through Oct. 30, 2018, in Ohio and Kansas. DLA’s...
Dirk Hoke, CEO of Airbus‘ defense and space segment, has said he expects to see changes to military spending in Europe next year and anticipates “intensive” discussions among European countries about the future of NATO, Reuters reported Tuesday. “This discussion is long overdue when you consider that only five...
Executive Mosaic’s GovCon Index tumbled Tuesday on declines from major military shipbuilders and defense technology makers as U.S. stocks traded lower with a 2.28-percent decline by financial shares the main contributor after a three-day weekend for equity markets. GovCon Index laggards outnumbered advancers by an...
