Executive Mosaic’s GovCon Index ticked 0.23% higher to $5,491.84 Friday, its only gain in five trading sessions. The index, which tracks the stock performances of 30 major government contractors, lost 2.24% week-on-week for its first losing week since the week ending Sept. 13. As of Oct. 25, 2024, the GovCon Index is up 17.64% year-to-date....
Northrop Grumman generated $10 billion in sales during the third quarter of 2024, up 2 percent from the same period last year, and posted $11.7 billion in Q3 net awards with a record backlog of $85 billion. In an earnings release published Thursday, the Falls Church, Virginia-based aerospace and defense contractor said year-to-date sales rose...
Invisible Technologies has appointed Wes Green, a 28-year defense and national security market veteran, as senior vice president to lead its newly launched global public sector operations. The company said Thursday Green will oversee Invisible’s collaboration efforts with federal agencies and technical staff through the global public sector segmen...
Daniel Olmes has transitioned to the role of chief risk officer at Xcelerate Solutions, where he most recently worked as chief operating officer. Olmes will be responsible for driving strategic risk mitigation initiatives and streamlining merger and acquisition activities, Xcelerate Solutions said in a LinkedIn post published Thursday. The executive...
The Department of Homeland Security’s Federal Emergency Management Agency plans to launch a competition for a follow-on contract to continue providing operations portfolio sustainment and enhancement support to help keep FEMA’s information systems available and operational. According to a notice published Thursday on the Acquisition Planning For...
The U.S. Space Force has awarded Northrop Grumman a potential $1.8 billion contract modification to build and launch the first two polar space vehicles under the Next-Generation Overhead Persistent Infrared program. The Department of Defense said Wednesday the company will also transition the Next-Gen OPIR Polar Space Vehicles 1 and 2 to operations ...
The State Department has approved a potential $7.3 billion foreign military sales request of Poland for equipment and services to help modify and upgrade the European country’s existing F-16 aircraft to the new Viper configuration. The Defense Security Cooperation Agency said Wednesday Lockheed Martin will be the principal contractor in the pr...
Raytheon has secured $676 million to continue manufacturing tube-launched, optically tracked, wire-guided TOW weapon systems for the U.S. Army. The awards comprise an annual production contract valued at $430 million from fiscal 2023 and an additional $246 million in 2024, Raytheon parent company RTX said Wednesday. Weapons Production in Tucso...
Anirban Bose will succeed Jim Bailey as CEO of the Americas strategic business unit of Capgemini, effective Nov. 1. Capgemini said Wednesday Bose was head of the company’s financial services SBU and a member of the group executive board from 2018. Commenting on the appointment, Capgemini Group CEO Aiman Ezzat said, “Anirban Bose has been...
Rick Garceau, former Federal Aviation Administration leader, was appointed vice president at Changeis. He will build on his four decades of experience in air traffic control management, safety management, technical training and space or UAS new entrant operations to identify and pursue new business opportunities for Changeis, the company said Wednes...
