Executive Mosaic’s GovCon Index closed Friday with a 0.464-percent climb to 88.863 as gainers outnumbered laggards at a 2-to-1 ratio with strong performances by defense prime stocks. L3 Technologies (NYSE: LLL) was GCI’s top net performer while Vectrus (NYSE: VEC) led the listed stocks in percentage gained. The Index’...
Executive Mosaic’s GovCon Index rebounded Friday with strong performances by defense prime stocks as U.S. stocks rose on investor optimism from quarterly earnings beats by large financial institutions and positive retail sales numbers from December. GovCon Index gainers outnumbered laggards by a 2-to-1 ratio and nine of its 11 S&P 500 stoc...
TYSONS CORNER, VA, Jan. 13, 2017 ” CenturyLink (NYSE: CTL) will deliver software-defined networking and network functions virtualization services as part of its Defense Research and Engineering Network III contract that looks to develop a fiber-optic network for the Defense Department, ExecutiveBiz reported Thursday. The company ...
TYSONS CORNER, VA, Jan. 13, 2017 ” General Dynamics‘ mission systems subsidiary is now accepting orders from customers in the global defense, commercial and scientific sectors for its new Bluefin SandShark autonomous underwater vehicle via the company’s website, ExecutiveBiz reported Thursday. The company said Wednesday&nb...
TYSONS CORNER, VA, Jan. 13, 2017 ” IBM‘s (NYSE: IBM) Watson Health unit has entered into a research initiative with the U.S. Food and Drug Administration in an effort to explore blockchain technology application for health data, ExecutiveBiz reported Thursday. The company said Wednesday it will work with the agency to study...
TYSONS CORNER, VA, Jan. 13, 2017 ” Lockheed Martin (NYSE: LMT) continues to mentor Accurate Machine and Tool under the Defense Department‘s Mentor-Protege Program to develop the small business’ efforts to support more customers and pursue opportunities in the public sector as a prime contractor, ExecutiveBiz...
TYSONS CORNER, VA, Jan. 13, 2017 ” RapidSOS has named William Swanson, former Raytheon (NYSE: RTN) chairman and CEO, to the advisory board of the New York-based emergency communications technology company, GovCon Executive reported Thursday. Swanson has at least 40 years of experience in cybersecurity, defense and communicat...
Saab will relocate the headquarters of its North American defense and security business from Ashburn, Virginia, to East Syracuse, New York, in a push to grow the unit’s U.S. footprint and local presence in the state, Syracuse.com reported Wednesday. Rick Moriarty writes New York Gov. Andrew Cuomo said in his State of the State address...
The Defense Logistics Agency has awarded Bluewater Defense a potential $118.7 million modification to exercise a one-year option on a previously awarded contract for the supply of military uniforms. Bluewater Defense will deliver various uniforms to the U.S. Army, U.S. Navy and the Afghan military under the contract option, the Defens...
Phantom has obtained $13.5 million in a Series B funding round led by venture capital firm Kleiner Perkins Caufield & Byers and backed by In-Q-Tel. Phantom will use the funds to expand engineering, sales and marketing operations in support of its platform that works to automate and orchestrate security operations, the company said Tuesday. ...
