Raytheon (NYSE: RTN) has received a potential one-year, $110.1 million contract modification to begin fiscal 2017 low-rate initial production of S-band radars and radar suite controllers for the U.S. Navy. The modification seeks to exercise an option in a contract awarded in 2013 in support of the service branch’s Air and Missile Defense R...
A subsidiary of Jacobs Engineering Group (NYSE: JEC) has been awarded a five-year, $75 million contract to provide engineering and design support for industrial research efforts at administrative facilities within the Naval Facilities Engineering Command’s Washington area of responsibility. The Defense Department said Tuesday th...
Kevin Walden, acting chief information officer and director of information compliance and enterprise applications at Kratos Defense & Security Solutions (Nasdaq: KTOS), has been promoted to serve as CIO on a full-time basis. Walden will manage company-wide information security and compliance, data communications and other inform...
Executive Mosaic’s GovCon Index closed lower Tuesday in a session that saw the U.S. stock bellwether S&P 500 close at an all-time record high as investors restarted post-election buying activity in sectors they expect to see growth under a Donald Trump administration. Tuesday’s flat movement by the GCI follows Monday’...
TYSONS CORNER, VA, Dec. 13, 2016 ” The U.S. Navy intends to award a sole-source, fixed-price contract to Northrop Grumman (NYSE: NOC) to deliver potentially 40 full-rate production E-2D Advanced Hawkeye aircraft under lots 7 to 11, ExecutiveBiz reported Monday. Northrop will be tasked to provide program and production management, systems a...
TYSONS CORNER, VA, Dec. 13, 2016 ” The scheduled launch of a NASA hurricane-monitoring satellite system aboard an Orbital ATK (NYSE: OA) Pegasus rocket has been postponed to Dec. 14 due to an issue in the Stargazer L-1011 carrier plane, ExecutiveBiz reported Tuesday. The publication previously reported Monday the space ...
Mark Sopp, former executive vice president and chief financial officer at Leidos Holdings (NYSE: LDOS), will join KBR (NYSE: KBR) as CFO in the first quarter of 2017 and succeed Brian Ferraioli who will retire. Houston-based KBR said Tuesday Ferraioli and Sopp will work together to achieve a smooth transition for the company’sÃ...
Executive Mosaic’s GovCon Index fell 1 percent Monday on a steep by Lockheed Martin‘s (NYSE: LMT) stock at 2 percent as other large defense primes also tumbled after President-elect Donald Trump criticized the F-35 program’s costs in a Twitter post before markets opened. The GovCon Index traded down 2 percent sh...
TYSONS CORNER, VA, Dec. 12, 2016 ” A report from Deloitte suggests possible strategies derived from merger-and-acquisition activities in the private sector that could be applied to the next U.S. president’s government transition and integration efforts, ExecutiveBiz reported Friday. Deloitte said Thursday its...
TYSONS CORNER, VA, Dec. 12, 2016 ” Lockheed Martin (NYSE: LMT) representatives have visited the city of Cheyenne in Wyoming to inspect local resources as the company pursues a U.S. Air Force program to update the country’s ballistic missile system and launch facilities, ExecutiveBiz reported Friday. Wyoming Tribune Eag...
