An affiliate of aerospace and defense investment firm Admiralty Partners has purchased General Electric‘s (NYSE: GE) Santa Ana, California-based business operations. Admiralty Partners said Tuesday the former GE unit will continue to operate at its present location under the name Integral Aerospace. Integral Aerospace manufactur...
John Barter, chairman of the board of directors at DHI Group (NYSE: DHX), has been elected to join Engility‘s (NYSE: EGL) board as an independent director. Engility said Dec. 27 in a regulatory filing with the Securities and Exchange Commission that Barter will also serve on the audit committee of the board of the Chantilly, Virginia...
Executive Mosaic’s GovCon Index registered a loss Friday to close what was only its second weekly decline since the Nov. 8 election of Donald Trump and end December in the negative. GCI decliners outnumbered gainers by a 3-to-1 ratio in the last trading session of 2016, while 25 out of 30 Index companies advanced on a yearly bas...
Executive Mosaic’s GovCon Index retreated Friday in the final trading session of 2016 to close a negative December but but a positive year on a boost to defense stocks in the post-election rally that has swept through U.S. markets. The GovCon Index closes 2016 with a year-to-date gain of 16.73 percent as the U.S. stock...
TYSONS CORNER, VA, Dec. 30, 2016 ” Orbital ATK (NYSE: OA) is exploring new mission opportunities for its Pegasus XL air-launched rocket after the launch of NASA‘s Ionospheric Connection Explorer satellite in June 2017, ExecutiveBiz reported Thursday. Spaceflight Now reported Tuesday the company has no plans of phasing ...
TYSONS CORNER, VA, Dec. 30, 2016 ” A report prepared by Science Applications International Corp. (NYSE: SAIC) recommends that Congress delegate space management responsibilities to a civilian agency, ExecutiveGov reported Thursday. Space News reported Wednesday that NASA commissioned SAIC to produce the report...
TYSONS CORNER, VA, Dec. 30, 2016 ” The U.S. Air Force has awarded Engility (NYSE: EGL) a $46.3 million contract option to provide support services to the Space and Missile Systems Center’s remote sensing systems directorate, ExecutiveBiz reported Thursday. Engility will conduct systems engineering and integration controls, enter...
Oshkosh (NYSE: OSK) has received a one-year, $176.1 million contract modification to build 409 Joint Light Tactical Vehicles for the U.S. Army. The Defense Department said Thursday Oshkosh’s defense business segment will perform work in Oshkosh, Wisconsin through Dec. 31, 2017. The Army Contracting Command obligated the full ...
Lockheed Martin (NYSE: LMT) has been awarded a $450 million contract modification by the U.S. Navy to continue integration work on the F-35A air system for South Korea as part of a foreign military sales deal. The Defense Department said Thursday the modification also covers non-recurring engineering services and falls under...
The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) NASSCO subsidiary a $324.4 million contract modification for the detail, design and construction of a follow-on Expeditionary Sea Base. The modification also definitizes the procurement of long lead-time materials needed to build the ESB 5 ship, the Defense Department said Thursday. N...
