Executive Mosaic’s GovCon Index recorded gains from Tuesday to Friday, ending the week at a record high of $5,538.65. Besides the 2.39% week-on-week gain, the index tracking the stock performances of 30 major government contractors registered a third straight winning week in August and a 4.74% month-on-month gain. Wall Street’s maj...
The State Department has approved a potential $224 million foreign military sale to the Netherlands of Patriot M903 launching stations and related equipment. The Defense Security Cooperation Agency said Thursday the Netherlands requested to purchase two new production launching stations along with equipment and services needed to upgrade existi...
A joint venture of Lockheed Martin (NYSE: LMT) and RTX‘s (NYSE: RTX) Raytheon business has received a potential $1.3 billion follow-on contract from the U.S. Army to produce Javelin missiles and supply related equipment and services for the military branch. The companies said in a joint release published Thursday the follow-on award is part of...
Jason Kim, a more than 20-year aerospace and defense industry veteran, will take on the position of CEO of Firefly Aerospace, a portfolio company of AE Industrial Partners, on Oct. 1. In this capacity, he will oversee a team of more than 700 employees as Firefly prepares to launch its Alpha rocket, Blue Ghost lunar...
Booz Allen Hamilton (NYSE: BAH) has secured a potential $1.2 billion task order from the Department of Homeland Security to provide cybersecurity tools and related services for 13 government agencies. The company said Thursday the three-year award in support of the Cybersecurity Infrastructure Security Agency’s Continuous Diagnostics and Mitigatio...
Justin Swearingen was elevated to the role of vice president of Navy surface and aviation solutions at Science Applications International Corp. (Nasdaq: SAIC), according to the executive’s LinkedIn announcement. He previously served as director of business development for naval aviation at SAIC. SAIC is the lead platinum sponsor of the Potomac...
BAE Systems‘ San Diego Ship Repair business has received a potential $225.6 million contract modification from the U.S. Navy to repair, maintain and upgrade an Arleigh Burke-class guided-missile destroyer. Work on the USS Halsey (DDG 97) Fiscal 2024 Depot Modernization Period will be conducted in San Diego, California, until April 2026. the De...
Marc Allen, a nearly two-decade Boeing (NYSE: BA) veteran, has joined aerospace company Electra as CEO. Allen will succeed John Langford, founder and former Electra CEO who will remain as chairman of the company, Electra said Thursday. Previously, Allen served as chief strategy officer and senior vice president for strategy and corporate development...
Jordan Burris, former head of public sector strategy at Socure, has been elevated to vice president and general manager of public sector solutions at the artificial intelligence company. In his new role, Burris will oversee Socure’s team that collaborates with agencies to expedite taxpayer fraud losses and enlist inclusive access to gover...
NASA has selected Intuitive Machines, a Houston, Texas-based space exploration company, to deliver payloads to the moon’s south pole region. The space agency said Thursday it awarded Intuitive Machines a $116.9 million task order through the Commercial Lunar Payload Services program, which aims to study the moon as part of the Artemis campaign...
