Textron (NYSE: TXT) reported third quarter earnings below Wall Street’s expectation Thursday on restructuring costs and lower commercial deliveries in its Bell Helicopter segment. GovCon Index-S&P 500 company Textron reported $0.61 earnings per share versus the $0.67 analyst consensus with third quarter EPS ex...
Richard Roth, a former member of the Sevatec board of advisers, will be in charge of finance, accounting and contract management at the company as well as support strategic and operational objectives as Sevatec’s new CFO. The company said Thursday Roth has managed the business operations, mergers and acquisitions, cont...
Northrop Grumman (NYSE: NOC) has secured a potential one-year, $35.8 million contract from the U.S. Navy to implement risk reduction efforts for the future MQ-25 unmanned carrier aviation air system. The Defense Department said Wednesday the company will work to refine concepts and develop trade space ahead of the engineering and...
Executive Mosaic’s GovCon Index closed at a slight loss Wednesday to show a fourth session of tight movement over the last five on mixed activity in its large-cap members as U.S. stocks rode gains by energy producers on a 15-month high settlement in crude oil prices. GovCon Index laggers slightly edged gainers and...
TYSONS CORNER, VA, Oct. 19, 2016 ” Raytheon (NYSE: RTN) has received the 2016 Industrial Award from the Air Traffic Control Association in recognition of the company’s work in air traffic control modernization efforts, GovCon Executive reported Tuesday. The company said Monday ATCA presented the award during the organizatio...
TYSONS CORNER, VA, Oct. 19, 2016 ” Unisys (NYSE: UIS) will help update the Customs and Border Protection agency’s Land Border Integration systems that work to identify people and vehicles transiting through U.S. ports of entry, ExecutiveBiz reported Tuesday. The company said Tuesday the five-year Integrated T...
TYSONS CORNER, VA, Oct. 19, 2016 ” IAP Worldwide Services will install a ground intelligence system at Fort Hood and military facilities outside the U.S. under a potential $53 million contract from the U.S. Army, ExecutiveBiz reported Tuesday. The company said Monday the contract was awarded through the Rapid Response T...
TYSONS CORNER, VA, Oct. 19, 2016 ” CAE (NYSE: CAE) has secured contracts worth $76.3 million combined from the U.S. Air Force and U.S. Navy as well as Boeing‘s (NYSE: BA) Insitu subsidiary and Rotorsim to provide aircrew training services, ExecutiveBiz reported Tuesday. The training services will cover operators and crew on the KC-135, T-...
The U.S. Navy has awarded six companies contracts worth up to $230.6 million combined for curriculum development and maintenance services to the military branch’s Naval Training Products and Services Program. Each indefinite-delivery/indefinite-quantity contract has an ordering period of three years and a three-year option ...
General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has been awarded a pair of contract modifications with a combined value of $176 million to maintain and repair the U.S. Navy‘s fast attack submarine USS Montpelier. Electric Boat will also perform alterations, testing and routine work on USS Montpelier during the ...
