Motorola Solutions (NYSE: MSI) has completed its purchase of Spillman Technologies, which will be part of the Illinois-based communications technology provider’s smart public safety solutions business. Bruce Brda, executive vice president of products and services at Motorola Solutions, said Thursday the company made the acquisition with the go...
Raytheon (NYSE: RTN) has received a $76.1 million contract option to continue the production of Miniature Air Launched Decoy Jammer flight vehicles and support equipment for the U.S. Air Force. The Defense Department said Thursday the exercised option covers lot 10 of MALD-J vehicles and Raytheon’s missile systems business&...
Executive Mosaic’s GovCon Index added 2 percent to another record close Thursday as investors continued a buying spree on defense stocks after Donald Trump’s election win and Maximus (NYSE: MMS) rebounded after its sharp drop Wednesday. GovCon Index gainers again outnumbered laggers at a 9-to-1 ratio for a second consecuti...
TYSONS CORNER, VA, Nov. 10, 2016 ” Two Harris-built (NYSE: HRS) unfurlable mesh antenna reflectors are part of the U.S. Navy‘s fifth Mobile User Objective System satellite and have been deployed Oct. 30, ExecutiveBiz reported Wednesday. Harris said Tuesday it provides a 45-foot and an 18-foot antenna per satellite on the MUOS co...
TYSONS CORNER, VA, Nov. 10, 2016 ” Microsoft (Nasdaq: MSFT) has expanded its Azure Government Cloud‘s provisional authorization-to-operate under the Federal Risk and Authorization Management Program with five new offerings, ExecutiveBiz reported Wednesday. The addition of Service Bus, Notification Hubs, Site Recovery, StorS...
TYSONS CORNER, VA, Nov. 10, 2016 ” Engility (NYSE: EGL) has contributed to six of the 122 research projects to be presented at the six-day Supercomputing 2016 conference beginning Nov. 13 in Salt Lake City, Utah, GovCon Executive reported Wednesday. The company said Tuesday the research posters will be displayed during the event ...
GovCon Index-listed Maximus (NYSE: MMS) released earnings and revenue guidance for fiscal year 2017 below the consensus Wall Street forecast Thursday in part on expectations of continued headwinds from the British pound’s post-Brexit weakening. The Reston, Virginia-based government services contractor forecasts earnings of $2.90-$3.1...
GovCon Index– and S&P 500-listed CSRA (NYSE: CSRA) reported second quarter earnings and revenue above Wall Street analysts’ forecasts after markets closed Wednesday on what the company cited as ramps of new business awards and expansion of existing work. Earnings for the three-month period ended Sept. 30 came in at $0.56 per share to...
Bechtel‘s plant machinery business has secured a potential $575.1 million cost-plus-fixed-fee contract from the U.S. Navy for various naval nuclear propulsion components. The Defense Department said Wednesday Bechtel Plant Machinery Inc. will perform work in New York and Pennsylvania and the Naval Sea Systems Command will obligate the ful...
Eleven companies have won spots on a five-year, $300 million contract for design, construction and engineering services to the U.S. Air Force. The Defense Department said Wednesday contractors will vie for task orders to design, build, repair, renovate or restore Air Force facilities and infrastructure within the West region usi...
