TYSONS CORNER, VA, Oct. 28, 2016 ” Orbital ATK (NYSE: OA) has received full materiel release approval from the Joint Munitions Command for the company’s 60-millimeter M1061 mortar cartridge, ExecutiveBiz reported Thursday. The company said Thursday the approval serves to certify that the munition is safe, logistically suppo...
TYSONS CORNER, VA, Oct. 28, 2016 ” Harris Corp. (NYSE: HRS) has unveiled a new night-vision technology that works to support warfighter missions in the nighttime and in low-light environments, ExecutiveBiz reported Thursday. The company said Wednesday the F5032 Lightweight Night Vision Binocular is also designed to limit eye fatigue a...
Differing acquisition strategies among government services contractors and defense primes became a main discussion topic analysts raised in earnings calls Thursday morning with three GovCon companies that stated financial results. L-3 Communications (NYSE: LLL) hinted it could make more acquisitions this year with three...
Cognosante has purchased Business Information Technology Solutions for an undisclosed sum in a push to expand the former™s presence in the public health information technology sector. BITS will operate as a subsidiary and Founder and CEO Dan McQuay will continue to lead the business under the new ownership, Cognosante said Thurs...
Richard White, a 31-year veteran from Harris Corp. (NYSE: HRS) and former CEO of government services contractor Capstone Corp., has joined spacecraft system and satellite manufacturer Space Systems Loral to lead SSL’s U.S. government business as a senior vice president. Palo Alto, Calif.-based SSL said Thursday White will be based ou...
Ramesh Munamarty, former Verint Systems chief information officer, has been named group CIO at medical and travel security services company International SOS. Munamarty will drive strategic imperatives such as enterprise information technology, digital transformation and business process optimization for the business, International SO...
Constellation (NYSE: CEG) has been awarded a 23-year, $170 million contract by the Naval Facilities Engineering Command to install energy conservation and distributed generation systems intended to help the U.S. Marine Corps meet energy-efficiency goals. The Exelon Corp. subsidiary will build an 8.5-megawatt biomass-fueled genera...
Executive Mosaic’s GovCon Index posted its biggest percentage decline in four weeks Thursday after Raytheon (NYSE: RTN) and L-3 Communications (NYSE: RTN) posted guidance ranges below Wall Street analysts’ expectations with other large defense primes also the GCI’s largest drags. GovCon Index decliners outnumbered advancers at...
TYSONS CORNER, VA, Oct. 27, 2016 ” A study conducted by Deloitte has found that the total cost overrun of major defense acquisition programs reached $468 billion in 2015 with a 48.3-percent growth from 2008’s $295 billion, ExecutiveBiz reported Tuesday. Deloitte said Monday the report found that there is a trend of cost growth and...
TYSONS CORNER, VA, Oct. 27, 2016 ” Riverbed Technology‘s application performance management tools will be available via Microsoft‘s (Nasdaq: MSFT) public sector cloud marketplace as part of a partnership between the two companies, ExecutiveBiz reported Tuesday. Microsoft’s Azure Government Cloud Marketplace will offer gov...
