Science Applications International Corp.’s (NYSE: SAIC) chief executive told investors Thursday he expects consolidation among government services contractors to continue as companies continue to pursue portfolio reshaping initiatives. SAIC itself was a player in the GovCon services consolidation wave through the $790 million acquisition of Sc...
TYSONS CORNER, VA, Sept. 8, 2016 ” The Lockheed Martin-built (NYSE: LMT) Origins, Spectral Interpretation, Resource Identification, Security – Regolith Explorer spacecraft will launch on Sept. 8 after NASA cleared it following a launch readiness evaluation, ExecutiveBiz reported Wednesday. Space News reported Tues...
TYSONS CORNER, VA, Sept. 8, 2016 ” BAE Systems has partnered with the Cyber Security Challenge UK organization and the U.K. government’s communications center to hold a cyber forensics competition that simulates a scenario in which a fictional payment application website gets attacked, ExecutiveBiz reported Wednesday. BAE&n...
TYSONS CORNER, VA, Sept. 8, 2016 ” Raytheon (NYSE: RTN) will provide center display units for the U.S. Air Force‘s F-16 fighter aircraft under an $8.8 million contract, ExecutiveBiz reported Wednesday. The Defense Department said Tuesday Raytheon will both retrofit and maintain 130 display units for the Air Force F-16 fleet thro...
TYSONS CORNER, VA, Sept. 8, 2016 ”The Defense Department voiced support for Lockheed Martin‘s (NYSE: LMT) and Boeing‘s (NYSE: BA) plans to establish manufacturing for their F-16 and F-18 fighter jets in India under the Make in India project, ExecutiveBiz reported Tuesday. The companies will lead technology t...
TYSONS CORNER, VA, Sept. 8, 2016 ” South Korea may purchase four Boeing-developed (NYSE: BA) P-8 Poseidon maritime surveillance aircraft as North Korea continues test firings of its submarine-launched ballistic missiles, ExecutiveBiz reported Wednesday. The country seeks an anti-submarine aircraft equippe...
Science Applications International Corp. (NYSE: SAIC) reported second quarter earnings above analyst forecasts before markets opened Thursday with a year-over-year increase to net income in part on lower acquisition and integration costs. GovCon Index-listed SAIC said earnings for the quarter ended Aug. 5, 2016 came in at 85 cents per share versu...
L-3 Communications (NYSE: LLL) has agreed to acquire Australia-based electronic warfare subsystems provider Micreo for an undisclosed amount. L-3™s electronic systems segment will absorb Micreo and adopt the name L-3 Micreo when the transaction closes in September following completion of standard closing conditions, L-3 said Wedn...
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a $132.6 million contract modification to provide two KC-130J Super Hercules configured aircraft to France under the foreign military sales program. Lockheed’s aeronautics segment will perform contract work at a company facility in Marietta, Georgia t...
Mary McDowell, an executive partner at Siris Capital Group, will join gobal communications services provider Polycom (Nasdaq: PLCM) as CEO once the latter company completes its merger with a Siris Capital affiliate. Polycom said Wednesday McDowell will succeed Peter Leav, who will continue to serve as CEO and board member until the completion of the...
