The U.S. Army has awarded a five-year, $103 million indefinite-delivery/indefinite-quantity contract to Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary for the production of mortar weapon systems. Elbit Systems of America has also received an initial purchase order from the military service, the company said Wednesday. Raanan Horo...
The U.S. Air Force has awarded positions on a potential seven-year, $11.40 billion contract to 16 companies for support services to the Defense Department‘s fielded active weapon systems. The Air Force Sustainment Center in Oklahoma received 25 offers for the Contract Field Teams indefinite-delivery/indefinite-quantity cont...
A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received a $267.25 million contract modification from the U.S. Navy to provide additional logistics support for the V-22 Ospreys of the Marine Corps, Air Force and Special Operations Command. The Defense Department said Tuesday the Bell-Boeing Joint Project O...
Elon Musk’s SpaceX business has been chosen by NASA to help the space agency launch a satellite designed for global survey of Earth’s surface water. NASA said Wednesday it expects the cost of launch service, spacecraft processing, payload integration and tracking, data and telemetry support for the Surface Water ...
Canada plans to buy 18 Boeing-built (NYSE: BA) F/A-18E/F Super Hornet aircraft from the U.S. government on a temporary basis for an undisclosed amount in an effort to support the country™s existing fleet of CF-18 fighter jets, National Post reported Tuesday. David Pugliese writes Canada™s liberal government announced th...
Executive Mosaic’s GovCon Index set a new closing record Tuesday with a 1-percent gain paced by defense prime and government services stocks as the U.S. bellwether S&P 500 also ended at an all-time high in spite of healthcare stock declines. GovCon Index advancers outnumbered decliners at a 4-to-1 ratio and nine of its ...
L-3 Communications (NYSE: LLL) has purchased U.K.-based aviation security technology maker MacDonald Humfrey Automation in a deal potentially worth up to $315.5 million for an effort to add new automation and robotic tools for deployment at airports worldwide. The deal comes nearly one month after L-3 said it would purchase Impla...
Carey Smith, former president of Honeywell‘s (NYSE: HON) defense and space business, has joined Parsons Corp. as president of the Pasadena, Calif.-based engineering and infrastructure services contractor’s U.S. federal business unit. Parsons said Tuesday Tom Roell will return to his full-time post as vice chairman and chief risk adviser ...
TYSONS CORNER, VA, Nov. 22, 2016 ” The National Oceanic Atmospheric Administration has awarded an ASRC Federal business unit a potential five-year, $35 million contract to provide engineering support for the agency’s Alaska-based satellite operations facility, ExecutiveBiz reported Monday. ASRC Federal Technical Services will pr...
TYSONS CORNER, VA, Nov. 22, 2016 ” Aerospace Industries Association has elected Roger Krone, Leidos (NYSE: LDOS) chairman and CEO, to its executive board of governors for 2017, GovCon Executive reported Friday. Krone will join Boeing (NYSE: BA) CEO Dennis Muilenburg and Raytheon (NYSE: RTN) CEO Thomas Kennedy, who will respectiv...
