Lockheed Martin (NYSE: LMT) will receive approximately $1 billion in additional funds from the Defense Department after DoD decided to reimburse the company for production costs incurred on lot 9 of the F-35 Lightning II aircraft, Defense News reported Thursday. Valerie Insinna writes the F-35 joint program office will obligate funds for low-ra...
Executive Mosaic’s GovCon Index closed Friday down 0.148 points to 82.467 to end the week with a 0.315-point loss. The Index mirrored the larger U.S. market as the retail sales report for July showed no change from the previous month and manufacturing data fell below analyst expectations. Four of GCI’s S&P 50...
Executive Mosaic’s GovCon Index turned downward Friday to end at a weekly loss as U.S. stocks also held negative after July’s retail sales report showed no change from the previous month and new manufacturing data also fell below economists’ expectations. For the week, the Index registered a 0.315-point dec...
August 8 – August 12 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government contracting sector observers got a twin bill of significant acquisition developments during the Thursday evening-Friday morning “down time” in financial markets t...
TYSONS CORNER, VA, Aug. 12, 2016 ” Judith Douglas, a client industry executive at Hewlett Packard Enterprise (NYSE: HPE), has been appointed vice chair of the American Council for Technology “ Industry Advisory Council’s Institute for Innovation Advisory Board, GovCon Executive reported Thursday. ACT-IAC said Wednesday ...
TYSONS CORNER, VA, Aug. 12, 2016 ” SOS International‘s Exovera subsidiary will provide its EV3 cloud-based media analysis software to support the U.S. diplomatic mission in Afghanistan under a five-year contract with the State Department, ExecutiveBiz reported Thursday. SOSi said Wednesday EV3 will work to mo...
TYSONS CORNER, VA, Aug. 12, 2016 ” A BAE Systems geospatial technology will support a newly established business unit within The Rodgers Group by serving as a platform to convert text-based emergency action plans into collaborative response visuals, ExecutiveBiz reported Thursday. The public safety consulting ...
TYSONS CORNER, VA, Aug. 12, 2016 ” A Mitre-led information-sharing program funded by the Federal Aviation Administration has added Prism‘s Aviation Risk Management Online Resource tool as a platform to support aviation safety report submissions, ExecutiveBiz reported Thursday. Prism said Wednesday it will support the&n...
TYSONS CORNER, VA, Aug. 12, 2016 ” Lockheed Martin (NYSE: LMT) has teamed with Elbit Systems to pursue a contract with the U.K. defense ministry for the update of the Challenger 2 tanks under the British army’s Life Extension Project, ExecutiveBiz reported Thursday. Lockheed said Wednesday the team plans to perform work at its A...
Boeing (NYSE:BA) has secured a five-year, $203 million contract from Australia to provide a range of sustainment services for the Australian air force’s F/A-18F Super Hornet and EA-18G Growler aircraft, IHS Jane’s reported Thursday. Jon Grevatt writes the Australian defense department said the contract covers eng...
