The Missile Defense Agency has awarded Raytheon (NYSE: RTN) a $524 million contract option to produce, test and deliver up to 52 Standard Missile-3 Block IB weapon systems to MDA. It represents the first of three option years under a potential $2.3 billion contract modification announced on Dec. 18 last year, the Defense Department sa...
ICF International (Nasdaq: ICFI) reported second quarter earnings and revenue above the consensus analyst estimate Tuesday on year-over-year growth in U.S. federal government sales as the company also lifted guidance on full-year results for that market. Fairfax, Virginia-based consulting and technical services provider ICF said earnings for th...
Christopher Cambria, formerly vice president, general counsel and secretary of Aerojet Rocketdyne Holdings (NYSE: AJRD), has joined Mercury Systems (Nasdaq: MRCY) as senior VP, general counsel and secretary at the Massachusetts-based processing subsystems producer. He will report directly to President and CEO Mark Aslett and oversee&n...
The U.S. Navy has awarded positions on a potential $15 million contract to Cobham, Teledyne Technologies (NYSE: TDY) and EDO for the replacement of obsolete parts of the AN/ALQ-99F tactical jamming system. The Defense Department said Tuesday contractors will compete for task orders to develop manufacture and ...
Executive Mosaic’s GovCon Index traded downward Tuesday on sharp declines in Boeing (NYSE: BA) and major services-oriented contractors while Harris Corp. (NYSE: HRS) soared 2.71 percent on news of its board of directors membership agreement with activist hedge fund Jana Partners. The GovCon Index declined 0.316 po...
TYSONS CORNER, VA, Aug. 2, 2016 ” A Fortinet (Nasdaq: FTNT) business unit has worked with Interpol to investigate and expose a cyber fraud ring that used online scams to steal more than $60 million from businesses around the world, ExecutiveBiz reported Monday. The company said Monday FortiGuard Labs provided threa...
TYSONS CORNER, VA, Aug. 2, 2016 ” CSRA (NYSE: CSRA) and Racemi have entered into a partnership to jointly market a suite of bundled services designed to support government customers migration to Amazon Web Services˜ (Nasdaq: AMZN) cloud computing platform or isolated GovCloud region, ExecutiveBiz reported Monday. C...
TYSONS CORNER, VA, Aug. 2, 2016 ” Red Hat (NYSE: RHT) and Microsoft (Nasdaq: MSFT) have extended their partnership to support public sector clients to adopt Microsoft’s cloud computing technology through the former’s open-source software subscriptions, ExecutiveBiz reported Thursday. Paul Smith, Red Hat public sector busin...
Harris Corp.’s (NYSE: HRS) guidance for its 2017 fiscal year started July 4 came in below Wall Street’s consensus forecast before markets opened Tuesday as the communications technology contractor anticipates pressure in its tactical and maritime energy businesses to continue. Melbourne, Florida-based military radio maker Harris cit...
General Dynamics (NYSE: GD) has been awarded a potential five-year, $149 million contract for systems development and threat detection services to the Defense Advanced Research Projects Agency as DARPA aims to achieve early detection of suspicious activity on its network. The company said Tuesday its mission systems business unit will offer its...
