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BAE Systems has received $245 million contract from the U.K.’s ministry of defense for the acquisition of a gun system to be integrated on the country’s global combat ship fleet. BAE said Thursday it will provide three Maritime Indirect Fires System integrated gunnery systems that includes a 62-caliber Mk 45...
Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as th...
TYSONS CORNER, VA, July 27, 2016 ” The U.S. Navy has cancelled a stop-work order issued to PAE to allow the company to provide maintenance and logistics support services for 44 of the military branch’s F-5 aircraft, ExecutiveBiz reported Tuesday. PAE said Tuesday it started contract transition on May 25 and will provide&nbs...
TYSONS CORNER, VA, July 27, 2016 ” The General Services Administration has awarded Unisys (NYSE: UIS) a potential two-year, $12.6 million contract to continue applications and systems development and implementation for GSA’s Public Buildings Service, ExecutiveBiz reported Tuesday. The company said Monday it will help PBS dr...
TYSONS CORNER, VA, July 27, 2016 ” Orbital ATK (NYSE: OA) will collaborate with space propulsion systems maker ECAPS to develop and market a green liquid propulsion system for both the government and commercial sectors, ExecutiveBiz reported Tuesday. The green propulsion system will work to limit environmental risks and lifecycle...
TYSONS CORNER, VA, July 27, 2016 ” AT&T (NYSE: T) Chairman and CEO Randall Stephenson has accepted Federal Communications Commission Chairman Tom Wheeler’s request for Stephenson to lead a group that will work to drive private-sector efforts against automated calls, ExecutiveBiz reported Tuesday. The company said in a blog e...
Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on a $...
The U.S. Army has awarded L-3 Communications (NYSE: LLL) a 12-month, $216.4 million contract modification to continue to provide aircraft logistics support services to the military branch. L-3 will perform the task in Madison, Mississippi and is scheduled to finish work by July 31 next year, the Defense Department said...
The U.S. Air Force has awarded contract modifications worth a combined $88 million to 12 companies to provide information technology application services through the military branch’s Network-Centric Solutions-2 vehicle. The Defense Department said Tuesday work will occur through June 20, 2022 and the Air Force will determine ...
Raytheon (NYSE: RTN) has received a $132.4 million modification from the Missile Defense Agency that raises the ceiling value of a previously awarded contract for Ballistic Missile Defense System support services to approximately $1.1 billion. The Defense Department said Tuesday that Raytheon’s integrated defense systems un...
