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...
Executive Mosaic’s GovCon Index traded higher Tuesday against choppy trade in the larger U.S. stock market as defense-oriented investors prepare to examine a large batch of earnings reports from major sector players due Wednesday. The GovCon Index notched a gain of 0.473 points to 82.151 and eight of the GCI’s 11 S&P 5...
TYSONS CORNER, VA, July 26, 2016 ” CSRA (NYSE: CSRA) will be added to two Amazon Web Services (Nasdaq: AMZN) government cloud partner network programs as part of a strategic alliance between the two companies, ExecutiveBiz reported Monday. CSRA said Monday it will join the Government Competency and AWS Go...
