Northrop Grumman (NYSE: NOC) has secured $350 million in contract funds to produce MQ-4C Triton unmanned aerial vehicles, control stations and interim spares for the U.S. Navy. The company will work on three lot 1 low-rate initial production MQ-4C UAVs, main and forward operation control stations, tooling and training cours...
General Electric (NYSE: GE) has been awarded a potential $148 million contract by the U.S. Navy to repair, replace and support 35 F404 engine components of the service branch’s fleet of F/A-18 A-D jets. Work will occur in Jacksonville, Florida, and various GE supplier facilities through March 2019, the Defense Department sa...
The U.S. Army has awarded a $146.5 million contract modification to a BAE Systems subsidiary to construct an insensitive munitions weak nitric acid recovery facility at the Holston Army Ammunition Plant in Tennessee. BAE’s ordnance systems unit is scheduled to finish work July 31, 2019, the Defense Department said Tuesday. The Army C...
Investment firm Siris Capital has completed its buyout of communications and collaboration tools developer Polycom for nearly $2 billion cash, or $12.50 per share. San Jose, California-based Polycom said Monday it has stopped trading on the Nasdaq stock exchange as a result of the transaction and will continue to o...
The U.S. Navy has awarded five companies potential five-year contracts to provide software and system maintenance support for the service branch™s command, control, communications, computers and intelligence systems. The Defense Department said Tuesday the Navy™s Space and Naval Warfare Systems Center Pacific received 15 proposals for the ...
Executive Mosaic’s GovCon Index rebounded Tuesday on gains by defense technology makers as U.S. stocks also rose with jumps by technology and retail shares in conjunction with investor optimism on new consumer confidence data. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and all 11 of its S&...
TYSONS CORNER, VA, Sept. 27, 2016 ” Timothy Murphy, Thomson Reuters Special Services president, was featured in Security Magazine’s list of the 19 “Most Influential People in Security” for 2016, GovCon Executive said Monday. Murphy worked at FBI prior to his current position and held various leadership roles within&n...
Antoine œTony Azar, formerly vice president and general manager of civilian and healthcare services at Harris Corp. (NYSE: HRS), has joined CACI International (NYSE: CACI) as senior VP of health. Ken Asbury, CACI’s CEO and an inductee into Executive Mosaic˜s Wash100 for 2016, said Tuesday Azar will oversee the expansio...
David Smith, chief financial officer and director at Rolls Royce, will join U.K.-based science and engineering company Qinetiq as CFO. Qinetiq said Tuesday Smith will succeed David Mellors, who is scheduled to leave QinetiQ on Dec. 31 to join Cobham as the defense contractor’s CFO. “[David] has extensive executive experie...
Executive Mosaic’s GovCon Index showed little change Monday to start September’s final trading week as U.S. stocks declined on investor anticipation over the first U.S. presidential debate to take place six weeks before the Nov. 8 election. GovCon Index decliners outnumbered gainers at a 2-to-1 ratio and two of its&nb...
