United Technologies Corp.‘s (NYSE: UTX) Pratt and Whitney business unit has secured a potential $64 million contract modification from the U.S. Air Force for F119 engine sustainment services. The Defense Department said Wednesday the Air Force Life Cycle Management Center will obligate $48 million from fiscal 2016 operations and maintenan...
The GovCon Index held positive for a sixth consecutive full trading session Wednesday with a gain of 0.751 points to 80.497 and achieved its first close above 80 points in 16 months. A weakening dollar helped lift U.S. stocks and multinational corporations in particular as commodities such as copper, gold and oil rose, according to Reuters....
TYSONS CORNER, VA, June 8, 2016 ” A Concurrent Technologies Corp. and Battelle joint venture received the first task order under the U.S. Army‘s $122.5 million multi-award contract for support to the National Defense Center for Environmental Excellence, ExecutiveBiz reported Friday. CTC said Thursday their Nationa...
TYSONS CORNER, VA, June 8, 2016 ” Rebecca Cowen-Hirsch, senior vice president for government strategy and policy at Inmarsat, has indicated that the company’s Global Xpress network promotes interoperability between commercial and military communications systems, ExecutiveBiz reported Thursday. Cowen-Hirsch wrote in a b...
A spokesman for the Department of Homeland Security said DHS upheld its decision on June 2 to award a potential $1 billion cyber system support contract to Raytheon (NYSE: RTN) following protests by other contract competitors, Bloomberg reported Tuesday. Jack Harrington, vice president for cybersecurity and special missions at Raytheon’...
Boeing (NYSE: BA) has received a potential four-year, $667.5 million contract from the U.S. Army to deliver 24 AH-64E Apache helicopters and related equipment to Qatar as part of a foreign military sales agreement. The company will perform work in Mesa, Arizona, through May 31, 2020, under the fixed-price-incentive contract and the Army Contrac...
Northrop Grumman (NYSE: NOC) has been awarded a 20-month, $600 million contract modification by the Missile Defense Agency to continue providing technical integration and operational support services for the U.S. ballistic missile defense system. The Defense Department said Tuesday the modification increases the contract’s total value&nbs...
AMTEC has received a potential $84.5 million contract from the U.S. Army to produce 40mm grenade systems for Iraq AMTEC will perform work under the firm-fixed-price, foreign military sales contract through September 30, 2019, the Defense Department said Tuesday. The Army Contracting Command obligated the full contract ...
Mark Horan, formerly a vice president and general manager at Dell, has joined Avalon Technologies as CEO. Horan will work to help Avalon refine the company™s market strategies, expand its sales and technical teams and extend the business into the education, healthcare and commercial enterprise industries, Avalon said Tuesday. The 35-year i...
The GovCon Index stretched its current streak of gains to five Tuesday by 0.212 points to 79.746 on an upgrade to L-3 Communications (NYSE: LLL) and a spike in Navistar International (NYSE: NAV) shares despite a full-year revenue guidance cut. Credit Suisse lifted its target price on L-3 to $169.00 and held a “Buy” rating on...
