Hewlett Packard Enterprise (NYSE: HPE) has announced plans to merge its non-core software assets with global enterprise software firm Micro Focus under an $8.8 billion deal that is expected to be tax-free to HPE. HPE said Wednesday both companies expect the combination of HPE™s big data, application delivery management, ente...
George Schindler, president and chief operating officer of CGI (NYSE: GIB), will assume a new dual role as president and CEO at the Montreal-based technology services contractor beginning Oct. 1. Schindler will also join the company’s board of directors and succeed Michael Roach, who will continue to serve on the boar...
Executive Mosaic’s GovCon Index closed down slightly for the second straight day. GovCon stocks split evening with 1/2 advancing and 1/2 declining. The biggest gainer in the GovCon sector was SAIC closing at $69.95, up $3.95 or 6.01%. SAIC released strong quarterly earning of $0.85 per share, beating the Wall Street expectations by $0.06....
TYSONS CORNER, VA, Sept. 8, 2016 ” Lockheed Martin (NYSE: LMT) has secured a two-year, $8.2 million delivery order from the U.S. Navy to develop and maintain avionics systems for the future presidential helicopter, ExecutiveBiz reported Wednesday. The company’s logistic services subsidiary will provide the design, develop h...
Science Applications International Corp.’s (NYSE: SAIC) chief executive told investors Thursday he expects consolidation among government services contractors to continue as companies continue to pursue portfolio reshaping initiatives. SAIC itself was a player in the GovCon services consolidation wave through the $790 million acquisition of Sc...
TYSONS CORNER, VA, Sept. 8, 2016 ” The Lockheed Martin-built (NYSE: LMT) Origins, Spectral Interpretation, Resource Identification, Security – Regolith Explorer spacecraft will launch on Sept. 8 after NASA cleared it following a launch readiness evaluation, ExecutiveBiz reported Wednesday. Space News reported Tues...
TYSONS CORNER, VA, Sept. 8, 2016 ” BAE Systems has partnered with the Cyber Security Challenge UK organization and the U.K. government’s communications center to hold a cyber forensics competition that simulates a scenario in which a fictional payment application website gets attacked, ExecutiveBiz reported Wednesday. BAE&n...
TYSONS CORNER, VA, Sept. 8, 2016 ” Raytheon (NYSE: RTN) will provide center display units for the U.S. Air Force‘s F-16 fighter aircraft under an $8.8 million contract, ExecutiveBiz reported Wednesday. The Defense Department said Tuesday Raytheon will both retrofit and maintain 130 display units for the Air Force F-16 fleet thro...
TYSONS CORNER, VA, Sept. 8, 2016 ”The Defense Department voiced support for Lockheed Martin‘s (NYSE: LMT) and Boeing‘s (NYSE: BA) plans to establish manufacturing for their F-16 and F-18 fighter jets in India under the Make in India project, ExecutiveBiz reported Tuesday. The companies will lead technology t...
TYSONS CORNER, VA, Sept. 8, 2016 ” South Korea may purchase four Boeing-developed (NYSE: BA) P-8 Poseidon maritime surveillance aircraft as North Korea continues test firings of its submarine-launched ballistic missiles, ExecutiveBiz reported Wednesday. The country seeks an anti-submarine aircraft equippe...
