Precision Turbines has received a $45.8 million contract from the U.S. Navy to provide performance-based contractor logistics services for two UC-35C and 10 UC-35D aircraft to support the U.S. Marine Corps. The Defense Department said Thursday work will occur in Florida, Texas, Kansas, Louisiana, North Carolina, California, West ...
The GovCon Index attempted an afternoon reversal from its morning decline Thursday and closed at a nominal loss of 0.004 points to 80.493 as U.S. investors paused their recent stretch of optimism before the Federal Reserve‘s policy meeting next week and other key events to gauge the global economy. Thursday ends the Index’s str...
TYSONS CORNER, VA, June 9, 2016 ” Rick Ambrose, executive vice president of Lockheed Martin‘s (NYSE: LMT) space systems business, was featured in the Atlantic Council’s Captains of Industry Series event Wednesday, GovCon Executive reported Monday. The council said Ambrose’s portion in the discussion focuses on Lockheed...
Denmark will proceed on a plan to purchase 27 F-35A fighter jets for $3 billion total from Lockheed Martin (NYSE: LMT), Reuters reported Thursday. Nikolaj Skydsgaard wrote Denmark becomes the 11th country to purchase the F-35’s conventional takeoff-and-landing variant used by U.S. and international partner air forces. The Danish ...
Lloyd Austin, former U.S. Central Command commander, has been elected to join United Technologies Corp.‘s (NYSE: UTX) board of directors. UTC said Wednesday the retired U.S. Army general will join the company on Sept. 1 and become one of 14 board members. Austin served in the Army for over 41 years and held various com...
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’...
