CSRA (NYSE: CSRA) is open to acquisitions and has allocated a portion of its cash deployment strategy for potential deals, the company’s chief executive told investors Wednesday. “They have to give us a technology edge as we think about cloud-enabled digitization of the marketplace. We always look for customer intimacy and competit...
United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a three-year, $151.7 contract modification from the U.S. Navy to provide a range of F-35 Lightning II aircraft supplies and services. The Defense Department said Wednesday the modification covers initial spare modules, engine system trainers...
Executive Mosaic’s GovCon Index recorded its worst session in four weeks Wednesday despite gainers as the clear majority after Orbital ATK (NYSE: OA) announced it would restate all financial results dated back to April 2014. Shares in Orbital ATK plummeted 20.25 percent — or $17.987 — at the&...
TYSONS CORNER, VA, Aug. 10, 2016 ” Raytheon (NYSE: RTN) plans to modify a missile interceptor platform developed by Israel’s Rafael Advanced Defense Systems to support a U.S. Army program that aims to address potential threats, ExecutiveBiz reported Tuesday. Defense News reported Monday that Raytheon will upd...
TYSONS CORNER, VA, Aug. 10, 2016 ” The Energy Department has awarded a team comprised of Fluor (NYSE: FLR), Honeywell (NYSE: HON) and SN3 Stoller Newport News Nuclear a 22-month contract extension to continue operations support for the Savannah River Site in South Carolina, ExecutiveBiz reported Tuesday. Fluor said Mon...
TYSONS CORNER, VA, Aug. 10, 2016 ” Lockheed Martin (NYSE: LMT) will launch a CubeSat lunar research satellite with Orion‘s Exploration Mission-1 in 2018 under a contract with NASA, ExecutiveBiz reported Tuesday. The company said Monday the SkyFire miniature satellite will be equipped with an infrared camera and work to capt...
TYSONS CORNER, VA, Aug. 10, 2016 ” Three LMI acquisition and financial management professionals were part of a government-industry team that received the Department of Homeland Security‘s Building Partnerships Award for their effort to deploy new technology for first responders, GovCon Executive reported Tuesday. ...
TYSONS CORNER, VA, Aug. 10, 2016 ” Northrop Grumman (NYSE: NOC) has worked with the U.S. Air Force to test the integration of virtual fifth-generation F-22 Raptor aircraft with fourth-generation F-16 Fighting Falcon jets as part of a live, virtual and constructive training, ExecutiveBiz reported Tuesday. The company said Monday&n...
Orbital ATK (NYSE: OA) said Wednesday it plans to restate almost two years of financial results on accounting issues and will delay the filing of its quarterly report for the most recent quarter as the company carries out an accounting review in its defense segment. The Dulles, Virginia-based space systems and ammunition maker said it wi...
Vectrus (NYSE: VEC) has lifted full-year earnings and revenue guidance on improved outlooks in cash flow for the 2016 second half and expectations of extra payments on debt. The Colorado Springs-based government communications services contractor now expects earnings per share in the $2.07-$2.32 range versus the previous&nbs...
