TYSONS CORNER, VA, July 28, 2016 ” Lockheed Martin (NYSE: LMT) and its partners Purdue University, New Mexico State University and the New Mexico Institute of Mining and Technology will bid on a potential 10-year, $2.9 billion contract to manage and operate Sandia National Laboratories, ExecutiveBiz reported Tuesday. The university pa...
TYSONS CORNER, VA, July 28, 2016 ” Joe Ayers, vice president of Hewlett Packard Enterprise‘s (NYSE: HPE) federal enterprise group, has said the future merger between HPE’s enterprise services segment and Computer Sciences Corp. will create a large information technology services company that works to support the systems in...
Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst ou...
Northrop Grumman‘s (NYSE: NOC) chief executive signaled to investors Wednesday that he would rather reposition its technology services segment to different focus areas rather than pursue a sale or spinoff of the division. Falls Church, Virginia-based Northrop created the technology services segment at the start of this year from a rea...
ManTech International (Nasdaq: MANT) reported second quarter earnings Wednesday that topped the consensus analyst estimate in part on task order awards for cybersecurity support services to federal agencies. GovCon Index-listed ManTech said second quarter earnings came in at 39 cents per share versus Wall Street’s forecast of 35 ce...
The U.S. Air Force could finish a declassified copy of the Government Accountability Office‘s decision to uphold the military branch’s selection of Northrop Grumman (NYSE: NOC) over a Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) team for the Long Range Strike Bomber program around late September, Bloomberg ...
Jimmy Viescas, a 14-year government contracting industry veteran and former director of finance at Octo Consulting Group, has been named chief financial officer of Alexandria, Virginia-based security services provider SGI Global. SGI Global said Wednesday he will be responsible for the company’s accounting, financial r...
BAE Systems has received $245 million contract from the U.K.’s ministry of defense for the acquisition of a gun system to be integrated on the country’s global combat ship fleet. BAE said Thursday it will provide three Maritime Indirect Fires System integrated gunnery systems that includes a 62-caliber Mk 45...
Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as th...
TYSONS CORNER, VA, July 27, 2016 ” The U.S. Navy has cancelled a stop-work order issued to PAE to allow the company to provide maintenance and logistics support services for 44 of the military branch’s F-5 aircraft, ExecutiveBiz reported Tuesday. PAE said Tuesday it started contract transition on May 25 and will provide&nbs...
