The GovCon Index tumbled for a third consecutive session Tuesday at 0.294 points to 73.895 as U.S. investors weighed new economic data that showed mixed pictures for the domestic economy and remarks from International Monetary Fund leader Christine Lagarde that a global recovery is surrounded by political risk and instabilit...
TYSONS CORNER, VA, April 5, 2016 ” General Dynamics (NYSE: GD) will supply software-based radio systems for the U.S. Navy‘s submarines and surface ships under a $12.9 million contract modification, ExecutiveBiz reported Monday. The Defense Department said Thursday the company will deliver the AN/USC-61(C) digital modular radios ...
Michael Link, a former senior vice president from global marketing research firm Nielsen, has joined Bethesda, Maryland-based services contractor Abt Associates as president and CEO of its public policy research subsidiary Abt SRBI, the parent company said Monday. Silver Spring-headquartered Abt SRBI conducts opinion surveys and other...
The GovCon Index started the first full week of April and second-quarter trade Monday with a decline of 0.191 points to 74.189 in a session that saw U.S. stocks hold slightly negative throughout the day. The S&P 500 composite index closed down 6.65 points — or 0.32 percent — as investors slowed down the flurry of ...
TYSONS CORNER, VA, April 4, 2016 ” A Huntington Ingalls Industries (NYSE: HII) executive has urged the U.S. Navy to proceed with the LX(R) dock-landing ship development program in fiscal 2018 rather than fiscal 2020, ExecutiveBiz reported Friday. Reuters reported Tuesday HII CEO Mike Petters said starting the progr...
TYSONS CORNER, VA, April 4, 2016 ” Northrop Grumman (NYSE: NOC) and General Atomics will share a runway with the U.S. Air Force at the Grand Forks Air Force Base in North Dakota to test new unmanned aerial vehicles, ExecutiveBiz reported Friday. Sen. John Hoeven’s office (R-N.D.) reported Wednesday the Air Force inked ...
Arlington Capital Partners has transformed the former defense and security segment of iRobot (Nasdaq: IRBT) into a new company called Endeavor Robotics following the completion of the unit’s acquisition by the Washington-based investment company. iRobot first announced the $45 million deal early in February and sa...
Turner Construction has landed a potential three-year, $114 million contract from the U.S. Navy for the construction of the U.S. Naval Academy cyber security studies academic building. The company will design and build classrooms, teaching and research laboratories, lecture halls, offices, multipurpose spaces, a loading dock, an observator...
Raytheon‘s (NYSE: RTN) intelligence, information and services subsidiary has secured a potential $105 million radar operations and maintenance services contract from the U.S. Navy to support the Navy Forces Surveillance Support Center. Raytheon Intelligence, Information and Services will support the naval unit’s Relocatable Over-The...
The GovCon Index closed Friday with a gain of 0.348 points to 74.380 on positive movement in U.S. markets and posted a weekly gain of 1.273 percent. The U.S. markets’ performance is based on jobs data that indicates nonfarm businesses added 215, 000 workers in March to surpass analyst expectations, according to Reuters...
