The GovCon Index entered the final week of trade for the first quarter with a modest gain of 0.175 points to 72.953 in choppy trade for U.S. markets as stocks struggled to gain clear direction. Monday represented Montreal-based aerospace and defense contractor CAE‘s (NYSE: CAE) first day as a GovCon Index-listed stock to replace Heal...
TYSONS CORNER, VA, March 28, 2016 ” A survey by Intel‘s (Nasdaq: INTC) security division indicates that cybersecurity professionals see corporate policies and industry regulations among the potential barriers to cyber threat intelligence sharing, ExecutiveBiz reported Thursday. The company said Tuesday only 42 percent of the 500...
TYSONS CORNER, VA, March 28, 2016 ” Science Applications International Corp. (NYSE: SAIC) has tapped Sypris Electronics to build an electronic encryption device to secure the U.S. Air Force‘s land-based intercontinental ballistic missile silos, ExecutiveBiz reported Thursday. Sypris said Wednesday the subcontract inclu...
TYSONS CORNER, VA, March 28, 2016 ” Raytheon (NYSE: RTN) will refurbish an electronic warfare payload for the Boeing-built (NYSE: BA) Conventional Air-Launched Cruise Missile under a $4.8 million contract from the U.S. Air Force, ExecutiveBiz reported Thursday. Raytheon Missile Systems Ktech will update the Counter-Electroni...
TYSONS CORNER, VA, March 28, 2016 ” Globecomm Systems will provide Internet Protocol TV services, fiber bandwidth, satellite connectivity and associated equipment to a U.S. government agency under a potential five-year contract, ExecutiveBiz reported Wednesday. The company said Tuesday the contract covers fully licensed TV content, st...
TYSONS CORNER, VA, March 28, 2016 ” Concurrent Technologies Corp. has received recognition from Military Times for the company’s veteran hiring and veteran employee programs, GovCon Executive reported Tuesday. CTC said March 21 it has climbed three spots to rank No. 22 in Military Times’ “Best for Vets” employe...
A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has agreed to purchase the information technology services and consulting business of Dell for $3.05 billion as part of a push to expand further into new geographic markets such as the U.S. The companies did not disclose a timeline for the transaction’s cl...
Lockheed Martin (NYSE:LMT) has received a $180 million contract modification from the U.S. Navy to continue procurement of F-35 aircraft parts. The Defense Department said Thursday the modification builds on the advance acquisition contract awarded in December 2015 for long-lead-time materials, components and parts for the low-rate in...
John Hartley, an executive vice president and chief financial officer of Science Applications International Corp. (NYSE: SAIC), is set to depart the company by the end of June after a 15-year career there. He said in a statement published Thursday he is leaving the McLean, Virginia-based government services contractor to spend more ti...
Lockheed Martin (NYSE: LMT) has received a $1.5 billion contract modification to fund the procurement of C-130J aircraft for the U.S. Air Force. The Defense Department said Thursday the contract represents full funding for the procurement of long-lead items the Air Force ordered along with 28 fiscal 2016 C-130J. The covered aircraft are&nb...
