Boeing (NYSE: BA) has secured a potential $897 million contract modification to build and deliver to the U.S. Army a total of 39 CH-47F Chinook helicopters under production lot 14. The multiyear contract covers 12 new-build Chinooks and 27 renew helicopters, the Defense Department said Tuesday. The Boeing-built CH-47F Chinook is a vertical-lift heli...
Colorado Springs, Colorado-based engineering consultant firm Aleut O&M Services has landed a $395 million contract to provide launch operations and infrastructure support to the U.S. Air Force. The indefinite-delivery/indefinite-quantity contract calls for Aleut O&M to provide facility and system operations, maintenance and enginee...
Lockheed Martin (NYSE: LMT) has received a $106 million contract modification to manufacture additional C-130J aircraft for the U.S. Air Force for fiscal year 2017. The company will build two C-130J-30, three HC-130J, five MC-130J and one KC-130J under the multiyear production contract, the Defense Department said Tuesday. Lockheed will pr...
Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has issued earnings and revenue guidance for 2016 with the midpoint outlooks respectively below and level the consensus Wall Street forecast on continued declines in sales for programs based in Afghanistan. The Colorado Springs-based informat...
User behavior analytics provider Gurucul has appointed Beau Hutto as vice president for federal sales to help drive the company’s government market reach. Hutto joined Gurucul from Blue Coat Systems where he held a similar role and assisted in the security company’s year-on-year revenue and workforce growth, Gurucul said Tuesda...
The GovCon Index traded in negative territory throughout the session Tuesday and closed at a decline of 0.355 points to 73.388 as U.S. stocks also held marginally downward ahead of the scheduled Wednesday afternoon statement from Federal Reserve policymakers when their two-day meeting concludes. Index stock Vectrus (NYSE: VEC), a...
J.D. Kuhn, former senior vice president and controller at Salient CRGT, has been promoted to chief financial officer at the Fairfax, Va.-based software development and data analytics contractor. The company said Tuesday that Kuhn succeeds Ted Dunn, who will retire from the company after six years both there and the predecessor Sa...
TYSONS CORNER, VA, March 14, 2016 ” The Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) joint venture United Launch Alliance has assigned $134 million toward the development of the Vulcan rocket in an effort to be independent from the Russian RD-180 engine, ExecutiveBiz reported Friday. Space News reported Thursday&nb...
The GovCon Index failed to turnaround declines incurred during morning trade Monday and ended at a loss of 0.237 points to 73.743 as U.S. stocks hovered in and out of positive territory throughout the afternoon session. Investors have turned their attention to the Federal Reserve‘s two-day meeting Wednesday and Thursday wit...
TYSONS CORNER, VA, March 14, 2016 ” BAE Systems will provide communications and electronics systems maintenance to the Naval Air Warfare Center™s aircraft division under a two year, $34 million contract, ExecutiveBiz reported Friday. The company said Thursday the contract includes management of logistics, support planning and integration, ...
