TYSONS CORNER, VA, January 28, 2016 ” Steve Harris, vice president and general manager of the federal systems business at Dell, believes the efforts of federal agencies to update their information systems will gain momentum with the implementation of the Federal Information Technology Acquisition Reform Act, ExecutiveGov reported Wednesday. Fed...
TYSONS CORNER, VA, January 28, 2016 ” ASRC Federal and Boeing (NYSE: BA) will perform research on new rocket engine technologies under separate contracts awarded by the U.S. Air Force, ExecutiveBiz reported Wednesday. Space News reported Tuesday the service branch gave a $6.1 million contract to Boeing and a $3.6 million contract to ASRC ...
TYSONS CORNER, VA, January 28, 2016 ” AECOM (NYSE: ACM) will design and build the test track for Hyperloop prototypes developed as part of a SpaceX-hosted student competition on the development of the concept transport system, ExecutiveBiz reported Wednesday. AECOM said Tuesday it will begin work to construct the Hyperloop test track ...
Northrop Grumman (NYSE: NOC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a 3.86-percent decline in profit for its 2015 fiscal year compared to 2014 on lower sales in space and restricted programs and a modest increase in pension costs. Net earnings for 2015 came in at $1.99 billion...
Raytheon (NYSE: RTN) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $7.12 per share for its full 2015 fiscal year and $1.93 for the fourth quarter to exceed Wall Street’s expectations on both counts. The Waltham, Mass.-based defense technology contractor also posted $23.25 billion i...
L-3 Communications (NYSE: LLL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss for the second consecutive quarter on a writedown in its government services segment the company is in the process of divesting. The New York City-based defense electronics manufacturer agreed in December to sell...
The U.S. Navy has awarded positions on a potential four-year, $809 million contract to eight companies to provide process management and data support services for the Naval Supply Systems Command Business Systems Center. The service branch awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive pr...
Rolls-Royce has received $154 million in contracts from the U.S. Air Force to produce spare engines and sustain the propulsion system of the Lockheed Martin-built (NYSE: LMT) C-130J aircraft. Rolls-Royce will complete the production of AE 2100 engines for the Air Force and Saudi Arabia under a $77.9 million foreign military sales agreement...
General Dynamics™ (NYSE: GD) land systems business unit has won a $170.7 million contract to produce a simulator for the Raytheon-built (NYSE: RTN) weapon system onboard Stryker vehicles. The U.S. Army awarded the cost-plus-fixed-fee contract following an Internet-based solicitation and will determine the funding with each order, the Defen...
Six companies have won spots on a potential seven-year, $538 million contract to engineer and integrate battle management and command-and-control systems for the U.S. Air Force. The Air Force received 10 offers for its Platform for Engineering and Integration of Tactical and Strategic Systems contract through a competitive process and has ...
