Oshkosh Defense has landed a $243.8 million U.S. Army contract modification to deliver a set of light tactical vehicles and trailers as well as provide system engineering, program management and test support. The Defense Department said Tuesday the contract requires 657 Joint Light Tactical Vehicles, 25 trailers, 2, 977 kits, 175 test...
Finmeccanica has received a potential $335 million contract from Italy’s ministry of defense for the addition of nine Aermacchi M-346 aircraft to be operated by that country’s air force. With the contract, Italy increased its order of M-346 aircraft to 18 with deliveries scheduled to start within this y...
The GovCon Index held in narrow range for the entirety of Tuesday trade and closed at a nominal loss of 0.084 points to 75.331, which ends the Index’s four-day stretch of gains. U.S. markets also struggled for direction after the early morning terrorist attacks at the main airport and a subway station in Brussels that killed at...
Joseph Battaglia, president of military communications and sensor systems maker Telephonics, plans to retire on Sept. 30 after 21 years of leadership at the surveillance and communication systems provider. Telephonics’ parent company Griffon (NYSE: GFF) said Tuesday that Kevin McSweeney, executive vice president a...
The GovCon Index posted its fourth consecutive gain Monday by a narrow 0.074 points to 75.415 in a reversal from a sharp fall in mid-morning trade as oil prices rose and both technology and biotech stocks helped the major U.S. indices hold in positive at the close. Utility and material shares lagged on the S&P 500 composite...
TYSONS CORNER, VA, March 21, 2016 ” The integrated Polycom (Nasdaq: PLCM) and Genband Local Session Controller technology has completed a certification test by the Joint Interoperability Test Command, ExecutiveBiz reported March 8. Genband said March 7 the two companies await the JITC final certification before their jo...
TYSONS CORNER, VA, March 21, 2016 ” Iridium Communications (Nasdaq: IRDM) CEO Matt Desch has urged the Federal Aviation Administration to make its decision on the transition to a new aircraft surveillance system by the end of 2016, ExecutiveBiz reported March 9. Reuters reported March 8 Desch said at the Satellite 2016 confe...
TYSONS CORNER, VA, March 21, 2016 ” Microsoft (Nasdaq: MSFT) has entered into a public-private partnership with Dominion Virginia Power and the government of Virginia to build a facility that will work to provide solar energy to the state, ExecutiveBiz reported Friday. Dominion Virginia Power said Wednesday the facility is expected to ...
TYSONS CORNER, VA, March 21, 2016 ” Johns Hopkins University Applied Physics Laboratory has built an unmanned aerial vehicle that can also operate underwater or launch from the sea, ExecutiveBiz reported Friday. The lab said Thursday it built a prototype of the Corrosion Resistant Aerial Covert Unmanned Nautical System ...
Boeing (NYSE: BA) has appointed four executives to its newly formed regional leadership team that will be responsible for the aerospace and defense contractor’s operations in Europe. Marc Allen, president of Boeing’s international segment, said Thursday the initiative will enable appointees to make decisions on a...
