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 ...
The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow Jones Industrial Average stock —...
TYSONS CORNER, VA, January 27, 2016 ” Igate will now operate as Capgemini as part of its integration into the latter’s global production network and financial services business, ExecutiveBiz reported Tuesday. “It is an acknowledgement that the brand transition phase is complete and that we are now going to market officially as ...
TYSONS CORNER, VA, January 27, 2016 ” The shipbuilding division of Huntington Ingalls Industries (NYSE: HII) has awarded $100, 000 in grants to schools in Alabama and Mississippi to fund 25 projects in science, technology, math and engineering, GovCon Executive reported Tuesday. The company said Monday its STEM program is in its eight...
TYSONS CORNER, VA, January 27, 2016 ” Ed Sheehan Jr., president and CEO of Concurrent Technologies Corp., has received recognition from the Pennsylvania Business Central for his contributions to the state’s business sector, GovCon Executive reported Tuesday. The publication said Friday Sheehan joins a list of other honorees chos...
TYSONS CORNER, VA, January 27, 2016 ” Northrop Grumman (NYSE: NOC) will supply five Global Hawk ground surveillance drones and associated components to NATO by the end of the year, ExecutiveBiz reported Tuesday. Defense News reported Monday that the company will deliver the aircraft to the Sigonella Air Base in Italy, where NATO has begun ...
