Cisco Systems (Nasdaq: CSCO) has appointed Jeetu Patel, who joined the technology company in 2020, as executive vice president and chief product officer to oversee networking, security and collaboration portfolios under one organization. In a blog post published Wednesday, Cisco Chairman and CEO Chuck Robbins wrote that Jonathan Davidson will transi...
Boeing has secured a U.S. Navy delivery order with a ceiling amount of $248.1 million to repair the landing gear on the F/A-18 E/F Super Hornet aircraft. The Department of Defense said Wednesday the award was made under a previous basic ordering agreement for the sole-source requirement. Boeing will perform work in Longueuil, Quebec, Canada;...
CACI International (NYSE: CACI) will provide U.S. Army Europe and Africa with intelligence analysis and operations support under a potential six-year, $239 million expertise task order. The company said Thursday the Theater Military Intelligence Support Services award is for comprehensive all-source and single-discipline intelligence expertise appli...
Mark Nackman has been named vice president and general counsel at General Dynamics‘ (NYSE: GD) NASSCO subsidiary, according to the executive’s LinkedIn post shared Thursday. Nackman will oversee General Dynamics NASSCO’s legal, export, environmental engineering and contracts functions. The executive has been with the aerospace and...
Leidos (NYSE: LDOS) has received a potential five-year, $326.5 million contract from the National Institutes of Health to provide agile software development and design support services for NIH’s eRA enterprisewide grants management system. The Reston, Virginia-based company said Thursday the contract also covers support for other platforms of ...
The State Department has cleared Italy’s $738 million foreign military sales request to buy the Block 5 variant of the MQ-9 Reaper remotely piloted aircraft, related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Thursday General Atomics will serve as the principal contractor in the proposed sale,...
The Navy has made strides in modernization, but to prevent surprises from competitors working to exceed its capabilities, the service branch must always “be looking for more innovation and driving it out to the plate,” according to Hon. Nickolas Guertin, assistant secretary of the Navy for research, development and acquisition. To continue ...
A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
Summit Technology Group has introduced artificial intelligence capabilities for its cloud-based federal loans and grants platforms, opened a new office in the Washington, D.C. metropolitan area and made key industry hires to support the company’s expansion in the federal sector. Investments in AI Tech for Federal Loans & Grants Platforms STG s...
Executive Mosaic’s GovCon Index finished 0.32% higher at $5,342.51 before the weekend and logged its first all-week performance following gains from Monday to Friday. While the 2.42% overall weekly gain was only the second-best on record, the index tracking the stock performances of 30 major government contractors extended its winning streak to ni...
