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Executive Mosaic’s GovCon Index and Wall Street ended the week strong due to a broad market rally. The index, which tracks the stock performances of 30 major government contractors, edged 0.21% higher Friday to $4,871.91, suitable for a 1.94% week-on-week gain. The Nasdaq Composite advanced 2.02% for a weekly gain of 4.2%. Alphabet (Nasdaq: G...
Brent Mitchell, a technology industry executive, has taken on the position of vice president of go-to-market at Google’s public sector arm. He announced his appointment in a LinkedIn post published Friday. Mitchell most recently served as VP of U.S. state and local government and education at Google Public Sector. In 2019, he joined Google from...
The U.S. Army Product Director Aerostats is requesting information on potential industry sources capable of providing production, fielding, sustainment and life cycle support to aerostat systems designed to support intelligence, surveillance and reconnaissance missions. The multiple-award indefinite-delivery/indefinite-quantity contract has an estim...
Fusion Technology has secured a five-year, $159.8 million contract to help the FBI’s Criminal Justice Information Services Division adopt Scaled Agile Framework practices and methodologies to support the development of its mission-critical systems. The company said Thursday it will provide a team of Agile practitioners who will define, build a...
Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the...
Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist an...
Northrop Grumman (NYSE: NOC) gained $10.1 billion in sales during the first quarter of 2024, up 9 percent from the $9.3 billion it posted in the same period last year, and reported net earnings of $944 million, or $6.32 per diluted share. The company, in a Thursday announcement, attributed the sales growth to higher sales...
Griffon Aerospace and a Textron (NYSE: TXT) business will further develop their unmanned vertical takeoff and landing system offerings after the U.S. Army exercised the third and fourth options in its other transaction agreements with the two vendors, DVIDS reported Thursday. Textron Systems and Griffon Aerospace will perform flight demonstrations a...
IBM (NYSE: IBM) has agreed to acquire HashiCorp (Nasdaq: HCP) for approximately $6.4 billion, or $35 per share in cash, to expand its infrastructure and security lifecycle management capabilities designed to help organizations automate their multicloud and hybrid cloud environments amid the rapid deployment of artificial intelligence technologies. I...
Eight companies have won spots on a five-year, $701 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to repair, maintain and modernize non-nuclear surface ships homeported in Mayport, Florida. The contractors will conduct continuous maintenance emergent maintenance of the ship and provide short-term support to the Chief of...
