Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major...
Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, s...
Lockheed Martin (NYSE: LMT) has received a potential 10-year, $4.1 billion follow-on contract from the Missile Defense Agency to further develop and integrate updates and capabilities into the Command and Control, Battle Management and Communications system. Under the C2BMC-Next program, Lockheed said Thursday it will improve sensor connection and a...
BAE Systems has expanded its modeling and simulation solutions business with the addition of Topaz Intelligence, a custom intelligence services provider acquired through its Ball Aerospace acquisition in February. Under the integration, BAE Systems said Thursday it will work with Topaz Intelligence to market intelligence-as-a-service offerings to...
Peter Carlson, formerly vice president of financial planning and analysis at DMI, has been appointed chief financial officer at the McLean, Virginia-based provider of end-to-end digital transformation services. Carlson has over two decades of experience in strategic planning, professional services, mergers and acquisitions, business integration and ...
The U.S. Navy has awarded $450 million in multiple award contract to nine Virginia-based construction services providers for for general construction work in the Hampton Roads area of operations. The contractors will support design-build and design-bid-build projects, including new construction, demolition, repair, alteration and renovation of build...
Mission Space Acquisition, a blank check company based in Cape Canaveral, Florida, intends to raise $100 million through an initial public offering, MarketWatch reported Thursday. The special purpose acquisition company disclosed its IPO plans in a Securities and Exchange Commission filing Wednesday. The newly incorporated SPAC in the Cayman Islands...
The U.S. Air Force has awarded General Atomics’ aeronautical systems business a potential $173.5 million contract to perform capability upgrades to four MQ-9A Reaper unmanned aerial vehicles and two ground control stations. The sole-source contract involves foreign military sales to the Netherlands and includes the delivery of spares, support equi...
George Wilson and Tom Weston, former executives of ECS Federal, have partnered with private equity firm Bluestone Investment Partners to invest and build a company dedicated to providing mission-critical technologies for federal government customers. Wilson and Weston intend to grow a company that offers technology products and capabilities to custo...
David Kubicki, senior manager of solution architects for the public sector at Palo Alto Networks (Nasdaq: PANW), said an ideal cloud security platform enables government agencies to address security requirements “while enabling them to expand for additional use cases as their cloud maturity increases.” “Adopting a platform designed with flexib...
