The team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will not pursue a legal challenge in federal claims court of the U.S. Air Force™s award of the Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC), Bloomberg reported Friday. Julie Johnsson writes the decision comes a week after the Government Accoun...
Feb. 16 – Feb. 19 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Over the past two weeks here, we have taken different looks at Executive Mosaic’s 2016 Wash100 list of the government contracting arena’s most influential voices and pulled out some simi...
The GovCon Index barely held positive territory in a narrow final hour of trade Thursday to record a nominal gain of 0.041 points to 71.389 Thursday and remain in a correction for the seventh consecutive day, or 10 percent down from its most recent high on Dec. 1. ManTech International (Nasdaq: MANT) rose 1.48 percent after...
Lockheed Martin (NYSE: LMT) has withdrawn a lawsuit it filed in federal court to challenge the U.S. Army‘s selection of Oshkosh Corp. (NYSE: OSK) for the $6.75 billion Joint Light Tactical Vehicle contract, Reuters reported Wednesday. Andrea Shalal writes that John Kent, a Lockheed spokesman, told R...
Oshkosh Corp. (NYSE: OSK) said Friday it will continue work on the potential $6.75 billion contract awarded in August 2015 to build the Humvee ground vehicle replacement for the U.S. Army and Marine Corps after a federal claims court denied Lockheed Martin‘s (NYSE: LMT) request for a preliminary injunction. Lockheed shifted its challenge of Os...
John Urias will retire on Feb. 6 as executive vice president of Oshkosh Corp. (NYSE: OSK) and president of the firm™s defense segment. President and CEO Wilson Jones will head the defense segment until the company finds a replacement for Urias, who cited family health matters as reason for his retirement, Oshkosh said Wednesday. œ...
