December 5 – December 9, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson GovCon industry leaders and observers welcomed Vectrus to the government services landscape in the autumn of 2014 and this week marks the beginning of a new era for the Colorado Springs-based company. As...
GovCon Index-listed Science Applications International Corp. (NYSE: SAIC) reported third quarter earnings above the consensus Wall Street analyst forecast Thursday as the government contractor also set a record book-to-bill ratio since its September 2013 spinoff from former parent Leidos Holdings (NYSE: LDOS). SAIC reported $0.91 earnings per share ...
Duncan McNabb, a retired U.S. Air Force general and former commander of the U.S. Transportation Command, has joined the board of directors of Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary. He will join six other outside directors led by Robert Magnus, chairman of the board at Elbit Systems of America and a retire...
United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a $167.5 million contract to fund long-lead engine materials needed for the low-rate initial production of lot 11 F-35s. Pratt & Whitney will supply 48 F135-PW-100 fighter engines for the U.S. Air Force, four F135-PW-100s for the U.S. Na...
The Defense Department has finalized a “unilateral contract” worth more than $6.1 billion to fund Lockheed Martin‘s (NYSE: LMT) low-rate initial production of 57 lot 9 F-35 fighter jets, Reuters reported Wednesday. Mike Stone writes the deal covers 42 F-35As for the U.S. Air Force, Japan, Israel a...
Constellation (NYSE: CEG) has been awarded a 23-year, $170 million contract by the Naval Facilities Engineering Command to install energy conservation and distributed generation systems intended to help the U.S. Marine Corps meet energy-efficiency goals. The Exelon Corp. subsidiary will build an 8.5-megawatt biomass-fueled genera...
Darin Powers, former chief operating officer of Toffler Associates, has joined NT Concepts as senior vice president for national security solutions at the Vienna, Virginia-based intelligence and investigative services provider. NT Concepts said Tuesday the 25-year government contracting and military service veteran will lead operations and...
Erich Sanchack, formerly vice president of competitive enhancements at Lockheed Martin (NYSE: LMT), has been named senior VP of federal sales at CenturyLink (NYSE: CTL) in a move that takes effect Nov. 1. CenturyLink said Tuesday he will succeed Tim Meehan, who will transition to a new role as VP of ...
TYSONS CORNER, VA, Oct. 13, 2016 ” Johns Hopkins University Applied Physics Laboratory has added military veterans John Allen and Samuel Locklear as well as Schafer CEO Michael Griffin as senior fellows, GovCon Executive reported Wednesday. The lab said Tuesday the senior fellows program aims to util...
TYSONS CORNER, VA, Sept. 30, 2016 ” The Amphibious Combat Vehicle prototypes submitted by BAE Systems and Science Applications International Corp. (NYSE: SAIC) are scheduled to undergo tests by the U.S. Marine Corps in 2017, ExecutiveBiz reported Thursday. Marine Corps Times reported Tuesday the service branch will choose one con...
