TYSONS CORNER, VA, March 29, 2016 ” Lockheed Martin (NYSE: LMT) has hired Kay Sears, formerly president of Intelsat General, as its space systems organization’s new vice president for strategy and business development, GovCon Executive reported Wednesday. Lockheed said March 22 Sears will be in charge of the business unit’...
Eric Strafel, a former vice president in the military aircraft business at Boeing (NYSE:BA), will transition into a new role as president and CEO of the airplane maker’s supply chain management services subsidiary Aviall., the companies said Friday. Dallas-based Aviall provides new aviation parts and other aftermarket services t...
Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) have secured contracts worth $130.3 million combined to help reduce radar risks for the U.S. Air Force‘s Joint Surveillance Target Attack Radar System Recapitalization program. The service branch awarded $70.3 million to Northrop’s systems business and $60 mil...
Mar. 21 – Mar. 24 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A White House-mandated cybersecurity organization created to combine knowledge and experience from the public and private sectors added a new leader this week whose background includes stops on both side...
TYSONS CORNER, VA, March 24, 2016 ” Intelligent Software Solutions will continue to provide sustainment support to several U.S. military agencies located domestically and in Asia under a $2.6 million contract from the U.S. Air Force, ExecutiveBiz reported Wednesday. The company said March 14 the contract covers research...
TYSONS CORNER, VA, March 23, 2016 ” Seagate Technology (Nasdaq: STX) has inked a cooperative research and development agreement with Los Alamos National Laboratory to explore the potential of an energy-efficient storage tier for supercomputers, ExecutiveBiz reported Tuesday. The company said Monday the research effort seeks to develop an a...
Steven Omick, former president of Vencore‘s internal research-and-development organization, will serve as president and CEO of New York-based nonprofit scientific research services company Riverside Research starting March 28. He is a defense and intelligence technology research veteran with 28 years of experience a...
Finmeccanica has received a potential $335 million contract from Italy’s ministry of defense for the addition of nine Aermacchi M-346 aircraft to be operated by that country’s air force. With the contract, Italy increased its order of M-346 aircraft to 18 with deliveries scheduled to start within this y...
The GovCon Index held in narrow range for the entirety of Tuesday trade and closed at a nominal loss of 0.084 points to 75.331, which ends the Index’s four-day stretch of gains. U.S. markets also struggled for direction after the early morning terrorist attacks at the main airport and a subway station in Brussels that killed at...
New York City-based private equity firm Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) has agreed to acquire the defense electronics business of global aerospace and defense contractor Airbus Group for approximately $1.24 billion. Airbus said Friday the transaction is scheduled to close in the first quarter of 2017 and t...
