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Tag Archives: Boeing

Boeing CEO Dennis Mullenburg: Company to Build Presidential Airplanes within a $4B Budget

TYSONS CORNER, VA, Dec. 23, 2016 — Dennis Mullenburg, Boeing (NYSE: BA) chairman, president and CEO, has stated that the company will work with the incoming administration in an effort to build two presidential airplanes within a $4 billion budget, ExecutiveBiz reported Thursday. The Hill newspaper reported Wednesday Mullenburg discussed …

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Trump Asks Boeing for Super Hornet Competing Price Following Comments on F-35 Cost

President-elect Donald Trump has asked Boeing (NYSE: BA) to quote a competing price for its F-18 Super Hornet fighter aircraft citing cost overruns in the Lockheed Martin-built (NYSE: LMT) F-35 jet, Bloomberg reported Thursday. Anthony Capaccio and Alex Wayne write Trump made the announcement in a Twitter post Thursday a day after he …

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Roundup of 2016: The Year in Deals, Industry Landscape Changes & more

Our Roundup of 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Calendar year 2016 in the government contracting sector seemed to constantly give us a changing landscape to evaluate and try to forecast the short- and long-term effects of each significant development. …

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State Dept OKs $1.75B Sale of P-8A Patrol Aircraft, Support to Norway

The State Department has approved Norway’s request to buy Boeing-built (NYSE: BA) P-8A patrol aircraft and associated support under a $1.75 billion foreign military sales agreement  with the U.S. government. Norway asked to purchase up to five P-8A aircraft with commercial engines, tactical open mission software, electro-optical and infrared MX-20HD, AN/AAQ-2(V)1 acoustic …

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December 21 Market Close: GovCon Index Pulls Back As The Dollar and Oil Slip

Executive Mosaic’s GovCon Index declined Wednesday in spite of the strong performance by Navistar International (NYSE: NAV). Navistar closed up 5.79 percent to $31.80 on trading volume of over 1.2 million shares. Navistar International (NYSE: NAV) ended first for GCI performers after company executives told investors in the fourth quarter earnings call the …

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December 19 Market Close: GovCon Index Higher on Lockheed & Prime Gains, US Stocks Up With Caution on Global Turmoil

Executive Mosaic’s GovCon Index traded higher on contributions from large defense prime contractors as U.S stocks pared back some gains from earlier in the session after the terror attack in a Berlin Christmas market and the assassination of Russia’s ambassador to Turkey. GovCon Index gainers outnumbered decliners by a 3-to-1 ratio and …

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Weekly Roundup December 12 – December 16, 2016: Impending Moves for Boeing Defense, Mark Sopp & more

December 12 – December 16, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week reminded us that change is always a constant in the government contracting arena as we learned of an impending relocation by a large defense contractor and the …

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Honeywell Subsidiary Lands Potential $2.6B Sandia Labs Mgmt Contract

The National Nuclear Security Administration has selected a subsidiary of Honeywell International (NYSE: HON) for the potential 10-year, $2.6 billion contract to help operate and manage Sandia National Laboratories sites located across four states. NNSA said Friday National Technology and Engineering Solutions of Sandia will lead a team comprising Northrop Grumman (NYSE: NOC) …

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Boeing, Partners to Support Development of Multipurpose Robotic Platform for Air Force

TYSONS CORNER, VA, Dec. 16, 2016 — A team comprised of Boeing (NYSE: BA), Southwest Research Institute and the National Center for Defense Manufacturing and Machining has received a four-year, $6.7 million contract from the U.S. Air Force to assist in the development of a robotic technology, ExecutiveBiz reported Thursday. SwRI said Wednesday the Air …

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Bell Boeing Secures $412M in Navy Contract Modifications to Repair Osprey Aircraft Parts

A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received two contract modifications worth potentially $411.9 million combined to repair various parts of the U.S. Navy‘s V-22 Osprey tiltrotor aircraft. The Bell Boeing Joint Program Office secured a $246.2 million delivery order modification that contains a one-year base and a one-year option period which, if exercised, …

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