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Tag Archives: Defense Department

Lockheed Martin to Supply Radars for Jordan Under Air Force FMS Deal

TYSONS CORNER, VA, Oct. 17, 2016 — Lockheed Martin (NYSE: LMT) will provide a gap-filler radar system to Jordan under a potential $41.6 million foreign military sales deal through the U.S. Air Force, ExecutiveBiz reported Friday. The Defense Department said Thursday the contract also covers the supply of two new long-range radars and update to three additional …

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Debra Scheider Joins Engility as Contracts SVP

Debra Scheider, former president at GovCon sector consulting firm Guidestar Acquisition, has joined Engility (NYSE: EGL) to lead the government services provider’s contracts organization as a senior vice president. Engility said Monday the 35-year industry veteran will report directly to CEO Lynn Dugle in her new role as contracts SVP and also brings …

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October 14 Market Close: GovCon Index Flat on Even Gainer-Lagger Split, Posts 3rd Straight Weekly Loss

Executive Mosaic’s GovCon Index held flat Friday despite gains in the larger U.S. stock market on positive bank earnings reports and Federal Reserve Chair Janet Yellen’s comment that the country may be able to handle a “high pressure” economy with a tight labor market. Friday’s gain was not enough to lift the GovCon Index into positive over …

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October 13 Market Close: GovCon Index Cuts Losses in PM Trade, Cubic Weighs After 4Q Earnings Caution

Executive Mosaic’s GovCon Index pared much of its losses during afternoon trade Thursday but failed to close in green as Cubic Corp. (NYSE: CUB) tumbled after the company warned full-year earnings and revenue would fall below prior guidance on funding delays from the Defense Department. GovCon Index gainers slightly edged laggers after …

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Engility Vet Damian DiPippa Joins ManTech as Mission, Intell Solutions SVP

Damian DiPippa, a former vice president at Engility Corp. (NYSE: EGL), has joined ManTech International (Nasdaq: MANT) as senior VP and general manager of mission and intelligence solutions and will oversee efforts to augment the company’s managed service models. ManTech said Wednesday DiPippa will also supervise the contractor’s offerings in enterprise information technology, cloud, …

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Boston Consulting Hires Brad Carson as Senior Adviser, Trent Reasons as Associate Director

The Boston Consulting Group has appointed Brad Carson,  former acting undersecretary for personnel and readiness at the Defense Department, as senior adviser and named Trent Reasons, former director of analysis at the Treasury Department, as associate director. BCG said Tuesday Carson will support the management consulting firm’s worldwide public sector practice as well as aerospace and defense programs. …

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Ultra Electronics 3eTI to Supply Critical Infrastructure Control Tools Under $82M Navy Contract

The U.S. Navy has awarded Ultra Electronics 3eTI a potential four-year, $82 million contract to continue to provide platforms designed to monitor and control the service branch’s critical infrastructure. The cost-plus-fixed-fee contract has a one-year base term valued at approximately $48.5 million and covers endpoint security, industrial control systems and …

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BAE’s US Arm to Build More Laser-Guided Rockets for US, Intl Defense Clients Under $618M IDIQ Contract

The U.S. Navy has awarded BAE Systems Inc., the British contractor’s U.S. subsidiary, a potential $618.3 million contract for the full-rate production of precision laser-guided rocket systems. The indefinite-delivery/indefinite-quantity contract covers the supply of FRP lots 5 to 7 Advanced Precision Kill Weapon System II rounds to the Navy, Marine …

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General Dynamics Secures $509M Contract for Army Stryker Vehicle Configuration Update

General Dynamics (NYSE: GD) has received a potential $508.7 million firm-fixed-price contract to re-engineer the U.S. Army‘s fleet of Stryker ground combat vehicles. The Defense Department said Friday that the company will update an estimated 215 Stryker flat-bottom armored vehicles to a double-V hull engineering change proposal one configuration. DoD added the reconfiguration effort seeks to increase the mobility of the …

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Weekly Roundup October 3 – October 7, 2016: L-3 Makes Buys, M&A Chatter Around Harris & more

October 3 – October 7, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The stalwart GovCon technology maker L-3 Communications extended its profile as an active player in the merger-and-acquisition scene this week and closed its first buys since a large business divestiture …

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