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Tag Archives: Defense Department

General Dynamics Subsidiary Gets $176M Navy Funds for USS Montpelier Repair Work

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has been awarded a pair of contract modifications with a combined value of $176 million to maintain and repair the U.S. Navy‘s fast attack submarine USS Montpelier. Electric Boat will also perform alterations, testing and routine work on USS Montpelier  during the submarine’s scheduled interim dry docking, …

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DoD Certifies GPS III Ground Control System Program to Congress

TYSONS CORNER, VA, Oct. 18, 2016 — The Defense Department has cleared the U.S. Air Force and prime contractor Raytheon (NYSE: RTN) to proceed with the GPS III Operational Control System program following certification by Pentagon acquisition chief Frank Kendall, ExecutiveBiz reported Monday. DoD News reported Friday Kendall certified the program …

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SAP NS2’s Mark Testoni: Police, Intell Use of Predictive Analytics Faces Challenges

TYSONS CORNER, VA, Oct. 18, 2016 — Mark Testoni, president and CEO of SAP National Security Services (NYSE: SAP), believes that law enforcement and intelligence agencies face a challenge in utilizing big data analytics to predict crime and terrorist attacks due to various controls, ExecutiveBiz reported Thursday. He said in a Bloomberg …

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Lockheed Awarded $743M Modification in F-35 Batch 9 Deal

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $743.2 million modification under a previously awarded advance acquisition contract for the ninth batch of F-35 fighters. The Defense Department said Monday the modification allocates additional funds to address diminishing manufacturing and material shortages for redesign and development, estimated post-production concurrency changes …

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Navy Exercises $204M Option on ERAPSCO Sonobuoy Procurement Contract

ERAPSCO, a joint venture of Sparton Corp. (NYSE: SPA) and Ultra Electronics, has received a $203.7 million contract modification to produce additional sonobuoys for the U.S. Navy. The modification exercises an option on a previously awarded indefinite-delivery/indefinite-quantity contract and covers the procurement of up to 6, 000 AN/SSQ-36, 95, 000 AN/SSQ-53, 15, 500 …

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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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