Tag Archives: Defense Department

Air Force Awards 4 Spots on $90M Design, Construction Support IDIQ

Four companies have won positions on a potential five-year, $90 million contract to provide performance-based design and construction support services to the U.S. Air Force. Gideon Contracting, SP-JV, Weldin Construction and Pro-Mark Services will compete to perform the services at Offutt Air Force Base in Nebraska through July 21, 2021, the …

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July 22 Market Close: GovCon Index Shakes Off Weak Open, Honeywell Plummets on Sales Outlook Cut

Executive Mosaic’s GovCon Index reversed an initial weak open to register a gain Friday that was not enough to push the GCI to positive for the week as second quarter earnings reports started for government contracting companies. The GovCon Index added 0.289 points to 81.788 Friday but ended at a nominal five-day decline of 0.031 points with …

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Boeing to Supply F-15C/E Simulation Tech for USAF Pilots, Weapon System Operators

TYSONS CORNER, VA, July 22, 2016 — Boeing (NYSE: BA) has received a $27.1 million contract from the U.S. Air Force to provide simulation equipment and support services for the service branch’s mission training center, ExecutiveBiz reported Thursday. The Defense Department said Wednesday the contract covers simulators for training pilots and weapon …

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Dell, FBI Vet John McClurg Joins Cylance in Security & Trust VP Post; Stuart McClure Comments

John McClurg, former vice president and chief security officer at Dell’s global security unit and an FBI veteran, has joined cyber services provider Cylance as a VP in the office of security and trust. Cylance said Friday McClurg will collaborate with newly-appointed Chief Security and Trust Officer Malcolm Harkins to develop security …

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DHA Taps Humana, Health Net for Tricare Managed Care Support Contracts

Humana (NYSE: HUM) and Health Net (NYSE: HNT) have won separate contracts from the Defense Health Agency to deliver managed care support services to the Military Health System under the Tricare program. Each of the cost-plus-fixed-fee contracts awarded to Humana’s government business and Health Net’s federal services business contains a base …

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July 21 Market Close: GovCon Index Falls on Defense Prime Losses, Oil Decline Holds Down US Stocks

Executive Mosaic’s GovCon Index tumbled Thursday on large declines among defense prime companies as U.S. stocks traded lower on falling oil prices and mixed earnings reports among blue chips. The GovCon Index declined 0.694 points to 81.499  as none of the GCI’s 11 S&P 500-listed stocks closed at a gain with eight in the U.S. stock …

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Orbital ATK Wins $182M Ballistic Missile Target System Configuration Contract

Orbital ATK (NYSE: OA) has won a $182.1 million contract from the Missile Defense Agency to manufacture the third type of configuration for the agency’s medium-range ballistic missile target system. The contract also covers production and support equipment, logistics, system engineering and analysis and mission operations, the Defense Department said Wednesday. …

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July 20 Market Close: GovCon Index Up on Mid-Tier & Services Stock Gains, Lockheed Down

Executive Mosaic’s GovCon Index closed at an all-time high for the sixth time in eight sessions Wednesday on a mix of strong performances from middle-tier platform and product makers plus predominantly services-oriented contractors. The GovCon Index gained 0.328 points to 82.193 with nine of the GCI’s 11 S&P 500-listed companies in positive at the close and …

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Bell Boeing to Build 4 Osprey Tiltrotors for Japan Under $545M Navy Contract Modification

A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received a four-year, $544.6 million contract modification from the U.S. Navy to manufacture and deliver four MV-22 Osprey multirole tiltrotor aircraft to Japan under the foreign military sales program. The Bell-Boeing Joint Program Office will also obtain long-lead materials needed …

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Lockheed Receives $242M Navy Contract Modification for F-35 Electronic Components

Lockheed Martin (NYSE: LMT) has been awarded a $241.8 million contract modification by the U.S. Navy to procure diminishing manufacturing sources electronic parts for F-35 production facilities in the U.S. and abroad. The Defense Department said Tuesday work under the modification will support F-35 production through the fighter aircraft’s 15th lot. Lockheed will perform …

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