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Tag Archives: featured

US Army Picks Five Firms to Renovate Embassy Facilities

The U.S. Army has awarded a $95 million task order to five companies for the maintenance of U.S. embassies worldwide. Michael Baker Global Services, Fluor, KBR, Aecom and Weston Solutions will work to renovate embassy spaces through July 23, 2020, the Defense Department said Monday. The Army Corps of Engineers …

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Carnegie Mellon Awarded $732M to Help DoD Manage Software R&D Center

The U.S. Air Force has awarded Carnegie Mellon University a $732 million contract to run the federally funded Software Engineering Institute in Pittsburgh, Pennsylvania, through June 30, 2020. The military service will obligate $500, 000 in fiscal 2015 research, development, test and evaluation funds at the time of award, the …

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July 27 Market Close: GovCon Index, US Stocks Dip After China Market Losses

The GovCon Index fell into negative territory for the fifth consecutive trading session Monday with a loss of 0.681 points to close at 74.202. Data that showed industrial profits declined in China during June sent that country’s stock markets to losses for that country’s Monday session and U.S. stocks responded in turn …

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Financial Times: Finmeccanica Halts DRS Sale Plan

Finmeccanica no longer plans to sell its DRS Technologies subsidiary as the Italian defense and industrial conglomerate holds a positive outlook in the defense sector for the rest of this year, Financial Times reported Sunday. Peggy Hollinger writes Finmeccanica also is not searching for a U.S. partner to purchase a stake in DRS but …

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Navy Orders $78M in Insitu Blackjack UAS

Insitu has received a $78 million contract modification to produce a new batch of Blackjack unmanned aircraft systems for the U.S. Navy. The Boeing (NYSE: BA) company will also deliver air vehicles, ground control stations, launch and recovery equipment and spares under the contract, the Defense Department said Friday. Insitu will perform …

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TCS Buys Navigation Firm Loctronix; Sameer Vuyyuru, Jay Whitehurst Comment

Telecommunication Systems (Nasdaq: TSYS) has acquired inertial-navigation provider Loctronix for an undisclosed amount in an effort to help first responders locate distressed individuals and public safety personnel, Urgent Communications reported Friday. Sameer Vuyyuru, group vice president and general manager for the TCS location business unit, said the company intends for the acquisition …

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Lockheed to Provide Interceptor Missiles to Army, US Allies for $1B

Lockheed Martin (NYSE: LMT) will provide Patriot Advanced Capability-3 and PAC-3 Missile Segment Enhancement interceptor missiles to the U.S. Army and five international customers under a $1.5 billion contract in support of missile defense upgrades. The company said Friday the contract covers the production and delivery of interceptors for the Army and foreign military …

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Northrop Appoints Bruce Walker VP for Homeland Security, Civil, Regulatory & Intl Affairs

Bruce Walker, an information technology executive who has worked on Northrop Grumman‘s (NYSE: NOC) homeland security programs, will assume the role of vice president for homeland security, civil, regulatory and international affairs. The company said Friday Walker will report to Sid Ashworth, corporate vice president for government relations. “Bruce will be responsible …

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Navy Awards Raytheon $180M for Joint Standoff Missile Production

Raytheon (NYSE: RTN) has been awarded a $180.4 million contract to build Unitary Joint Standoff Weapon missiles and related equipment and support services for the U.S. Navy and the Saudi Arabian military. The contract covers full-rate production of 200 AGM-154C-1 JSOWs for the U.S. and another 355 AGM-154 Block III …

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OptumRx, Catamaran Complete Merger; Mark Thierer Comments

Optum has closed the merger of its pharmacy care services business OptumRx with Catamaran Corp. as part of efforts to expand the delivery of personalized pharmacy care to at least 65 million patients. Optum said Thursday it acquired all shares of Catamaran at $61.50 per share in a cash transaction. The combined companies will operate …

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