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Tag Archives: featured

DRS to Build Common Display Systems for US Navy

DRS Laurel Technologies (NYSE: DRS) has won a potential $96.3 million contract to produce common display systems for the U.S. Navy. Work will occur in Johnstown, Pennsylvania, through April 2016 under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Friday. The technology is intended for installation in Navy surface ships and …

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HP Wins Potential $469M DISA Content Delivery IDIQ

Hewlett-Packard (NYSE: HPQ) has won a potential six-year, $469 million contract from the U.S. Defense Information Systems Agency to deliver Internet content to DISA end users worldwide. DISA received three bids for the firm-fixed-price contract and is obligating $10, 000 in fiscal 2015 defense working capital funds at the time …

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Eren Ozmen: Sierra Nevada Targets Unmanned Tech Growth with Kutta Acquisition

Sierra Nevada has acquired Phoenix-based unmanned vehicle command and control systems developer Kutta Technologies for an undisclosed amount. Eren Ozmen, Sierra Nevada president, said Thursday that Kutta holds 15 years market experience and will add a range of technical offerings to Sierra Nevada’s unmanned technology portfolio through the acquisition. Kutta …

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April 24 Market Close: GovCon Index Dips, Tech Earnings News Lifts US Stocks

The GovCon Index fell for the second consecutive day Friday to close down 0.238 points at 75.901 and end the week with a 1.16 percent gain from the previous five-day trading period. Corporate financial reports from Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG) and Amazon.com (NASDAQ: AMZN) helped send U.S. markets into nominal positive territory despite continued concern …

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Serco’s US Arm Lands Navy Cost, Engineering Analysis IDIQ; Dan Allen Comments

Serco Inc. will continue to perform cost and engineering analyses on the U.S. Navy’s projects under a $20 million contract. The British contractor’s North American subsidiary will work with the Navy, Army, Air Force and Defense Department to negotiate for lower-priced weapons systems and parts under the Price Fighters program, Serco said Friday. “As …

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BAE to Examine Potential US IT Services Division Sale

BAE Systems Plc is exploring a potential sale of the British defense contractor’s U.S.-based manpower and services division,  which provides information technology support services to U.S. government agencies. BAE said Friday a group of external advisers will help perform a strategic review of the business as it has “generated external interest and a number of enquiries.” The manpower and services division is …

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Windstream Lands 9-Year Contract for GSA’s Green Buildings Initiative

Windstream will provide telecommunications services to the General Services Administration under a nine-year contract in support of a green building initiative run by GSA’s Public Buildings Service organization. The company said Wednesday the contract covers enterprise network services to more than 1, 000 GSA-owned facilities and properties. “We are excited to continue our strong relationship with …

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John Shannon Appointed Boeing Space Launch System VP, Program Manager

John Shannon, formerly Boeing’s (NYSE: BA) International Space Station program manager, has been named vice president and program manager for the company’s space launch system. He succeeds retiring Virginia Barnes, Boeing said Thursday. Shannon previously served as deputy associate administrator for NASA’s exploration planning in the human exploration and operations …

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Ellen Tauscher Elected to BAE’s US Board; Roberth Fitch, Linda Hudson, Kenneth Minihan End Terms

Ellen Tauscher, a former congressinoal representative and a financial sector veteran, has joined the board of directors of BAE Systems Inc. — the British contractor’s U.S. subsidiary. She begins her three-year term at the company on Friday, BAE said Thursday. “Her insight and advice on the many important issues confronting the defense industry …

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April 23 Market Close: GovCon Index Stalls, Earnings Drive US Stocks Up

The GovCon Index dipped into negative territory Thursday to close down 0.103 points at 76.139. Investors reacted positively to financial reports from blue chip technology stocks such as IBM (NYSE: IBM) and Caterpillar (NYSE: CAT) after stocks traded lower in the morning session, according to CNBC. The Dow Jones Industrial Average gained 20.42 points to 18, 059.69, the …

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