Tag Archives: featured

Boeing’s Aviall Arm Appoints Eric Strafel as President, CEO

Eric Strafel, a former vice president in the military aircraft business at Boeing (NYSE:BA), will transition into a new role as president and CEO of the airplane maker’s supply chain management services subsidiary Aviall., the companies said Friday. Dallas-based Aviall provides new aviation parts and other aftermarket services to both commercial and defense …

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State Dept Clears $3B Poseidon Aircraft, Equipment Sale to U.K.

The State Department has cleared a potential $3.2 billion foreign military sales agreement for the U.K. to procure Boeing-built (NYSE: BA) P-8A maritime surveillance planes and related equipment and support services from the U.S. The U.K. ordered nine Poseidons in an effort to supplement patrol and reconnaissance missions of the British military and …

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Lockheed Awarded $180M Navy Contract Modification for F-35 Materials

Lockheed Martin (NYSE:LMT) has received a $180 million contract modification from the U.S. Navy to continue procurement of F-35 aircraft parts. The Defense Department said Thursday the modification builds on the advance acquisition contract awarded in December 2015 for long-lead-time materials, components and parts for the low-rate initial production of Lot 11 F-35s. Lockheed will also …

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SAIC CFO John Hartley to Leave in June; Tony Moraco Comments

John Hartley, an executive vice president and chief financial officer of Science Applications International Corp. (NYSE: SAIC), is set to depart the company by the end of June after a 15-year career there. He said in a statement published Thursday he is leaving the McLean, Virginia-based government services contractor to spend more time …

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Lockheed Martin Receives $1.5B Air Force C-130J Contract Modification

Lockheed Martin (NYSE: LMT) has received a $1.5 billion contract modification to fund the procurement of C-130J aircraft for the U.S. Air Force. The Defense Department said Thursday the contract represents full funding for the procurement of long-lead items the Air Force ordered along with 28 fiscal 2016 C-130J. The covered aircraft …

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Air Force Taps Northrop, Raytheon for JSTARS Recap Risk Reduction Contracts

Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) have secured contracts worth $130.3 million combined to help reduce radar risks for the U.S. Air Force‘s Joint Surveillance Target Attack Radar System Recapitalization program. The service branch awarded $70.3 million to Northrop’s systems business and $60 million to Raytheon’s space and airborne systems unit, the Defense …

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General Dynamics Awarded $550M Army Stryker Supply Contract

A General Dynamics (NYSE: GD) unit has been awarded a $549.9 million contract to supply Stryker armored vehicles to the U.S. Army. General Dynamics Land Systems is scheduled to complete the task by Feb. 28, 2019, the Defense Department said Thursday. Stryker is an eight-wheeled and medium-weight armored vehicle that incorporates a …

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DHA Picks McKesson Subsidiary for $139M Patient Engagement, Messaging Subscription Contract

The Defense Health Agency has awarded a McKesson Technologies subsidiary a $139 million contract for continued Military Health System patient engagement and interoperable secure messaging subscriptions. RelayHealth will provide 11, 725 MHS physicians, physical and occupational therapists, dentists and other medical providers with subscriptions and related account management services, SM training resources, report preparation …

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DIA Awards $75M Financial Management Services IDIQ to 7 Companies

The Defense Intelligence Agency has awarded seven companies spots on a $75 million contract to provide financial management and related support services to DIA’s directorate of the chief financial officer. The multiple-award contract vehicle was competitively procured with 17 proposals received, the Defense Department said Friday. DIA’s Office of the …

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March 28 Morning Report: CAE Joins GovCon Index; Thursday Trading Ends With Decline

Executive Mosaic will replace Health Net with aerospace and defense firm CAE (NYSE: CAE) in the GovCon Index effective Monday following the health insurer’s acquisition by Centene (NYSE: CNC). CAE closed Thursday at $11.32 per share and a market capitalization of $3.1 billion. GCI closed Thursday with a 0.412-point drop to 74.640, ending the …

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