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Tag Archives: featured

November 11 End of Day Report: GovCon Index Stays Level With Monday’s Close

The GovCon Index closed Tuesday at 68.348 — a tiny increase of 0.154 percent, or 0.105 points. Bloomberg said in its market summary that Tuesday’s trading day saw the three major stock indices record a fifth consecutive day of gains on the back of increases by homebuilder shares. The S&P 500 composite index ended Tuesday’s …

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Raanan Horowitz: Elbit Systems Engineers to Work on F-16 Display Technology

Elbit Systems of America will perform logistics work on head-up display electric module assemblies for the U.S. Air Force‘s fleet of F-16 fighter jets under a five-year, $29 million contract. Raanan Horowitz, president and CEO of Elbit Systems of America, said Tuesday that the company’s engineers will focus on work to …

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Optex Systems Buys Applied Optics Center From L-3; Merrick Okamoto Comments

Optex Systems Holdings has closed its acquisition of laser protection filter business Applied Optics Center from L-3 Communications (NYSE: LLL) for an undisclosed amount. Applied Optics Center was formerly a division of L-3’s warrior systems sector within the electronics systems business unit, Optex said Nov. 4. “We are excited this acquisition will provide new growth opportunities …

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Rami Rahim Named Juniper Networks CEO

Rami Rahim, former executive vice president and general manager of Juniper Networks‘ (NYSE: JNPR) development and innovation segment,  has been promoted to CEO. Juniper said Monday Rahim, a 17-year veteran ofthe company, will also join the board of directors. “He is a talented leader who brings deep instincts about the networking industry, …

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Todd Leavitt to Lead Northrop’s Maritime Systems Business

Todd Leavitt, former director of maritime sensors and shipboard integration at Northrop Grumman (NYSE: NOC), will now serve as vice president of the company’s maritime systems segment after four years in his previous role. Northrop said Monday Leavitt will be in charge of all U.S. and international maritime systems programs and products in the …

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DHS Issues RFI on Potential Upgrades to Biometric System

The Department of Homeland Security is seeking information from industry on potential upgrades to the Office of Biometric Identity Management’s current biometric system in order to accommodate a growing population and emerging identity screening applications. DHS said in a notice posted Thursday on FedBizOpps that OBIM plans to develop a new biometric identification and analysis system that …

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November 10 End of Day Report: GovCon Index Holds Relatively Level From Friday’s Close

The GovCon Index ended Monday’s trading day at 68.240 — a nominal increase of 0.311 percent from Friday, or 0.213 points. CNBC reported that the Dow Jones Industrial Average and S&P 500 composite index both closed Monday at record highs on the heels of positive earnings reports and price increases of healthcare stocks during the trading day. The Dow …

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Michael Chao Joins KeyPoint as CFO; Eric Hess Comments

Michael Chao, formerly chief financial officer at snack food franchisor Famous Brands International, has joined background investigations and security screening services contractor KeyPoint Government Solutions as CFO. KeyPoint said Monday that Chao succeeds Carolyn Symsack, who plans to retire by the end of the year and will remain on KeyPoint’s leadership team …

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Raytheon Awarded Military Pilot Training Contract Modification

Raytheon has received a $13.5 million task order modification to train an additional 24 Afghan pilots under the U.S.’ New Dawn warfighter training program. The company will help the Afghan fixed- and rotary-wing aircraft pilots to achieve the equivalent of a commercial pilot certification through the U.S. Army‘s Warfighter Field …

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Ken Asbury: CACI to Help Army Build Threat Detection Sensors

The U.S. Army has awarded CACI International (NYSE: CACI) a potential two-year, $32.5 million contract to help the service build a range of electronic sensing devices. The contract has one base year and one option year and was awarded through the Army’s Rapid Response Third Generation program, the company said …

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