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Tag Archives: featured

Wyle Laboratories to Help Japan, US Navy Plan Sea-Based Tests

Wyle Laboratories has been awarded a $21, 619, 064 contract to assist the U.S. Navy and Japan through the foreign military sales program in sea test planning and coordination. The company will provide engineering analysis, systems engineering and test support for the Naval Air Warfare Center Weapons Division Sea Range …

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Parsons Gets $69M Contract to Support DIA Missile, Space Intell Center

Parsons‘ government services business has received a five-year, $68.8 million contract from the Defense Intelligence Agency for scientific and technical support to the Missile and Space Intelligence Center. The Defense Department said Friday the company will perform work under the indefinite-delivery/indefinite-quantity contract at Redstone Arsenal in Alabama through June 25, 2020. DIA …

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June 26 Market Close: GovCon Index Continues Slide, US Stocks Mixed

The GovCon Index continued its run of declines to a fourth consecutive day Friday with a loss of 0.114 points and closing figure of 75.917. A 4-percent rise in Nike shares helped boost the Dow Jones Industrial Average and the Dow’s industrial segment with losses of technology stocks translated to a mixed day for U.S. markets, according …

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Reuters: Providence Equity Partners Mulls SRA IPO or Sale

Providence Equity Partners is looking to either sell or launch an initial public offering of SRA International, which the investment arm believes has a value of approximately $2 billion, Reuters reported Thursday. Mike Stone and Greg Roumeliotis write the private equity firm has partnered with Citigroup to examine the possibility of …

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Germany to Discuss Missile Order with Lockheed-MBDA Team

Germany could initially procure 8 to 10 Medium Extended Air Defense Systems from the team of Lockheed Martin (NYSE: LMT) and MBDA for the country’s missile defense system replacement initiative, Reuters reported Thursday. Michelle Martin writes Thomas Homberg, managing director at MBDA, said that upcoming contract discussions would center on …

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Former NRO Director Bruce Carlson Elected to Lockheed Board; Marillyn Hewson Comments

Bruce Carlson, who led the U.S. National Reconnaissance Office from 2009 to 2012, will officially join Lockheed Martin (NYSE: LMT) on July 1 as a member of the board of directors. Lockheed said Thursday that Carlson, a retired U.S. Air Force general, will also serve on the board’s nominating and …

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June 25 Market Close: GovCon Index Down, US Stocks Stutter on Biotech Losses

The GovCon Index closed in negative territory for the third consecutive day Thursday with a loss of 0.264 points to end at 76.030. Losses in the transportation and biotechnology sector sent U.S. stocks slightly down Thursday and many investors attributed the trading activity and volume to uncertainty over negotiations between Greece and …

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Jennifer Felix Joins Vencore as SVP, CFO; Mac Curtis Comments

Jennifer Felix, formerly chief financial officer at Sotera Defense Solutions, has joined Vencore as senior vice president and CFO. Her appointment takes effect July 20 and she will oversee Vencore’s relations with investors and the strategic advisory council and manage tax, accounting and other aspects of the company’s financial functions, Vencore said …

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General Atomics Gets $121M Modification on Gray Eagle UAS Production Contract with Army

General Atomics has received a $121.4 million contract modification from the U.S. Army to build Gray Eagle unmanned aircraft systems and satellite data terminals. The award covers production of 19 Gray Eagles and 19 satcom terminals and is a modification to a potential $200 million contract the company was awarded …

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Rolls-Royce Secures $100M Contract for Air Force Turbine Engines Program

Rolls-Royce‘s North American technologies business has secured a potential $100 million contract to develop and upgrade turbo-propulsion engines for the U.S. Air Force’s fleet under phase III of the Versatile Affordable Advanced Turbine Engines program. The military branch received 34 bids for the indefinite-delivery/indefinite-quantity contract, the Defense Department said Wednesday. …

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