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Tag Archives: featured

Report: Airbus Seeks Majority Stake of MBDA

Airbus wants to buy Finmeccanica’s 25 percent share of European missile company MBDA, Reuters reported Monday. Airbus plans to bolster its 37.5 percent stake at MBDA after Finmeccanica announced sale of its share, Alexandre Boksenbaum-Granier and Valentina Za report, citing a report from Britain’s Sunday Times. Analysts estimate Finmeccanica’s MBDA …

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General Dynamics, Medico Industries Win Army Artillery Assembly Contract Spots

The U.S. Army has selected General Dynamics’ (NYSE: GD) ordnance and tactical systems business and Medico Industries to manufacture metal parts assemblies for artillery rounds under a $301.6 million contract. Contractors will build the components for M795 155-milimeter rounds through Jan. 30, 2020, the Defense Department said Friday. The Pentagon said it will …

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January 30 Market Close: GovCon Index Loses 2%, GDP Data Drags Stocks

The GovCon Index mirrored the declines of U.S. stocks Friday with a fall of 1.939 percent — or 1.346 points — to 70.735. Four out of 30 index companies recorded stock price increases: CGI Group (NYSE: GIB), L-3 Communications (NYSE: LLL), ManTech International (NASDAQ: MANT) and Serco Inc. A Commerce Department report …

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Air Force Chooses 4 Firms for $486M Defense Security Systems IDIQ

The U.S. Air Force has awarded four companies positions on a potential seven-year, $486 million contract to support tactical defense systems at the branch’s force protection sites worldwide. USAF is obligating $5, 000 to each contractor at the time of award, the Defense Department said Thursday. L-3 Communications (NYSE: LLL), …

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NSA Awards L-3 Max $1B in Systems Engineering, Acquisition Support Contracts

The National Security Agency has awarded two worth up to $1 billion combined over five years to L-3 Communications (NYSE: LLL) for systems engineering and program support services. Both Enterprise Program Management contracts have a combined base value of $367.3 million to the company’s national security solutions business, L-3 said …

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Boeing to Help Air Force Sustain Ballistic Missile Guidance Tech; Peggy Morse Comments

Boeing (NYSE: BA) has been awarded a $51 million contract to maintain guidance systems for the U.S. Air Force‘s land-based intercontinental ballistic missiles. The company said Thursday it will perform sustaining engineering work on the Minuteman III ICBM guidance technology through the contract. Peggy Morse, vice president of Boeing’s directed …

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BAE Systems to Train NGA Analysts, Intell Officers; DeEtte Gray Comments

BAE Systems has won a five-year, $43 million contract to train National Geospatial-Intelligence Agency analysts and intelligence officers positioned in the U.S. and worldwide. BAE Systems will work to instruct NGA’s analysts on imagery analysis, activity based intelligence and human geography using more than 70 courses, the company said Thursday. …

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Harris to Upgrade FAA’s Alaska Flight Planning System; John O’Sullivan Comments

Harris Corp. (NYSE: HRS) has won a $98 million contract to upgrade the Federal Aviation Administration’s weather data and flight-planning system for the aviation community in Alaska. The company will also test and maintain the system under the Operational and Supportability Implementation System II program, Harris said Thursday. “OASIS is …

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Jill Singer Joins AT&T Government Solutions as National Security VP; Kay Kapoor Comments

Jill Singer, a former partner at consulting firm Deep Water Point, has joined AT&T (NYSE: T) as vice president of national security for the company’s government solutions unit. The 27-year public and private sector veteran will oversee the subsidiary’s work to deliver technology products and services to customers across the …

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January 29 Market Close: GovCon Index Rallies 1%, Jobless Claims Dip

The GovCon Index recovered some ground from a three-day stretch of losses Thursday with a gain of 0.868 points — or 1.191% percent — to close at 72.081. Boeing (NYSE: BA) was the index’s largest gainer at 5.8 percent or a second straight day and Northrop Grumman‘s (NYSE: NOC) stock jumped 2.16 percent after the company said profit …

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