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Tag Archives: featured

Air Force Awards Raytheon $344M for C2 Switching System Logistics Support

Raytheon (NYSE:RTN) has been awarded a $344, 335, 000 contract to perform logistics work on a digital switching system of the U.S. Air Force‘s command and control network. The U.S. Defense Department said Wednesday the company will also provide depot spares maintenance, engineering, installation and technical services for the Command …

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Jeff Harman Named Oceus COO, Kevin Stiles Appointed CTO

Jeff Harman, senior vice president and general manager for the Defense Department solutions group at Oceus Networks, has been promoted to the role of chief operating officer. The company said Wednesday it also named Kevin Stiles, most recently vice president of engineering, as chief technology officer. Harman has managed the …

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Kellye Walker, Chuck Monroe to Take HII Legal Dept Leadership Roles; Mike Petters Comments

Huntington Ingalls Industries‘ (NYSE: HII) board of directors has appointed Kellye Walker as corporate vice president and general counsel and Charles Monroe Jr. as corporate VP, secretary and associate general counsel. The appointments take effect Jan. 12, 2015 and Monroe will report to both the board of directors and Walker, who in …

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December 17 Market Close: GovCon Index Snaps 3-Day Skid, Fed Sends Interest Rate Signal

The GovCon Index ended its stretch of three consecutive days of losses with a gain of 1.042 points to close at 68.453 on Wednesday. Investors reacted to the Federal Reserve’s addition of the phrase “considerable time” in its latest policy statement and comments from Fed Chair Janet Yellen that the central bank will …

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Jerome Hauer Joins Chertoff Group as Security Services Principal; Michael Chertoff Comments

Jerome Hauer, formerly commissioner of New York’s homeland security and emergency services division, has joined Chertoff Group as principal within the firm’s security services practice. He will be part of Chertoff’s team that works to assist customers in establishing risk reduction and management strategies and executing business continuity plans, Chertoff said …

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Cubic Buys DTECH LABS for $114.5M; Bradley Feldmann Comments

Cubic Corp. (NYSE: CUB) has acquired modular networking and baseband communications equipment provider DTECH LABS Inc. for $114.5 million. Bradley Feldmann, president and CEO of Cubic, said Tuesday the DTECH acquisition is part of the company’s “near-term strategy to build a niche $100 [million] to $200 million C4ISR business generating …

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Northrop Receives USAF Order of Global Hawk UAVs for South Korea

The U.S. Air Force will supply South Korea with four Northrop Grumman-built (NYSE: NOC) RQ-4B Block 30 Global Hawk unmanned aerial vehicles, two spare engines and ground control environment components under a foreign military sale worth $657.4 million. The Defense Department said Tuesday that Northrop will also equip the aircraft with the Enhanced Integrated Sensor Suite. The sale …

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December 16 Market Close: GovCon Index Records Nominal Loss, Investors Eye Possible Fed Move

The GovCon Index extended its current stretch of declines into a third consecutive day with a nominal loss of 0.154 points to close at 67.411 on Tuesday. Investors will keep an eye on the Federal Reserve’s impending decision later this week on whether to change their policy statement and be more open to …

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Peter Altabef Named President, CEO of Unisys; Paul Weaver Comments

Peter Altabef, president and CEO of Oracle‘s (NYSE: ORCL) MICROS Systems subsidiary, will join Unisys (NYSE: UIS) in January as president, CEO and member of the board of directors. Unisys said Tuesday that Altabef brings 20 years of experience in leadership roles at other IT companies. “As an industry veteran, Peter brings outstanding leadership skills, …

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