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Tag Archives: featured

February 20 Market Close: GovCon Index Rises as Greece, Creditors Strike 4-Month Deal

The GovCon Index recorded an eight-consecutive day in positive territory Friday as it gained 0.757 points — or 1.056 percent — to close at 70.937. Index company Huntington Ingalls (NYSE: HII), the Virginia-based shipbuilder, saw its stock jump ____ percent after it reported a 2-percent increase in revenue for its full 2014 fiscal …

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Julie Gravallese Promoted to VP, Chief HR Officer at Mitre; Alfred Grasso Comments

Julie Gravallese, a 33-year veteran of Mitre and formerly director of its information technology center, has been promoted to vice president and chief human resources officer at the nonprofit research-and-development organization. Mitre said Thursday Gravallese has held director-level positions over the past 19 years at the organization, which operates federally-funded …

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Engility to Help Navy Develop, Test Avionics Platforms; Tony Smeraglinolo Comments

Engility Holdings (NYSE: EGL) has won a five-year, $27.6 million contract to continue development and testing work on avionics platforms for the U.S. Navy. The company will work to manage the program, develop services and systems, guide quality analysis, plan tests and analyze flight test data for the Naval Air Warfare Center, …

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Navy Orders Additional Orbital ATK Missile Warning Systems; Mike Kahn Comments

Orbital ATK (NYSE: OA) has received a $30 million contract to produce additional missile warning systems for the U.S. Navy. The company will build optical sensor converters and computer processors, retrofit weapon-replaceable assembly upgrades and deliver countermeasures signals simulator to test systems operability, Orbital ATK said Friday. Mike Kahn, executive vice …

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Boeing to Produce Additional Apache Helicopters for US Army

Boeing (NYSE: BA) has received a more than $591 million contract modification to produce additional Apache helicopters for the U.S. Army. The company will build 35 AH-64E Apache helicopters under the full rate production’s fifth batch, the Defense Department said Thursday. Boeing will perform work at its Mesa, Arizona-based facility through …

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February 19 Market Close: GovCon Index Closes Up, Investors Await Friday Greece Meeting

The GovCon Index extended its streak of gains to a fourth consecutive day with a Thursday increase of 0.383 points to 70.180. Investors will watch a meeting in Brussels between government officials from Germany in Greece on terms of a bailout of Greece and energy shares dipped with declines in crude oil prices, according to Bloomberg. …

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UK Taps Leidos to Run Military Logistics Program; Roger Krone Comments

Leidos (NYSE: LDOS) has been selected to run the U.K. defense ministry’s logistics commodities and services program for 13 years. The company will perform warehousing procurement services and stock control of food, clothing, general and medical supplies, storage and distribution, the British government said Thursday. The ministry will conclude the deal once requirements in …

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Raytheon Gets Approval to Export Gallium Nitride-Based Patriot Sensor; Ralph Acaba Comments

Raytheon Co. (NYSE: RTN) has received approval from the U.S. government to export a Gallium Nitride-based sensor to countries that use the Patriot air and missile defense system. Ralph Acaba, vice president of integrated air and missile defense at Raytheon’s integrated defense systems business, said Thursday the GaN-based Patriot radar is …

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Northrop OKs 70-Cent Dividend for Shareholders

Northrop Grumman‘s (NYSE: NOC) board of directors has approved a quarterly cash dividend of 70 cents per share on the company’s common stock. The company will give the dividend to shareholders of record as of March 2, Northrop said Tuesday. Stockholders are scheduled to receive the payment March 18.

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Bill Toti to Lead Cubic’s Consolidated Defense Unit Under Reorg Initiative; Bradley Feldmann Comments

Cubic (NYSE: CUB) has appointed Bill Toti, formerly president of the mission support services unit, as president of the new global defense segment that was formed as part of the One Cubic business realignment initiative. The company said Wednesday Cubic Global Defense consolidated the defense systems and mission support services businesses to streamline operations and drive …

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