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Navy Awards Textron Subsidiary $581M Contract Modification for Helicopter, Fuel Kit Production

Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has been awarded a three-year, $581.1 million contract modification to build UH-1Y Venom and AH-1Z Viper helicopters for the U.S. Marine Corps and Pakistani military. Bell Helicopter will produce and deliver a total of 35 utility and attack helicopter units along with 21 auxiliary …

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Army Picks Oshkosh for $7B Joint Light Tactical Vehicle Contract

Oshkosh (NYSE: OSK) has won a much-anticipated potential $6, 749, 799, 374.25 contract to build armored vehicles for the U.S. Army‘s Joint Light Tactical Vehicle program, the service branch’s initiative to replace the Humvee for itself and the Marine Corps. The Army said Tuesday it expects low-rate initial production of the JLTV to start in …

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August 25 Market Close: GovCon Index Gives Back AM Gains, Nears Correction Territory

The GovCon Index‘s streak of declines extended to a sixth consecutive day Tuesday with a gain of 1.297 percent to 69.628 as U.S. stocks also plummeted late in the trading session. GovCon Index and GovCon Wire parent company Executive Mosaic has determined the Index to officially be near correction territory — 10 percent down from …

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Lockheed Extends Orbital ATK Satellite Fuel Tanks Contract

TYSONS CORNER, VA August 25, 2015 — Lockheed Martin (NYSE: LMT) has contracted Orbital ATK (NYSE: OA) to supply propellant and pressurant tanks for the A2100 satellite system, ExecutiveBiz reported Monday. Orbital ATK said its space systems group will produce all A2100 flight sets, including hybrid composite liquid propellant tanks, …

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General Dynamics Awarded R&D Work to Develop IFV Prototype for Spain

TYSONS CORNER, VA August 25, 2015 — ExecutiveBiz reported Monday on General Dynamics (NYSE: GD) being awarded a $99 million R&D contract to built a prototype for Spain’s infantry fighting vehicle program. The 8×8 IFV prototype will be based on the company’s Piranha Class 5 wheeled armored combat vehicle and manufactured …

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Edinburgh Chooses CGI in Digital Transformation Initiative

TYSONS CORNER, VA August 25, 2015 —The City of Edinburgh Council has contracted CGI (NYSE: GIB) to help modernize the Scottish capital’s information and communications technology services through 2022 for $292 million, ExecutiveBiz reported Monday. CGI said the work includes building digital online services for citizens, providing bandwidth speed upgrades …

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HP’s Scott Gaydos Points to Shadow IT ‘Service-Delivery Benefits’

TYSONS CORNER, VA August 25, 2015 — Scott Gaydos, chief technologist for the U.S. public sector business at Hewlett-Packard (NYSE: HPQ), has urged information technology officers in government to examine how shadow IT could be turned into something beneficial for their organization, ExecutiveBiz reported Monday. He indicated in a guest piece …

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Charlie Bengston Promoted to Lead ASRC Federal’s Engineering, Aerospace Solutions Group; Mark Gray Comments

Charlie Bengston, a 17-year veteran of ASRC Federal, has been promoted to president of the company’s engineering and aerospace solutions operating group. He will be responsible for the development and implementation of growth strategies at ASRC Federal businesses that offer engineering services across the federal sector, ASRC Federal said Monday. …

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Xerox to Buy RSA Medical for Analytics-Driven Health Services

Xerox (NYSE: XRX) has agreed to acquire RSA Medical as part of efforts to grow in the healthcare services market and add new predictive analytics functionalities for population health and member outreach programs. The companies expect to close the transaction within the third quarter of this year and RSA Medical will be part of Xerox’s commercial healthcare …

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Richard Steranka Joins Intel’s Security Arm as Worldwide Channels Lead

Richard Steranka, a more than 25-year sales and channel management veteran, has joined Intel (Nasdaq: INTC) as leader of worldwide channels at the company’s security business unit. He will report to Scott Lovett, senior vice president of global sales for Intel’s security group, and manage the organization’s partnerships with computer …

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