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August 1 Market Close: GovCon Index Lifted on Engility, General Dynamics & Cubic Gains

Executive Mosaic’s GovCon Index traded higher Monday in mixed activity for U.S. stocks as Engility Holdings (NYSE: EGL) surged on a second quarter earnings beat with General Dynamics (NYSE: GD) and Cubic Corp. (NYSE: CUB) also as top performers. The GovCon Index added 0.252 points to 82.500 with four of the GCI’s 11 …

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Leda Chong Appointed Gulfstream Government Programs & Sales SVP; Mark Burns Comments

General Dynamics (NYSE: GD) subsidiary Gulfstream Aerospace has appointed Leda Chong, formerly senior vice president for strategic planning, as SVP for government programs and sales. Gulfstream said Wednesday Chong will report to Gulfstream President Mark Burns and oversee global government and special mission sales and marketing, business development and international relations. “During Leda’s tenure …

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General Dynamics’ Gulfstream Gets $112M Aircraft Logistics Support Contract Extension

A General Dynamics (NYSE: GD) subsidiary will continue to provide logistics support for the C-20 and C-37 fleet of the U.S. Air Force, Army,  Coast Guard, Marine Corps and Navy under a $111.6 million contract modification. The Defense Department said Thursday the modification is for a 12-month extension on a previously awarded contract …

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General Dynamics 3Q Earnings, Revenue Above Wall Street Estimates; Phebe Novakovic on Acquisition Prospects

General Dynamics (NYSE: GD) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.28 per share, a figure 15 cents above Wall Street analyst forecasts and 23 cents higher than the prior year period. Third quarter profit rose 5.31 percent from the same period last …

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Air Force Awards Three JSTARS Prototyping Contracts

Three industry teams have received $31.4 million in contracts to help the U.S. Air Force develop prototypes and risk reduction strategies for its future Joint Surveillance Target Attack Radar System aircraft, Defense News reported Friday. Aaron Mehta writes the military service awarded $9.9 million to Boeing (NYSE: BA), $10 million …

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GKN to Acquire Dutch Aircraft Manufacturer Fokker for $780M

GKN has agreed on the estimated $779.6 million acquisition of Arle Capital‘s Fokker Technologies company as part of GKN’s efforts to establish its business as a global supplier to the aerospace sector. GKN said Tuesday its aerospace business will absorb Fokker as an operating unit following the close of the acquisition scheduled …

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Northrop, General Dynamics, L-3 Team Up for JSTARS Recap Bid

TYSONS CORNER, VA June 16, 2015 — Executive Mosaic — Northrop Grumman (NYSE: NOC), General Dynamics (NYSE: GD) and L-3 Communications have teamed up to prepare for a joint bid on the U.S. Air Force’s Joint STARS recap program. The alliance seeks to leverage Northrop’s C2 battle management experience, General Dynamics’ Gulfstream …

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Jason Aiken Appointed General Dynamics CFO, Hugh Redd to Retire

Jason Aiken, senior vice president and chief financial officer of General Dynamics‘ (NYSE: GD) Gulfstream subsidiary, has been elected by the board of directors to serve as CFO of General Dynamics starting Jan, 1. 2014. The 11-year company veteran will succeed Hugh Redd, who will retire from the company after …

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