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Executive Mosaic Launching 2019 GovConIndex, Names 30 Basket Stocks to Track Industry

Executive Mosaic has named a basket of 30 publicly traded GovCon firms that will make up this year’s GovConIndex. The index, scheduled to relaunch on March 4th, is an amalgam of GovCon stocks representing a cross-industry analysis of the overall performance of the GovCon sector. Stock prices are listed in …

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Harris, L3 Set April 4 Shareholder Vote on All-Stock Merger Deal

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) will each hold a shareholder meeting on April 4 to decide on proposals needed to finalize the companies’ proposed merger through an all-stock transaction. Shareholders of record as of Feb. 22 will vote at the companies’ respective meetings, Harris and L3 said Monday. L3 …

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Vincent Buffa Named HDT Global President, CEO

Vincent Buffa, former president and CEO of Data Device Corp., has succeeded Frederick Strader to the same dual role at expeditionary equipment manufacturer HDT Global. Buffa brings 33 years of leadership experience in the production of mechanical and electrical components and systems for the aerospace and defense sectors, HDT said Monday. …

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Harris Receives $169M Navy Contract Option to Produce More F/A-18 Countermeasure Systems

Harris (NYSE: HRS) has received a $168.8M contract modification to provide additional integrated countermeasure systems and other components for the U.S. Navy’s F/A-18 multirole combat jets. The Navy exercised an option under a previously awarded firm-fixed-price contract to buy 78 Integrated Defensive Electronic Countermeasures Onboard Jammer systems as part of the program’s …

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Space Tech Vet Alex Fox Takes EVP Role at HawkEye 360

Alex Fox, former director of space intelligence, surveillance and reconnaissance solutions at Harris (NYSE: HRS), has been named executive vice president of business development, sales and marketing at HawkEye 360. The more than 20-year industry veteran will lead a global sales marketing team that offers radio frequency data analytics platforms, the company …

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Defense Firms Report Impact of Gov’t Shutdown, Expect Military Funding Increase for Fiscal 2020

Major defense primes General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) did not experience “notable” impacts from the 35-day partial government shutdown, Wells Fargo Securities reported Friday. The investment bank added that Booz Allen Hamilton (NYSE: BAH) projected a March quarter impact of nearly $20M in revenue, while …

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PwC: Aerospace, Defense Sector Recorded $57.8B in 2018 M&A Deal Value

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $57.8B in 2018, reflecting a 19 percent drop from the previous year. Despite the decline, PwC said the deal value in 2018 was 83 percent higher than the 10-year average and the third largest in …

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Lockheed Books $712M Hardware Delivery Order Under F-35 Tech Refresh Program

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $712.4M delivery order from the U.S. Navy to design and develop hardware for the F-35 Technology Refresh 3 system. The company will support flightworthy certification, production readiness review and fleet release of the system for use in lot 15 fighter jets, the Department …

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Eight Firms to Help Air Force Develop Open Architecture Standards

Eight companies have secured contracts worth $22.5M combined to develop, manage and update a set of Open Architecture standards for the U.S. Air Force. The contractors will work as a single entity to create and offer configuration control for Universal Command and Control Interface and Open Mission systems standards, the …

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Harris Refiles Antitrust Notification for L3 Merger Deal

Harris (NYSE: HRS) has withdrawn and refiled a notification required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with regard to its proposed merger with L3 Technologies (NYSE: LLL). Harris resubmitted the notification Tuesday and the waiting period for the notice under the antitrust law is set to expire on Jan. 10, …

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