Tag Archives: Middle East

Harris Cuts FY 2016 Earnings, Revenue Forecasts on Slowing Middle East Demand

Harris Corp. (NYSE: HRS) — an S&P 500 company listed in Executive Mosaic’s GovCon Index — has cut full-year revenue guidance for a second consecutive quarter in its current fiscal year with this reduction due to a slowdown in tactical communications product demand from the Middle East. The Melbourne, Florida-based military radio manufacturer now expects …

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Raytheon Posts 9% Sales Jump in 1Q on Missile Sales, Lifts Full-Year Earnings Outlook Despite 1Q Profit Decline

Raytheon (NYSE: RTN) — listed both in Executive Mosaic’s GovCon Index and the S&P 500 — has reported higher sales for its first quarter on global demand for its weapons and lifted its full-year earnings guidance despite a year-over-year profit decline. The Waltham, Mass.-based missile maker said first quarter revenue increased 8.88 percent from the …

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DigitalGlobe to Form Small Satellite JV With Saudi Partners

TYSONS CORNER, VA, February 23, 2016 — DigitalGlobe (NYSE: DGI) will establish a joint venture with two partners in Saudi Arabia to produce small satellites that will work to capture Earth images, ExecutiveBiz reported Monday. Reuters reported Sunday DigitalGlobe has partnered with the King Abdulaziz City for Science and Technology and Taqnia Space to …

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Harris to Provide $66M Worth of Falcon III Radios to Mideast Client

TYSONS CORNER, VA, December 23, 2015 — Harris Corp. (NYSE: HRS) will provide Falcon III wideband tactical radios and accessories to a Middle Eastern customer under orders worth $66 million, ExecutiveBiz reported Tuesday. The company said Monday the tactical radio orders are part of the customer’s steps for the modernization of its …

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Weekly Roundup Nov 9 – Nov 13 2015: BAE’s Decision Gives Some US Govt Services M&A Clarity & more

Weekly Roundup Nov 9 – Nov 13 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson What will the U.S. government services market look like when we enter 2016 and who will be in it? We received some clarity to that question early Thursday morning …

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General Atomics Unveils Abu Dhabi Office to Serve MENA A&D Market

TYSONS CORNER, VA, November 11,  2015 — General Atomics has unveiled a new office in the United Arab Emirates to support its remotely piloted aircraft business in the Middle East and North Africa region, ExecutiveBiz reported Tuesday. The company said Sunday the Abu Dhabi office launched in August and works to address …

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GardaWorld Acquires Aegis Group; Stephan Cretier Comments

GardaWorld has closed its purchase of private security services provider Aegis Group for an undisclosed sum in a move to grow in the global protective services market. KippsDeSanto & Co. — financial adviser to Aegis Group on the transaction — announced the deal’s completion Tuesday and said GardaWorld seeks to increase its footprints in …

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Dave Wajsgras: Raytheon Delivers Jordan Border Security Work in Support of DTRA

TYSONS CORNER, VA July 9, 2015 — Raytheon (NYSE: RTN) has handed border security operational capability to the Jordanian government for implementation at the nearly landlocked Mideast country’s border with Syria and Iraq, ExecutiveBiz reported Wednesday. Raytheon said the $79 million Defense Threat Reduction Agency contract includes command, control, communications …

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Bill Bodie Returns to Parsons in Middle East, Africa EVP Role

Bill Bodie, head of business development for Fluor Corp.’s (NYSE: FLR) government group since the fall of 2013, has been appointed an executive vice president of the Middle East and Africa business at Parsons, where he worked for the five years prior to Fluor. Parsons said Monday he will oversee the …

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October 13 Morning Report: GovConIndex Starts Week With 1% Decline

The GovConIndex followed the other three major stock indices with a 1 percent decline from Friday’s figures as it closed at 62.268 — a decrease of 1.39 percent, or 0.853. Investor confidence appeared to reflect the ongoing Ebola outbreak in West Africa and events in the Middle East as traders await earnings …

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