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Tag Archives: Navy

December 16 Market Close: GovCon Index Flat, Snaps 5-Week Gain Streak in Volatile US Stock Trading Session

Executive Mosaic’s GovCon Index swung to negative territory in a volatile afternoon session for U.S. stocks Friday as equities retreated from morning gains after reports surfaced that China’s navy seized a U.S. unmanned underwater drone in the South China Sea. The GovCon Index’s streak of five consecutive weekly gains also ended Friday but …

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Bell Boeing Secures $412M in Navy Contract Modifications to Repair Osprey Aircraft Parts

A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received two contract modifications worth potentially $411.9 million combined to repair various parts of the U.S. Navy‘s V-22 Osprey tiltrotor aircraft. The Bell Boeing Joint Program Office secured a $246.2 million delivery order modification that contains a one-year base and a one-year option period which, if exercised, …

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December 15 Market Close: GovCon Index Ends 3-Day Slide on HII & Services Gains

Executive Mosaic’s GovCon Index inched higher Thursday to end its three-day streak of declines on a large gain by Huntington Ingalls Industries (NYSE: HII) and contributions from services-oriented companies as U.S. stocks also climbed after the release of new economic data. GovCon Index gainers edged decliners 16-14 as six of its 11 S&P 500 …

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Retired Navy Adm. Kirkland Donald to Join Board of Huntington Ingalls Industries

Kirkland Donald, a retired U.S. Navy admiral and former CEO of Systems Planning and Analysis, will officially join Huntington Ingalls Industries‘ (NYSE: HII) board of directors Jan. 1. The 37-year Navy veteran previously directed the military branch’s Naval Nuclear Propulsion program until he retired in 2013, HII said Wednesday. He also commanded the Naval Submarine Forces, Submarine …

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Navy Taps Jacobs Subsidiary for $75M NAVFAC Design, Engineering Services Contract

A subsidiary of Jacobs Engineering Group (NYSE: JEC) has been awarded a five-year, $75 million contract to provide engineering and design support for industrial research efforts at administrative facilities within the Naval Facilities Engineering Command’s Washington area of responsibility. The Defense Department said Tuesday that Jacobs’ government services business may also perform work …

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Kevin Walden Promoted to Kratos CIO; Eric DeMarco Comments

Kevin Walden,  acting chief information officer and director of information compliance and enterprise applications at Kratos Defense & Security Solutions (Nasdaq: KTOS), has been promoted to serve as CIO on a full-time basis. Walden will manage company-wide information security and compliance,  data communications and other information technology functions in his new role, …

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Navy Intends to Award Hawkeye Aircraft Lots 7-11 FRP Contract to Northrop Grumman

TYSONS CORNER, VA, Dec. 13, 2016 — The U.S. Navy intends to award a sole-source, fixed-price contract to Northrop Grumman (NYSE: NOC) to deliver potentially 40 full-rate production E-2D Advanced Hawkeye aircraft under lots 7 to 11, ExecutiveBiz reported Monday. Northrop will be tasked to provide program and production management, systems …

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PAE Receives Tunisian Maritime Surveillance Support Contract

TYSONS CORNER, VA, Dec. 13, 2016 — The government of Tunisia has awarded PAE a contract for maritime surveillance services to support the security of the country’s territorial waters, ExecutiveBiz reported Monday. The company said Monday it will deliver command, control, communications and surveillance services as part of the U.S. Navy‘s Regional Maritime Awareness Capability …

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PAE Secures $66M Navy Range Operations Support Contract Modification

The U.S. Navy has awarded PAE a one-year, $66 million contract modification to exercise an option for range engineering, operations and maintenance support services. The modification covers system operations, laboratory and field testing, marine operations and target support services, engineering, range sustainability, maintenance and data reduction and analysis, the Defense Department said Monday. …

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December 12 Market Close: GovCon Index Closes Down 1% After Trump F-35 Tweet, Lockheed Falls 2%

Executive Mosaic’s GovCon Index fell 1 percent Monday on a steep by Lockheed Martin‘s (NYSE: LMT) stock at 2 percent as other large defense primes also tumbled after President-elect Donald Trump criticized the F-35 program’s costs in a Twitter post before markets opened. The GovCon Index traded down 2 percent shortly before 12 p.m. Eastern …

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