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Engility Highlights 3Q Contract Bookings in ‘Best-Value’ Strategy Shift Versus LPTA

Engility Corp. (NYSE: EGL) described to investors Thursday three third quarter contract wins and the loss of another as examples of its shift toward pursuits of larger “best-value” programs versus lowest-price, technically-acceptable work. A slide in the company’s third quarter earnings call presentation highlighted its potential five-year, $369 million contract announced in October for engineering and technical services …

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October 17 Market Close: GovCon Index Shows Little Change as Energy & Consumer Declines Weigh on US Markets

Executive Mosaic’s GovCon Index posted little change for a second consecutive session Monday on mixed results among its large-cap companies as U.S. stocks closed mostly lower due to a sell-off in consumer and energy sector shares that coincided with a decline in crude oil prices. GovCon Index laggers outnumbered advancers and four of …

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DOT Taps Engility for Potential $369M FAA Air Traffic Mgmt System Update Contract

Engility (NYSE: EGL) has received a potential five-year, $369 million contract from the U.S. Transportation Department to provide technical and engineering services in support of the Federal Aviation Administration’s efforts to update the country’s air traffic management system. The cost-plus-fixed-fee contract awarded by DOT’s Volpe National Transportation Systems Center also …

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Raytheon Awarded $135M to Update FAA Air Traffic Control Systems at 22 Airports

Raytheon (NYSE: RTN) has received a $135 million contract modification from the Federal Aviation Administration to complete the company’s work on updates to traffic control systems across 22 airports in the U.S. as part of the agency’s NextGen modernization program. The company will implement the Standard Terminal Automation System at …

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Northrop Grumman Lands $81M FAA Aeronautical Info Mgmt Contract; Ed Sturms Comments

Northrop Grumman Corp. (NYSE: NOC) has received an $81 million contract to update the Federal Aviation Administration’s aeronautical information management system. Northrop said Monday that the company will assist FAA in developing automation and information systems in support of the agency’s safety mission and the Next Generation Air Transportation System …

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Harris to Upgrade FAA’s Alaska Flight Planning System; John O’Sullivan Comments

Harris Corp. (NYSE: HRS) has won a $98 million contract to upgrade the Federal Aviation Administration’s weather data and flight-planning system for the aviation community in Alaska. The company will also test and maintain the system under the Operational and Supportability Implementation System II program, Harris said Thursday. “OASIS is …

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FAA Awards Raytheon $350M for Air Traffic Control Updates; Michael Espinola Comments

Raytheon (NYSE: RTN) has received a $350 million contract modification with the Federal Aviation Administration to extend the company’s air traffic control center modernization work under the FAA’s Terminal Automation Modernization and Replacement program to September 2017. The company will implement the Standard Terminal Automation System at airports as part of the FAA’s efforts to transition ATC systems …

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Harris Gov’t Comm Systems Revenue Up 12% in FY 2015 1Q

Harris Corp. (NYSE: HRS) has announced financial results for the first quarter of the company’s 2015 fiscal year, which ended Sept. 26, 2014. Revenue in the company’s government systems segment increased 12 percent from the prior period to $461 million, which Harris said was driven by work on the F-35 Joint …

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Tony Smeraglinolo: Engility Adds NextGen Engineering, Analytical Contract

Engility Holdings (NYSE: EGL) has won a 38-month, $23 million contract that covers work with the Transportation Department and Federal Aviation Administration to implement the NextGen air traffic control system at airports. The company will perform engineering and analytical support work under the cost-plus-fixed-fee contract, which includes both new and …

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