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Tag Archives: Northrop Grumman

Northrop Wins $93M Marine C2 Software Development, Maintenance IDIQ

Northrop Grumman (NYSE: NOC) has won a potential four-year, $93 million contract to help the U.S. Marine Corps develop and maintain software for a command and control personal computer system. The company will also provide software development and maintenance support for a tactical service oriented architecture under the indefinite-delivery/indefinite-quantity contract, the Defense …

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July 3 Morning Report: June Close – GovCon Index Down, Major Indices Mixed for the Month

The Executive Mosaic GovCon Index (GCI) closed up Friday to 94.885 a gain of 0.760 percent. The Index ended down 1.24 percent from the June open of 96.082. The month saw a GCI high of 96.224 and a low of 94.302. The major indices ended Friday with a monthly June performance with the …

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June 30 Market Close: GovConIndex Closes Up as Major Indices Are Mixed

The Executive Mosaic GovCon Index closed up to 94.885 a gain of 0.760 percent. 28 of the 30 stocks that make up the Index where in the positive. ManTech international lead the GovCon Index posting a 5 percent gain as the company was upgraded by Loop Capital Markets. After sharp drops yesterday …

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Air Force Awards Northrop $179M LAIRCM Support Contract Modification

Northrop Grumman (NYSE: NOC) has secured a $179 million contract modification from the U.S. Air Force to provide hardware and support for large aircraft infrared countermeasures systems, or LAIRCM. The Defense Department said Thursday the company will perform work under the modification in Rolling Meadows, Illinois through April 30, 2019. LAIRCM is designed …

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June 28 Market Close: GovConIndex and Major Indices All Close Up Sharply

The Executive Mosaic GovCon Index closed up sharply 1.413 percent to 95.454. Posting the single largest daily gain for the month. 29 of the 30 stocks that make up the GovCon Index advanced on the day. Navistar International lead the index, up 6.66 percent as the company announced key executive changes at …

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IT Security Vet Ron Davis Takes CISO Post at Huntington Ingalls

Ron Davis, formerly chief information security officer of Vencore and a certified information systems security professional, has joined Huntington Ingalls Industries (NYSE: HII) as CISO. Davis will oversee a cybersecurity program that seeks to identify threats and risks as well as implement controls, methods and processes designed to secure HII …

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Jeremy Wensinger, James Winner, Robert Giannetta Join Executive Team at Former Harris IT Business

Jeremy Wensinger, James Winner and Robert Giannetta have been appointed to leadership positions at MHVC Acquisition Corp. — formerly known as the government information technology services business of Harris (NYSE: HRS). Investment firm Veritas Capital finalized its purchase of Harris IT Services for approximately $690 million in April and renamed the business MHVC Acquisition Corp. Herndon, …

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June 19 Market Close: GovCon Index Closes Up as S&P500 and DJIA Reach New Highs

The Executive Mosaic GovCon Index closed up today 0.584 percent to 95.917, reversing its Friday almost 1.5 percent drop.  Advancers outpaced decliners 3 to 1. All three the of the major indices were up on the day as technology stocks rebounded from the previous two weeks of sluggish performance. WTI crude oil …

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Report: Lockheed, 11 Countries In Talks Over $37B F-35 Procurement

Lockheed Martin (NYSE: LMT) is in talks with the U.S. and 10 other countries over a potential contract worth at least $37 billion for the manufacturer to deliver a total of 440 F-35 fighter aircraft, Reuters reported Sunday. Sources told Reuters the multi-year transaction will consist of three portions from fiscal 2018 …

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June 13 Market Close: GovCon Index and Major Indices All Close Up

The Executive Mosaic GovCon Index closed up for the fifth consecutive day with a mix of service providers and platform companies leading the pack. Technology stocks rebounded from a two-day slump, what Bloomberg called the worst slide of the year. During the course of the day, the Dow Jones Industrial Average hit …

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