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Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) ...
Heather Newlin, a GovCon industry executive, has joined federal information technology company NuAxis Innovations as chief delivery officer. NuAxis Innovations CEO Raza Latif announced Newlin’s appointment in a LinkedIn post published Wednesday. “With Heather’s extensive experience in service delivery and her expertise in leading m...
The Department of State has approved the government of Iraq’s request to buy from the U.S. government C-172 and AC/RC-208 aircraft contractor logistics support, training and related equipment through a potential $140 million foreign military sales agreement. Northrop Grumman (NYSE: NOC) will serve as the principal contractor in the FMS transac...
Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from thei...
NASA has awarded Intuitive Machines, Lunar Outpost and Venturi Astrolab positions on a potential $4.6 billion contract to develop a lunar terrain vehicle for the space agency’s Artemis moon exploration program. The agency said Wednesday it plans to procure the LTV as a service from industry through the Lunar Terrain Vehicle Services program, a mil...
A General Dynamics (NYSE: GD) business and Northrop Grumman (NYSE: NOC) have won positions on a potential five-year, $3.05 billion contract to provide medium caliber training cartridges for the U.S. Army. Army Contracting Command received two bids for the cost-plus-fixed-fee, fixed-price contract through an online solicitation and will obligate fund...
The U.S. Space Force’s Space Systems Command has released a solicitation to seek additional launch providers as part of the second on-ramping process to the fourth iteration of the Orbital Services Program. OSP-4 is a potential $986 million indefinite-delivery/indefinite-quantity contract with an ordering period that will run through October 2...
Erin Kocourek, an aerospace and defense industry executive, has been appointed vice president of business development for the national security and innovative systems sector at CACI International. She announced her move to CACI in a LinkedIn post published Monday. Kocourek brings to the role her enterprise leadership experience, P&L expertise, k...
Executive Mosaic is proud to name Northrop Grumman Chairman, CEO and President Kathy Warden to its 2024 Wash100 list for her strategic, growth-oriented leadership strategy and her keen attention to military innovation. This is Warden’s ninth year appearing on the Wash100 list, placing her in the top echelon of all-time Wash100 recipients. Gov...
Northrop Grumman (NYSE: NOC) has secured a potential four-year, $123.2 million contract to sustain an electronic warfare tool designed to counter radio-controlled improvised explosive devices for the U.S. Navy, Air Force and government of Australia. The contract covers engineering and sustainment support, other direct costs and provisioned item orde...
