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Tag Archives: textron

Executive Mosaic’s Weekly GovCon Round-Up: $400M+ July Contracts and Top 10 Stories

The Week’s Top GovCon News Stories View this email in your browser Weekly Roundup July 9 – July 13, 2018 Click here to see Real-Time GovCon Sector Quotes   Executive Mosaic’s Weekly GovCon Round-Up:  $400M+ July Contracts & Top 10 Stories Jim Garrettson, Executive Mosaic CEO Who Says Summer is Slow? $400M+ …

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Boeing-Bell JV Gets $4.2B Contract Modification to Build Tiltrotor Aircraft for US Military, Japan

A joint venture of Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has been awarded a potential $4.19 billion contract modification to produce different variants of the V-22 tiltrotor aircraft for three U.S. military services and the Japanese government. Bell-Boeing Joint Project Office will provide 39 CMV-22B units to the U.S. Navy, …

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Textron’s AAI Subsidiary to Continue SOCOM UAS ISR Services Under $120M IDIQ

AAI, a subsidiary of Textron (NYSE: TXT) subsidiary, has received a potential $120 million contract to continue providing intelligence, surveillance and reconnaissance support for the  U.S. Special Operations Command‘s mid-endurance unmanned aircraft systems. SOCOM awarded the sole-source contract for AAI to provide worldwide support until all of the command’s operational sites complete transition to …

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Bell-Boeing JPO Gets $103M Navy Order Modification for Osprey Parts Repair

A joint venture of Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell Helicopter  subsidiary has received a $102.8 million modification under a U.S. Navy delivery order to repair V-22 Osprey parts. The modification brings the potential value of Bell Boeing Joint Project Office‘s contract for aircraft parts repair to $344.2 million, the …

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Neil Albert Named ACT I President; Michael Niggel Comments

Neil Albert, formerly president and CEO of McLean, Virginia-based professional services contractor MCR, has joined Advanced Concepts and Technologies International as president. Albert will be responsible for the Arlington, Virginia-based government acquisition support services provider’s business development, growth strategy and financial performance in his new role, ACT I said Tuesday. ACT I …

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Report: Defense Companies Plan Capital Expenditures Amid Rise in DoD Contracts

Some contractors have expressed plans to increase their investments in production capacity and facilities in fiscal year 2018 and in the next few years as the Defense Department starts to ramp up contract obligations, USNI News reported Wednesday. Jason Aiken, chief financial officer at General Dynamics (NYSE: GD), told analysts …

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October 30th Morning Report: GovCon Index Down For The Week, Stock Market Up

The Executive Mosaic GovCon Index (GCI) closed Friday down 1.62 points or 1.47 percent from Monday’s open, settling at 108.162. McKesson Corp. was down 5.52 percent for the day at Friday’s close. The three major indices all advanced Friday with the S&P500 and NASDAQ Composite reaching new highs. The S&P500 closed up 0.81 …

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October 27th Market Close: GovConIndex Closes Down as S&P500 and NASDAQ Composite Set New Highs

The Executive Mosaic GovCon Index (GCI) continued to drop for the fifth consecutive day to close at 108.162 off 0.03 percent with the McKesson Corp. down 5.52 percent on the day. Advancing shares outpaced declining 2 to 1. The three major indices all advanced for the day with the S&P500 and NASDAQ Composite …

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October 24th Market Close: GovConIndex Closes Down and Major Indices Close Up

The Executive Mosaic GovCon Index (GCI) continued its second day of downward direction to close at 109.620 off 0.007 percent with advancing and declining shares evenly split. The three major indices all advanced for the day as the DJIA set new record highs. Investors responded positively to encouraging earnings reports. The S&P500 closed up …

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State Dept OKs $575M UH-1Y Helicopter Sale to Czech Republic

The State Department has cleared Czech Republic’s request to buy 12 UH-1Y utility helicopters and related equipment and services from the U.S. government under a potential $575 million foreign military sales agreement. Textron’s (NYSE: TXT) Bell Helicopter subsidiary and General Electric (NYSE: GE) will act as principal contractors in the proposed FMS transaction …

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