On Nov. 26th, United Technologies announced its move to split the company into three separate businesses following the completion of the $30B Rockwell Collins acquisition on Nov. 23rd. The move will combine UTC’s Pratt & Whitney and United Technologies Aerospace Systems with Rockwell Collins to form Collins Aerospace Systems. The …
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Weekly Roundup April 9 – April 13, 2018 Click here to see Real-Time GovCon Sector Quotes GDIT Adds Former CSRA Execs, More Industry Executive Moves & Wash100 Update Jim Garrettson, Executive Mosaic CEO This week, General Dynamics Information Technology added five former CSRA executives to its leadership, following the April 3rd completion of its $9.7 billion purchase of …
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TYSONS CORNER, VA, April 11, 2018 — Lockheed Martin (NYSE: LMT) has announced that General Electric (NYSE: GE), United Technologies Corp. (NYSE: UTX) and Triumph Aerostructures will help on its proposed offering for the U.S. Navy’s MQ-25 carrier-based aerial tanker drone program, ExecutiveBiz reported Tuesday. GE and United Technologies will respectively provide …
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Weekly Roundup December 18 – December 22 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This month there was a significant amount of year-end contract activity in the GovCon marketplace. Foreign nations announced their intent to purchase military vehicles and the …
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Lockheed Martin Corp. ‘s (LMT) business unit, Aeronautics, won a $19.8 million contract modification for work on the F-35 aircraft memory system and panoramic cockpit display. This will help recover diminishing manufacturing sources projected under the 15th Lot production of the F-35 aircraft, reports Nasdaq.com. Forty percent of the contracted …
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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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The State Department has approved Qatar’s request to buy 72 Boeing (NYSE: BA) F-15 aircraft, weapons, related support, equipment and training services under a potential $21.1 billion foreign military sales agreement. The Defense Security Cooperation Agency said Thursday the agreement aims to support political stability and economic growth in the Persian Gulf region, as …
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Aerojet Rocketdyne (NYSE: AJRD) will combine its six business units into defense and space organizations as part of a corporate reorganization effort. The company said Monday the future senior vice presidents of Aerojet Rocketdyne Inc.‘s defense and space businesses will report directly to Eileen Drake, president and CEO of Aerojet Rocketdyne Holdings. …
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United Technologies Corp.‘s (NYSE: UTX) Pratt and Whitney business unit has secured a potential $64 million contract modification from the U.S. Air Force for F119 engine sustainment services. The Defense Department said Wednesday the Air Force Life Cycle Management Center will obligate $48 million from fiscal 2016 operations and maintenance funds. …
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The GovCon Index soared 1.396 percent to 77.998 Wednesday on a series of pre-market earnings reports from several large defense prime contractors as Boeing (NYSE: BA) overcame an early morning decline to close in positive. GovCon Wire posted a summary of all six GovCon Index-related earnings figures plus that of United Technologies Corp. (NYSE: UTX) …
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