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Tag Archives: weapons

December 16 Market Close: GovCon Index Flat, Snaps 5-Week Gain Streak in Volatile US Stock Trading Session

Executive Mosaic’s GovCon Index swung to negative territory in a volatile afternoon session for U.S. stocks Friday as equities retreated from morning gains after reports surfaced that China’s navy seized a U.S. unmanned underwater drone in the South China Sea. The GovCon Index’s streak of five consecutive weekly gains also ended Friday but …

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Honeywell, Textron Post 2Q Earnings Beats

Honeywell International (NYSE: HON) and Textron (NYSE: TXT) both posted second quarter earnings above analyst expectations before markets opened Friday. The GovCon Index and S&P 500-listed companies were mixed on the revenue front as Honeywell’s increased 2.25 percent from the prior year period but fell short of analyst estimates, while Textron’s …

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FMS Program Head Joe Rixey to Headline Global Weapons Trade Discussion Forum for Potomac Officers Club

The top uniformed officer over the U.S. government’s foreign military sales program will keynote an Aug. 3 breakfast forum hosted by Executive Mosaic’s Potomac Officers Club in Falls Church, Virginia to discuss the global arms trade’s current environment and the role of domestic industry in efforts to help defense agencies support …

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Parsons Receives $455M MDA Systems Engineering Support Contract

Parsons has landed a $455.1 million contract to assist in the Missile Defense Agency’s weapons and missile systems engineering projects. The Defense Department said Thursday the company will help MDA track weapons systems, integrate system and subsystem hardware and software, assess and verify performance and inspect target and countermeasure aspects of …

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MBDA to Develop Precision Strike Missile for UK’s F-35s Under Estimated $585M Deal

MBDA has been awarded an estimated $585 million contract to develop an air-to-surface precision strike missile for the U.K. military’s fleet of F-35 fighter jets. This work is intended to build on the previous assessment phase for the Selective Precision Effects at Range Capability 3 missile, MBDA said Wednesday. Britain’s defense ministry asked its investment …

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State Dept Clears $2B Sale of F-16 Weapons, Logistics Services to Iraq

The State Department has approved Iraq’s request to buy munitions, weapons, related equipment and logistics support services for F-16 fighter jets from the U.S. government under a potential $1.95 billion foreign military sales agreement. The Defense Security Cooperation Agency said Wednesday that Iraq will use the weapons systems and logistics services to support …

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State Dept Approves $130M General Atomics Reaper Weapons Sale to Italy

The State Department has cleared a potential sale to Italy of $129.6 million in weapon systems for integration onto the country’s fleet of General Atomics-built MQ-9 Reaper unmanned aerial vehicles. Italy has requested 164 Hellfire II air-to-surface and captive air training missiles, 30 laser-guided bombs and 142 non-major defense equipment through …

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Defense Microelectronics Activity Increases Engineering IDIQ to $6B

A Defense Department component responsible for microelectronic technologies in weapons systems has awarded a $1, 344, 000, 000 contract modification for engineering services over the next three years. The Defense Microelectronics Activity increased the total Advanced Technology Support Program III contract’s ceiling value from $4, 703, 000, 000 to $6, 047, 000, 000, the …

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Raytheon Wins Potential $316M Standard Missile R&D Contract

Raytheon (NYSE: RTN) has won a potential $316, 538, 398 contract to perform research and development work under the Standard Missile program for the U.S. Navy. The cost-plus-fixed-fee contract includes $75, 914, 110 in base funds and covers other engineering and technical services, the Defense Department said Friday. The Navy is …

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Report: Israel, US Discuss Military Funds Extension

Israel is discussing plans to modernize its defense system with the U.S. and a possible extension of U.S. military funds after the current financing agreement ends in 2018, Bloomberg reported Friday. Gopal Ratnam and Tony Capaccio write Israel wants to acquire new weapons and equipment through the $3.1 billion in …

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