Al Whitmore, former senior vice president of the global solutions division at General Dynamics‘ (NYSE: GD) information technology business unit, has been named president of intelligence and security sector at BAE Systems‘ U.S. subsidiary in a move that takes effect Oct. 16. He will lead BAE Systems Inc.‘ I&S sector he...
Michael Fallon, U.K. defense minister, will introduce a potential $1.33 billion framework to provide support services and maintain the British navy™s fleet of aircraft carriers, amphibious ships, frigates and other warships. The U.K. government™s Common Support Model aims to consolidate support contracts into a single structure to speed up...
The Executive Mosaic GovCon Index (GCI) continued its strong performance gaining 0.115 percent, setting another record mark of 108.585 with advancing shares slightly outpacing declining 17 to 13. The markets continued their positive direction, once again reaching new record highs as car manufacturing reported the best month ...
TYSONS CORNER, VA, Oct. 3, 2017 ” BAE Systems has teamed with Cranfield University in the U.K. to develop a conceptual hybrid unmanned aerial vehicle that could shift between rotary-wing and fixed-wing modes and work with different launch and recovery settings, ExecutiveBiz reported Monday. The company said Friday the Adaptable UAV&nb...
The Executive Mosaic GovCon Index (GCI) continued its strong performance gaining 1.144 percent to set a new high of 108.47 with advancing shares outpacing declining 28 to 2. The markets started off the fourth quarter on a strong note with all three major indices reaching new record highs. The S&P500 was up 0.39 percent to 2,5...
BAE Systems‘ land and armaments business will provide Mk 38 Mod 3 machine gun systems and associated spares to the U.S. Navy under a potential $121.5 million contract. The Defense Department said Friday the Naval Surface Warfare Center will obligate $32,787,486 at the time of award from fiscal 2015 and 2017 Navy weapons procurement; ...
The Executive Mosaic GovCon Index (GCI) closed down 0.186 percent to 106.906. Declining shares outpaced advancing 3 to 1. The major indices showed modest movement on the day as investors attempt to understand the implications of President Trump’s tax plan. The S&P500 increase was enough to set a new record closing ...
BAE Systems‘ information and electronic systems integration unit has received a $64.5 million contract to design, develop, manufacture and sustain an armament tester system for the U.S. Air Force‘s bomber aircraft fleet. The Defense Department said Wednesday the contractor will support the engineering and manufacturing developm...
The Executive Mosaic GovCon Index (GCI) reached a new high closing up 0.805 percent to 107.295. Advancing shares outpaced declining 3 to 1. The major indices moved upward on speculation that President Trump’s tax-cut plan could become a reality by year end. The S&P500 closed up 0.41 percent to 2,507.04,&n...
TYSONS CORNER, VA, Sept. 27, 2017 ” BAE Systems aims to establish a digital shipyard in Australia to support the construction of nine anti-submarine warfare ships for the country’s navy as part of the company’s bid for the SEA 5000 Future Frigate contract, ExecutiveBiz reported Monday. The company said Thurs...
