Terry Crimmins, formerly vice president and deputy general manager of the electronic systems sector at BAE Systems˜ U.S. subsidiary, has been promoted to president of the sector. BAE said Monday Crimmins succeeds Tom Arseneault, who returned to his full-time post as chief operating officer of the subsidiary –&nbs...
Lockheed Martin (NYSE: LMT) and the Defense Department are still in talks and could finalize by the end of January a new contract worth approximately $9 billion that would reduce the price of the next batch of F-35 fighter jets to under $100 million per aircraft, Reuters reported Thursday. Mike Stone writes sources said the...
BAE Systems has secured a potential two-year, $177.8 million contract modification to build and commission a new nitrocellulose production facility at the Radford Army Ammunition Plant in Virginia. BAE™s ordnance systems business will perform work in Radford, Virginia, through Dec. 31, 2018, the Defense Department said Thursday. The Army Contra...
Executive Mosaic’s GovCon Index tumbled Tuesday on declines from major military shipbuilders and defense technology makers as U.S. stocks traded lower with a 2.28-percent decline by financial shares the main contributor after a three-day weekend for equity markets. GovCon Index laggards outnumbered advancers by an...
Steve Fendley, formerly senior vice president, general manager and chief technology officer of the composite engineering business within Kratos‘ (Nasdaq: KTOS) unmanned systems division, will assume the role of corporate SVP and president of KUSD. The company said Tuesday Fendley will be in charge of programs on tactical unmanned com...
TYSONS CORNER, VA, Jan. 11, 2017 ” The U.S. Navy looks to extend BAE Systems‘ development work on a pulsed power technology for the shipboard electromagnetic railgun weapon system through a contract modification, ExecutiveBiz reported Tuesday. Military & Aerospace Electronics reported Monday the potential sole-source aw...
BAE Systems™ Norfolk, Virginia-based ship repair business has won a potential $79.4 million contract from the U.S. Navy to repair, update and maintain the USS San Antonio. The Defense Department said Friday that BAE Systems Norfolk Ship Repair will provide the facilities and personnel who will perform and coordinate the ship main...
Executive Mosaic’s GovCon Index closed the week slightly higher Friday as the Dow neared the 20.000 mark. The major markets enjoyed a shot in the arm from The Labor Department’s report that 156, 000 new jobs were added in December. Advancers equaled decliners on the day with the GovCon Index closing up 2.0% on the short...
TYSONS CORNER, VA, Jan. 6, 2017 ” The Air Force Research Laboratory has awarded BAE Systems a five-year, $49 million contract to build, implement and maintain security platforms to support information dissemination between government networks, ExecutiveBiz reported Thursday. BAE said Thursday the systems will work to securely transfer...
IMI Systems has secured a potential seven-year, $450 million contract to provide munitions to Israel’s infantry and armor units, Defense News reported Monday. Barbara Opall Rome writes that Israel’s defense ministry said the multiyear procurement effort will help the Israeli armed forces to resupply the country’s inventory of...
