BAE Systems‘ U.S. subsidiary and DRS Technologies have won separate multiyear contracts worth $384 million and $337.7 million, respectively, to provide crew-served weapon sights systems to the U.S. Army. The military branch received three bids for the procurement program and will provide funds and performance locations...
DRS Technologies has won a potential five-year, $339.3 million contract from the U.S. Army to support the military service’s Joint Effects Targeting System initiative. The Army Contracting Command received two offers for the firm-fixed-price contract and will determine performance location with each order, the Defense Department said...
BAE Systems Chief Operating Officer Charles Woodburn will assume responsibility for the British contractor’s defense operations and cybersecurity subsidiary in the U.K. ahead of CEO Ian King’s anticipated retirement in 2017, Reuters reported Wednesday. Sarah Young writes a BAE spokeswoman told Reuters the company has informed employ...
Boeing (NYSE: BA) has raised concerns about a decision of Denmark to choose the Lockheed Martin-built (NYSE: LMT) F-35 over the former’s F/A-18 to serve as the next fighter aircraft platform for the Danish military, the Wall Street Journal reported Thursday. Robert Wall and Doug Cameron write that Denmark’s defense ministry sa...
Executive Mosaic’s GovCon Index closed down slightly after significant market swings the past three days. Declining shares outpaced advancing 23 to 6. Market closed mixed with DJIA and S&P500 down and the NASDAQ tech stocks up on the day. Investor are still cautious ahead of next week’s Fed meeting and the potential of incr...
TYSONS CORNER, VA, Sept. 8, 2016 ” BAE Systems has partnered with the Cyber Security Challenge UK organization and the U.K. government’s communications center to hold a cyber forensics competition that simulates a scenario in which a fictional payment application website gets attacked, ExecutiveBiz reported Wednesday. BAE&n...
TYSONS CORNER, VA, Sept. 7, 2016 ” BAE Systems will form a team with Raytheon (NYSE: RTN), Daronmont Technologies and RCR Resolve FM to compete for a potential $765 million contract to modernize the radar network that supports the Australian army’s aerial and maritime surveillance efforts, ExecutiveBiz said Tues...
Executive Mosaic’s GovCon Index continued its pre Labor Day rise with another positive close to 82.015. Energy companies lead U.S. stocks higher Tuesday in hopes for an agreement among oil producing countries that could limit production and send crude prices and company profits higher. GovCon Index gainers outnumbered laggers by a roughly...
Executive Mosaic’s GovCon Index posted a gain of 0.508 percent or 0.412 points Friday to close at 81.565 and end a three-day losing streak as investors bet against the possibility of an interest rate hike in September. The Index also registered a weekly gain with S&P 500-listed Northrop Grumman (NYSE: NOC) as ...
TYSONS CORNER, VA, Sept. 2, 2016 ” BAE Systems has entered into an agreement with the government of Australia for the company to update its Type 26 Global Combat Ship in response to requirements set in the Australian naval force’s SEA 5000 Future Frigate program, ExecutiveBiz reported Thursday. BAE said Thursday i...
