The GovCon Index closed Friday with a 0.435-point decline to 78.356 and posted a loss of 1.97 percent for the week to record a third consecutive trading day in the negative and break the Index’s four-week streak of gains. GCI’s performance comes as the Federal Reserve indicated that the upcoming referendum v...
BAE Systems has secured a $53.4 million contract from the U.S. Navy to plan and execute depot-level maintenance and modifications on the USS Russell (DDG 59) destroyer. The Defense Department said Monday the fiscal 2016 selected restricted availability work will be performed at BAE’s San Diego shipyard through February 2017...
The State Department has approved Australia™s request to procure a suite of Standard Missile-2 Block IIIB missiles and related equipment from the U.S. government under a potential $301 million foreign military sales agreement between both countries. Raytheon (NYSE: RTN) and BAE Systems will serve as principal contractors in&...
The State Department has approved a $260 million foreign military sale of logistics support services, support and communications equipment, personnel training and spare and repair parts for F-16 units to Oman. The Defense Security Cooperation Agency said Thursday the government of Oman has also requested electronic combat international se...
TYSONS CORNER, VA, May 19, 2016 ” BAE Systems has tapped Computer Sciences Corp. (NYSE: CSC) to provide information technology services support for the former’s operations in the U.K. and Saudi Arabia under a $600 million contract, ExecutiveBiz reported Wednesday. CSC said Tuesday the IT outsourcing deal covers contact...
TYSONS CORNER, VA, May 17, 2016 ” A BAE Systems report indicates that the cyber heist on Bangladesh Bank’s account with the Federal Reserve Bank of New York is linked to the 2014 hacking of Sony Pictures Entertainment, ExecutiveBiz reported Monday. Reuters reported Friday that BAE Systems found a similarity in the malware used f...
TYSONS CORNER, VA, April 22, 2016 ” Exostar has said BAE Systems, Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) have committed to deploy its updated risk management service for defense contractors, ExecutiveBiz reported Thursday. The update includes a questionnaire that works to help contractors cover all the...
TYSONS CORNER, VA, April 20, 2016 ” BAE Systems, Fincantieri or Navantia has the potential to produce new frigates for the Australian navy under a $27 billion program, ExecutiveBiz reported Tuesday. Defense News reported Monday the Australian defense ministry will choose from the three companies to begin work on the frigates in 2020 i...
BAE Systems™ land and armaments business has received a potential $109.7 million contract modification to produce 36 M88A2 Heavy Equipment Recovery Combat Utility Lift and Evacuation System vehicles for the U.S. Army. The company will perform work in York, Pennsylvania, through Aug. 31, 2018, under the contract modification that also covers aut...
TYSONS CORNER, VA, April 11, 2016 ” Lockheed Martin (NYSE: LMT) has tapped BAE Systems to build three engineering and training facilities at the Marham air base in the U.K. under a $166.3 million subcontract, ExecutiveBiz reported Friday. BAE said Thursday the construction project is part of preparations for the delivery of the f...
