The National Nuclear Security Administration has selected a subsidiary of Honeywell International (NYSE: HON) for the potential 10-year, $2.6 billion contract to help operate and manage Sandia National Laboratories sites located across four states. NNSA said Friday National Technology and Engineering Solutions of Sandia will lead a te...
TYSONS CORNER, VA, Dec. 16, 2016 ” Rebecca Cowen-Hirsch, a senior vice president at Inmarsat, and Rick Lober, a VP and general manager at Hughes Network Systems, were among the executive speakers at the Satellite Industry Association™s Defense Department Commercial SATCOM Workshop, GovCon Executive reported Wednesday. Cowen-...
Executive Mosaic’s GovCon Index turned from neutral to negative territory Wednesday as did the U.S. stock bellwether S&P 500 composite index after the Federal Reserve raised interest rates for only a second time since the 2008 financial crisis. GovCon Index decliners outnumbered gainers by a 9-to-1 ratio as three of its...
The State Department has approved Kuwait’s request to buy equipment and support services for the recapitalization of 218 General Dynamics-built (NYSE: GD) Abrams M1A2 main battle tanks under a potential $1.7 billion foreign military sales agreement with the U.S. government. The Defense Security Cooperation Ag...
TYSONS CORNER, VA, Dec. 13, 2016 ” The U.S. Navy intends to award a sole-source, fixed-price contract to Northrop Grumman (NYSE: NOC) to deliver potentially 40 full-rate production E-2D Advanced Hawkeye aircraft under lots 7 to 11, ExecutiveBiz reported Monday. Northrop will be tasked to provide program and production management, systems a...
Executive Mosaic’s GovCon Index fell 1 percent Monday on a steep by Lockheed Martin‘s (NYSE: LMT) stock at 2 percent as other large defense primes also tumbled after President-elect Donald Trump criticized the F-35 program’s costs in a Twitter post before markets opened. The GovCon Index traded down 2 percent sh...
TYSONS CORNER, VA, Dec. 12, 2016 ” Lockheed Martin (NYSE: LMT) representatives have visited the city of Cheyenne in Wyoming to inspect local resources as the company pursues a U.S. Air Force program to update the country’s ballistic missile system and launch facilities, ExecutiveBiz reported Friday. Wyoming Tribune Eag...
Shares in Lockheed Martin (NYSE: LMT) traded down approximately 5 percent as noon Eastern time approached Monday after President-elect Donald Trump criticized the F-35 Joint Strike Fighter program on Twitter in the early morning hours. “The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and...
Cubic™s (NYSE: CUB) mission solutions division has appointed Jeremiah Madigan, a former group executive director at Aerojet Rocketdyne (NYSE: AJRD), as vice president of secure communications and Robert Peabody, formerly a technical fellow of Northrop Grumman (NYSE: NOC), as systems strategy VP. Cubic said Monday Mandigan will ov...
Executive Mosaic’s GovCon Index advanced Friday to complete its sixth consecutive weekly gain in an extended post-election climb that has seen the GCI hit a series of record high closes. The GCI has risen 14.75 percent over six weeks with the U.S. stock bellwether S&P 500 composite index up 6.26 percent in that time as investors...
