Northrop Grumman (NYSE: NOC) has secured a potential four-year, $375.6 million contract to produce and deliver nine ground/air task-oriented radar low-rate initial production systems to the U.S. Navy. The Defense Department said Wednesday Northrop’s electronic systems business unit will perform contract work in Ma...
The National Nuclear Security Administration has decided to revoke a potential $5 billion contract NNSA awarded to Nevada Site Science Support and Technologies Corp. earlier this week on grounds that NVS3T did not inform the agency it was acquired by Leidos Holdings (NYSE: LDOS) as part of the latter’s merger with ...
Executive Mosaic’s GovCon Index snapped a five-day losing streak Monday on advances by mid- and large-tier defense contractors as gains by financial shares led Wall Street to end its three-day stretch of declines. GovCon Index gainers outnumbered laggers by a roughly 3-to-1 ratio and nine of the GCI’s 11 S&P 500-listed...
A subsidiary of Lockheed Martin (NYSE: LMT) has won a potential 10-year, $5 billion contract to help the National Nuclear Security Administration manage and operate the Nevada National Security Site. NNSA said Friday it chose Lockheed subsidiary Nevada Site Science Support and Technologies Corp.‘s proposal for the follow-on NNSS M&am...
The U.S. Army has awarded Northrop Grumman (NYSE: NOC) a potential $73 million contract to provide tactical support services for the military branch’s air and missile defense planning and control system. Northrop will perform engineering and technical services under the cost-plus-fixed-fee contract through Sept. 2...
Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price sta...
Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s clos...
August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued ̶...
TYSONS CORNER, VA, Aug. 26, 2016 ” Northrop Grumman (NYSE: NOC) has donated a Bat multi-mission unmanned aircraft system and associated equipment to Northland Community & Technical College in efforts to expand UAS operations in the Red River Valley in North Dakota and Minnesota, GovCon Executive reported Thursday. NCTC&n...
Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered lagger...
