Jim Chilton, vice president of strategic missiles and defense systems at Boeing (NYSE: BA), has been promoted to president of the aerospace and defense contractor’sĂÂ network and space systems business in a move that takes effect Oct. 21. BoeingĂÂ said ThursdayĂÂ theĂÂ 32-year company veteranĂÂ will succeedĂÂ Craig Cooning, who ha...
The State Department has given Japan the go-ahead to purchase the Boeing-built (NYSE: BA) KC-46A Pegasus tanker aircraft and related support from the U.S. government under a potential $1.9 billion foreign military sales agreement. Japan asked to procure four KC-46A aerial refueling planes equipped with Raytheon-made (NYSE: RTN) A...
Lockheed Martin (NYSE: LMT) has received a potential $395 million contract modification to build the ninth and 10th Global Positioning System III space vehicles for the U.S. Air Force. The Air Force exercised an option in a previously awarded GPS III production contract and obligated $373.4 million for the modification from the military branch&...
Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in December. All of the GovCon...
The U.S. Air Force has awarded Al Raha Group for Technical Services a $355.9 million firm-fixed-price contract to provide integrated support services to Saudi Arabia’s fleet of Strike Eagle fighter aircraft. RGTS will also manage unclassified aircraft spares and support equipment as well as support base standups...
Raytheon (NYSE: RTN) has received a $63 million order to produce and deliver 18 AN/APG-79 active electronically scanned array radars for the U.S. Navy ‘s F/A-18E/F Super Hornet and EA-18G Growler jets. The Defense Department said Thursday that Raytheon will also supply two AN/APG-79 AESA r...
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...
Boeing‘s (NYSE: BA) defense, space and security segment has received a potential $700 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force for the production of lots 12 to 14 Small Diameter Bomb Increment 1 weapons and carriage systems. The Defense Department said Thursday the sole-sour...
Executive Mosaic’s GovCon Index reversed it’s Friday closing position with a significant advance to 80.727, up 1.13 percent. All thrifty stock in the index advanced. Fed Governor Lael Brainard addressing The Chicago Council on Global Affairs “counsels prudence in the removal of policy accommodation.” Markets move t...
Executive Mosaic’s GovCon Index closed down sharply to reach a two month low. The Index retreated back to levels not seen since early July with all thirty companies declining. Markets responded to intensified fears that the Federal Reserve could finally pull the trigger on raising rates after a nearly ten month hiatus. Companies have bene...
