TYSONS CORNER, VA, March 28, 2016 ” Raytheon (NYSE: RTN) will refurbish an electronic warfare payload for the Boeing-built (NYSE: BA) Conventional Air-Launched Cruise Missile under a $4.8 million contract from the U.S. Air Force, ExecutiveBiz reported Thursday. Raytheon Missile Systems Ktech will update the Counter-Electroni...
Eric Strafel, a former vice president in the military aircraft business at Boeing (NYSE:BA), will transition into a new role as president and CEO of the airplane maker’s supply chain management services subsidiary Aviall., the companies said Friday. Dallas-based Aviall provides new aviation parts and other aftermarket services t...
The State Department has cleared a potential $3.2 billion foreign military sales agreement for the U.K. to procure Boeing-built (NYSE: BA) P-8A maritime surveillance planes and related equipment and support services from the U.S. The U.K. ordered nine Poseidons in an effort to supplement patrol and reconnaissance missions of the British mi...
Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) have secured contracts worth $130.3 million combined to help reduce radar risks for the U.S. Air Force‘s Joint Surveillance Target Attack Radar System Recapitalization program. The service branch awarded $70.3 million to Northrop’s systems business and $60 mil...
Boeing (NYSE:BA) has landed a $184.9 million contract from the U.S. Army for the full-rate production of Lot 7 AH-64 Apache helicopters. The Army Contracting Command awarded the contract through a solicitation with one bid received, the Defense Department said Monday. The full obligated amount is from fiscal 2016 “othe...
The GovCon Index posted its fourth consecutive gain Monday by a narrow 0.074 points to 75.415 in a reversal from a sharp fall in mid-morning trade as oil prices rose and both technology and biotech stocks helped the major U.S. indices hold in positive at the close. Utility and material shares lagged on the S&P 500 composite...
Boeing (NYSE: BA) has appointed four executives to its newly formed regional leadership team that will be responsible for the aerospace and defense contractor’s operations in Europe. Marc Allen, president of Boeing’s international segment, said Thursday the initiative will enable appointees to make decisions on a...
Boeing (NYSE: BA) has secured a potential $897 million contract modification to build and deliver to the U.S. Army a total of 39 CH-47F Chinook helicopters under production lot 14. The multiyear contract covers 12 new-build Chinooks and 27 renew helicopters, the Defense Department said Tuesday. The Boeing-built CH-47F Chinook is a vertical-lift heli...
TYSONS CORNER, VA, March 14, 2016 ” The Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) joint venture United Launch Alliance has assigned $134 million toward the development of the Vulcan rocket in an effort to be independent from the Russian RD-180 engine, ExecutiveBiz reported Friday. Space News reported Thursday&nb...
The GovCon Index failed to turnaround declines incurred during morning trade Monday and ended at a loss of 0.237 points to 73.743 as U.S. stocks hovered in and out of positive territory throughout the afternoon session. Investors have turned their attention to the Federal Reserve‘s two-day meeting Wednesday and Thursday wit...
