Posts from GovConWire for 01/27/2015

BAE Systems, Information Systems Labs to Develop Naval Target Systems

BAE Systems Information Solutions and Information Systems Laboratories have each won contracts totaling $45 million to develop intelligence exploitation and targeting systems for the U.S. Navy. The companies will also work to field the prototypes and maintain deployed systems, the Defense Department saidMonday…

DeEtte Gray: BAE to Continue Systems Integration Support for Navy

BAE Systems will provide lifecycle engineering and technical support for the U.S. Navy‘s on-shore and at-sea communication and combat systems under a five-year contract potentially worth $146.7 million…

Heather Crofford Named VP, CFO of Northrop Unit; Ken Bedingfield Comments

Heather Crofford, formerly business management director for the cyber division of Northrop Grumman‘s (NYSE: NOC) information systems business, will serve as vice president and chief financial officer of the enterprise shared services unit beginning March 9…

Marc Parent: CAE Eyes Flight Training Program Expansion with Purchase of Bombardier Unit

CAE (NYSE: CAE) has agreed to buy the military aviation training business of Bombardier for approximately $15.9 million in an effort to further help defense customers train future airmen. The Bombardier unit works with the Royal Canadian Air Force and allied forces as a prime contractor in the NATO Flying Training in Canada platform, CAE said Monday…

January 26 Market Close: GovCon Index Dips, US Stocks Flat

The GovCon Index held relatively level alongside a largely flat U.S. stock market to record a nominal loss of 0.110 points — or 0.152 percent — and close at 74.447 on Monday. Traders considered the results from Greece’s national election that saw an anti-austerity party win 149 out of a 300 possible seats in that country’s parliament and a coming winter storm for the East Coast, according to CNBC…

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