Raytheon Vet David Trulio Joins Lockheed’s Intl Arm in VP Role; John Rood Comments David Trulio, former director of operations at Raytheon (NYSE: RTN) international sales organization, has been appointed vice president for international government affairs and operations and regional executive for Latin America at Lockheed Martin‘s (NYSE: LMT) overseas business… Read More Honeywell, Inmarsat Form Military Satellite...
SpaceX Narrows Focus of Investigation Into Root Cause of Falcon 9 Pad Explosion SpaceX noted that it has discovered a way to replicate the conditions of the helium tank when a Falcon 9 rocket exploded Sept. 1 as part of ongoing work to determine the root cause of the incident, Space News reported Friday… Read More Former...
Army Taps L-3 for Potential $500M Data Link, Satcom Services Contract L-3 Communications (NYSE: LLL) has secured a potential five-year, $500 million contract to provide common data link and satellite communications support services to the U.S. Army. The cost-plus-fixed-fee contract will run through Oct… Read More Northrop Awarded $190M Army Hunter UAS Logistics Support Extension Northrop Grumman (NYSE:...
Jeff DeTroye: FAA Can Perform Space Situational Awareness Work at Sub-$100M Budget The Federal Aviation Administration believes that it can provide collision warnings for most U.S. Air Force satellites with a budget of under $100 million if the agency will be authorized to do so, Space News reported Wednesday… Read More Rep. Duncan Hunter Urges...
Cognosante Eyes Public Health IT Sector Expansion Through BITS Purchase Cognosante has purchased Business Information Technology Solutions for an undisclosed sum in a push to expand the former’s presence in the public health information technology sector. BITS will operate as a subsidiary and Founder and CEO Dan McQuay will continue to lead the business under the new...
L-3 Signals More Acquisitions This Year, CACI & Raytheon Pivot to Organic Growth Focus Differing acquisition strategies among government services contractors and defense primes became a main discussion topic analysts raised in earnings calls Thursday morning with three GovCon companies that stated financial results… Read More Harris, Capstone Vet Richard White Joins Space Systems Loral as US Govt Lead...
NOAA Issues Funds for Weather, Water Hazard Forecasting Tech Transfer; John Cortinas Comments The National Oceanic and Atmospheric Administration has invested $6 million in a technology transfer initiative to obtain scientific and technological systems from government and academia. NOAA said Monday it will apply the new systems across the National Weather Service in an effort to...
Raytheon Lifts Guidance as 3Q Earnings Top Street; L-3’s 2017 Outlook Below Analyst Consensus GovCon Index– and S&P 500-listed defense contractors Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) lifted full-year earnings per share and revenue guidance before markets opened Thursday with third quarter EPS above Wall Street’s expectations for both companies… Read More Engility...
Northrop CEO Details Cost Reduction Focus of Customers & Industry After GAO Bomber Contract Review Goes Public Northrop Grumman (NYSE: NOC) CEO Wes Bush described to investors Wednesday the aerospace and defense contractor’s moves to focus on affordability and make corporate-level investments to take costs out of programs such as the B-21 bomber in response to slower-growing...
Bob Kipps: Large GovCon Players Return to Organic Growth in Year of ‘Non-Traditional’ M&A Buyers For the government technology services sector, the third quarter was strong and a step up from the prior years’ flat or shrinking activity throughout the industry, according to Bob Kipps, managing director at Tysons Corner-based aerospace and defense investment bank KippsDeSanto &...
