Posts from GovCon Daily 10/25/2016

October 25 Market Close: GovCon Index Ends 2-Week Stay Below 80; Lockheed Posts Best Day in 7 Years on Upbeat Guidance

Executive Mosaic’s GovCon Index closed above 80 points Tuesday for the first time in two weeks despite declines in the larger U.S. stock market after Lockheed Martin (NYSE: LMT) posted its best one-day advance in seven years surged on upbeat financial outlooks for this year and 2017 to lead all GCI gainers…
Read More

Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects

Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday…
Read More

DoD Joint Staff Issues Cybersecurity Warning Against Lenovo Computers, Handheld Devices

The Defense Department‘s Joint Staff has warned against the use of equipment such as computers and handheld devices from China-based manufacturer Lenovo due to concerns over cyber spying on Pentagon networks, The Washington Free Beacon reported Monday…
Read More

Deloitte Says Defense Acquisition Program Cost Overruns Hit $468B in 2015; Robin Lineberger Comments

A Deloitte report says the total cost overrun for initiatives under the major defense acquisition program portfolio rose from $295 billion in 2008 to $468 billion in 2015. The consulting firm said Monday the Defense Department’s MDAP portfolio in 2015 recorded a 48…
Read More

ISC Submits Recommendations on Critical Workforce Issues to New Federal CISO; Dan Waddell Comments

ISC has submitted a set of recommendations to the new federal chief information security officer on how to advance the government’s cybersecurity workforce during the upcoming presidential transition…
Read More

Microsoft to Add Riverbed App Performance Mgmt Tools on Azure Govt Cloud; Davis Johnson Comments

Microsoft and Riverbed Technology have partnered to offer government customers access to application performance management tools designed to support information technology modernization and digital transformation efforts…
Read More

John Martinez Receives Executive Mosaic’s Top General Counsel Executives Award

JOHN MARTINEZ VICE PRESIDENT & GENERAL COUNSEL RAYTHEON – INTELLIGENCE, INFORMATION AND SERVICES (IIS) John Martinez is vice president and general counsel for Raytheon’s Intelligence, Information and Services (IIS) business…
Read More

Frank Kendall: DoD Acquisition Programs Cost Growth Hits 30-Year Low

Frank Kendall, defense undersecretary for acquisition, technology and logistics, has said the Defense Department has reached a 30-year low in cost growth on major acquisition programs, Defense One reported Monday…
Read More

Verocel to Supply Safety Computers for FAA Air Navigation Tool

The Federal Aviation Administration has awarded Verocel a $2.8 million contract for 50 safety computers to support an FAA air navigation tool that aims to augment the GPS system. Verocel said Tuesday it will develop, design and build certification evidence and infrastructure software for the computers…
Read More

Sikorsky Unit Named Exclusive Distributor of Arkwin Aircraft Components Outside US, Japan

A subsidiary of Lockheed Martin‘s Sikorsky unit has signed a distribution agreement with Arkwin Industries to exclusively market the latter’s products to international clients starting 2017…
Read More

DARPA Unmanned Vessel Flies TALONS Payload in Demonstration; Scott Littlefield Comments

The Defense Advanced Research Projects Agency has tested a new unmanned vessel off the coast of California with a prototype elevated sensor mast as the vessel’s first payload. DARPA said Monday the technology demonstration vessel sailed with a Towed Airborne Lift of Naval Systems payload onboard for two days with 90 minutes of flight each day as part of the agency’s Anti-Submarine Warfare Continuous Trail Unmanned Vessel program…
Read More

State Dept Approves $75M Exercise Participation Support Sale for UAE

The State Department has approved a potential $75 million foreign military sale of exercise participation support services to the United Arab Emirates. The Defense Security Cooperation Agency said Monday…
Read More