Posts from ExecutiveBiz for 11/21/2016

Cubic FY 2017 Guidance Falls Below Street Outlook, Contractor Expects Defense Order Delay Resolutions

GovCon Index-listed Cubic Corp. (NYSE: CUB) issued earnings and revenue guidance below Wall Street’s consensus outlook for the company’s 2017 fiscal year started Oct. 1 with expectations of delayed orders from the Defense Department to be received over the next 12 months…
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General Dynamics to Split Bath Iron Works, NASSCO Leadership Roles

General Dynamics (NYSE: GD) has promoted a pair of vice presidents within its Bath Iron Works and NASSCO subsidiaries to the roles of president for both organizations as the contractor will divide up its shipyard leadership responsibilities upon the Jan…
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Fitch Ratings: Govt Reimbursements Can Help Address Contractors’ Cash Flow Worries From Pension Liabilities

Fitch Ratings has said U.S. government reimbursements and lower funding requirements can help mitigate cash flow impacts to defense contractors over the next three-to-four years as the companies face large underfunded pension liabilities…
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Air Force Seeks New Cyber & Acquisition Talent for Civilian Workforce

The U.S. Air Force looks to hire new employees with skills on technical aspects by the end of 2017 that include 1,400 cyber and 2,200 acquisition workers for the service branch’s civilian service…
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Rockwell Collins to Establish Depot Capability for Navy Poseidon Radio Parts; Thierry Tosi Comments

Rockwell Collins has received a $27 million contract to establish the depot capability of  the HF-121C communications system and miscellaneous radio components for the U.S. Navy’s P-8A Poseidon aircraft…
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GSA Picks Schooley Caldwell Associates, Hill International for $104M Courthouse Project

The General Services Administration has awarded contracts to Schooley Caldwell Associates and Hill International for a $104 million renovation and construction project on the Thomas W.L. Ashley U.S…
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Natl Academies of Sciences, Engineering & Medicine Lands NASA Space Research Contract

The Washington-based National Academies of Sciences, Engineering and Medicine has secured a potential five-year, $34 million contract from NASA to conduct studies within the domain of the space agency’s science and technology programs…
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Vector Space Systems Raises Funds for Microsatellite Launch Vehicle Development

Vector Space Systems has secured $1.25 million in a seed funding round headed by Space Angels Network to support Vector’s development of commercial launch vehicles for low-Earth orbit microsatellites…
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Gulfstream Receives G550 Aircraft Purchase Order from Poland

Gulfstream Aerospace has received a purchase order for the company’s G550 aircraft from Poland’s national defense ministry for use in the transport of government officials. The General Dynamics subsidiary will configure two G550 for VIP transport and deliver the aircraft in 2017, Gulfstream said Wednesday…
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Bigelow Aerospace Founder Urges Donald Trump to Double NASA’s Budget

Robert Bigelow, founder and president of Bigelow Aerospace, has said President-elect Donald Trump’s administration should implement a twofold increase in NASA’s budget in an effort to support manned missions to the moon and other space exploration efforts, Space News reported Thursday…
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BAE Develops Bendable Titanium Alloy Suspension System for Military Vehicles

BAE Systems has developed a bendable titanium alloy suspension system that the company said has the potential to protect military vehicles from explosive impacts. The suspension system is based on the hard shells and legs of ironclad beetles and the system uses memory metal alloy to “bounce back” into shape after impact, BAE said Sunday…
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