Posts from GovConWire for 02/09/2017

Thomas Kennedy, Raytheon CEO, Chosen to 2017 Wash100 for Cyber Market Pursuit Leadership

Executive Mosaic is glad to announce Raytheon Chairman and CEO Thomas Kennedy as the latest inductee into the 2017 Wash 100 — Executive Mosaic’s annual selection of the government contracting arena’s most influential voices…
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Tom Romeo, Maximus Federal GM, Named to 2017 Wash100 for Digital Tech & Citizen Service Delivery Leadership

Executive Mosaic is honored to announce Tom Romeo, general manager of the federal services segment at Maximus, as an inductee into the 2017 edition of the Wash100 — Executive Mosaic’s annual selection of influential leaders in the government contracting arena…
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Orbital ATK Lands Potential $119M Army Tank Round Development, Production Contract

Orbital ATK (NYSE: OA) has secured a potential $119 million contract to help the U.S. Army develop 120-millimeter ammunition for the Abrams Main Battle Tank. The company said Wednesday it will support the development and qualification of the service branch’s Advanced Multi-Purpose round over a 30-month period under the contract’s base term valued at $45 million…
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Leonardo’s DRS Subsidiary to Lead New Air Force Trainer Contract Pursuit Team

Italy-based defense and aerospace conglomerate Leonardo has designated its U.S. subsidiary DRS as prime contractor for an industry team that will bid on the U.S. Air Force‘s T-X fighter pilot trainer contract…
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Bell Helicopter Lands $423M Navy Contract Modification for Lot 14 AH-1Z Production

Textron’s (NYSE: TXT) Bell Helicopter subsidiary has received a potential three-year, $423 million contract modification from the U.S. Navy to produce and deliver 25 lot 14 AH-1Z aircraft in support of the U…
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Raytheon, Utilidata Forge Strategic Alliance to Help Boost Power Grid Security; Dave Wajsgras Comments

Raytheon and Utilidata have formed a strategic alliance with the goal to help power utilities defend, detect and respond to cyber threats as well as bolster power grid security and incident response capacity…
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Boeing Plans New Defense Business Unit in India

Boeing plans to establish a defense business unit in India as part of the aircraft manufacturer’s expansion efforts in the country, The Economic Times reported Wednesday. The report said Pratyush Kumar, president of Boeing’s India-based operations, will lead the Boeing Defence India business…
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Lawmakers Request CBO Cost Estimates for 355-Ship Navy Plan

Lawmakers have asked the Congressional Budget Office to develop cost estimates for the U.S. Navy‘s plan to grow its fleet size to 355 ships, USNI News reported Tuesday. Rep. Rob Wittman (R-Virginia) said at an Amphibious Warship Industrial Base Coalition event that CBO will provide scenarios on how to achieve a 355-ship Navy fleet over the next 15 to 30 years, Megan Eckstein wrote…
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CBO: Federal Budget Deficit at $159B After 4 Months of FY 2017

A new Congressional Budget Office report shows that federal budget shortfall hit $159 billion after the first four months of fiscal 2017, approximately $1 billion lower than the figure recorded for the same period in fiscal 2016…
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VIDEO: Tern SideArm Capture System Tests & Concept Video

SideArm is part of DARPA’s individual investment in Phase 1 research for Tern, a joint program between DARPA and the U.S. Navy’s Office of Naval Research (ONR). Now that demonstration of the capture system is complete, DARPA is working to identify potential transition partners and exploring using SideArm with other UAS platforms…
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February 8 Market Close: GovCon Index Lower on Services Stock Declines, US Stocks in Narrow Range

Executive Mosaic’s GovCon Index traded lower Wednesday on declines by services-oriented contractors as U.S. stocks traded in narrow range with financial shares the main laggards and crude oil prices again a focal point of investor attention…
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