Posts from GovConWire for 10/30/2017

Michael Strianese: L3 Evaluates ‘Strategic Options’ for Vertex Aerospace Business

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017…
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Raytheon Gets $1.5B MDA Follow-On IDIQ to Continue Support for Ballistic Missile Radar Platforms

Raytheon (NYSE: RTN) has received a potential $1.5 billion indefinite-delivery/indefinite-quantity contract to help the Missile Defense Agency operate and maintain two kinds of ballistic missile radar technology…
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Iridium Announces Q3 2017 Govt Services Revenue, Subscribers; Matt Desch Comments

Iridium Communications (Nasdaq: IRDM) recorded $22 million in government service revenue with 95,000 government subscribers during the third quarter of 2017. Iridium said Thursday government data and voice subscribers rose 14 percent to 40,000 during the third quarter ended Sept…
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Report: Defense Firms Explore Space Market Opportunities

Defense contractors such as Lockheed Martin, Northrop Grumman and Boeing have started to step up efforts to compete in the space segment as they see new business opportunities in the market, Space News reported Thursday…
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Executive Spotlight: Interview with Paul Dillahay, CEO of NCI, Inc.

“We’ve organized around the concept of collaboration… it marries well with our idea of bringing commercial best practices to the federal government.” EM: Let’s talk about the merger. Could you share with the readers what has been going on with the new company? How is it going? Paul Dillahay: In the past six weeks or so, I’ve been spending time with my HIG partners…
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General Atomics Invests in UAS Tech Upgrades; Chris Pehrson, Darren Moe Comment

General Atomics has embarked on a project to incorporate automation-based disruptive technology into the Reaper unmanned aircraft system as the company aims to increase the aircraft’s performance, National Defense Magazine reported Friday…
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Former NASA Chief Michael Griffin to be Nominated DoD Acquisition Deputy Undersecretary

President Donald Trump will nominate Michael Griffin, former NASA administrator, as principal deputy defense undersecretary for acquisition, technology and logistics, Reuters reported Saturday. Once confirmed, Griffin is expected to transition to the role of defense undersecretary for research and engineering by February 2018 as part of a reorganization plan the Defense Department announced in August…
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General Dynamics to Supply Iraq Insensitive Munitions, Cartridges Under $93M Army FMS Contract

General Dynamics (NYSE: GD) has received a potential five-year, $93 million foreign military sales contract from the U.S. Army to provide 120mm insensitive munition high-explosives along with tracer tank ammunition cartridges to Iraq…
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DIUx, Tanium Transition Cyber Pilot Program Into $750M Army Contract

The Defense Department‘s Defense Innovation Unit Experimental and cybersecurity firm Tanium have transitioned a pilot project into a potential five-year, $750 million contract with the U.S. Army, Defense News reported Thursday…
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Cubic Defense Segment Awarded Marine Training Support Contract

Cubic‘s global defense segment has received an $11.5 million contract to develop a pre-deployment training program for the U.S. Marine Corps. The  Defense Department said Thursday the Marine Air-Ground Task Force Training Systems Support or MTSS will utilize computer-based simulation to train marines in the areas of command, control, computers, communications, intelligence, surveillance, staff training and reconnaissance…
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Highlights: The Bridge on October 29th – Discussion on Technology Advancement And Interview With Letitia (Tish) Long

On October 29th at 11 am on WJLA; and 6PM on News Channel 8 Jim McCarthy the host of The Bridge was joined by Dan Mindus, Managing Partner, NextGen Venture Partners and Seth Demsey, Co-Founder, 300 Qubits – for a discussion about the advance of technology, and the hopes and concerns accompanying it…
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October 30th Morning Report: GovCon Index Down For The Week, Stock Market Up

The Executive Mosaic GovCon Index (GCI) closed Friday down 1.62 points or 1.47 percent from Monday’s open, settling at 108.162. McKesson Corp. was down 5.52 percent for the day at Friday’s close…
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VIDEO: Blue Angels Perform During San Francisco Fleet Week

The U.S. Navy flight demonstration squadron, the Blue Angels, performs during the San Francisco Fleet Week Air Show, October 2017. The Blue Angels are scheduled to perform more than 60 demonstrations across the U…
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