News

DRS Lands Orders for Surveillance Suite, Submarine Combat Systems

TYSONS CORNER, VA April 10, 2015 — Executive Mosaic — GovCon Wire reported Thursday on DRS Technologies winning three new orders to provide surveillance and submarine electronic equipment to assist in U.S. and Canadian armed forces modernization efforts. The Finmeccanica company said Wednesday one of the deals is an eight-year contract from General Dynamics to produce long-range surveillance […]

Gene Colabatistto: CAE Nets $176M Worth of Contracts in Q4 2014

TYSONS CORNER, VA April 10, 2015 — Executive Mosaic — CAE recorded $176 million worth of flight simulator and training support contracts in its fourth quarter of 2014, GovCon Wire reported Thursday. CAE said Wednesday the deals include training systems deliveries to the U.S., Australian and Italian air force, and equipment upgrades, support services and […]

Richard Montoni: Acentia Buy Adds Growth Platforms for Maximus’ Fed Portfolio

TYSONS CORNER, VA April 8, 2015 — Executive Mosaic — GovCon Wire reported Tuesday on Maximus completing its all-cash purchase of information technology services provider Acentia on April 1. The company said Monday it will detail updates to its earnings guidance in light of the $300 million acquisition and present them at its quarterly report […]

General Dynamics Secures $610M Construction Funds for DDG 122 Destroyer

TYSONS CORNER, VA April 6, 2015 — Executive Mosaic — The U.S. Navy has awarded General Dynamics Bath Iron Works $610 million in construction funds for the Arleigh Burke-class DDG 122 destroyer, GovCon Wire reported Thursday. Fred Harris, president of Bath Iron Works, said the funding award represents an appreciation of the company’s participation in […]

Austal, Lockheed Receive Additional Littoral Ship Contracts

TYSONS CORNER, VA April 6, 2015 — Executive Mosaic — GovCon Wire reported Thursday on Austal USA and Lockheed Martin receiving contract modifications for each to build two more littoral combat ships for the U.S. Navy. The award includes $691 million for a pair of Austal warships and $362 million for one Lockheed LCS, USNI News reported […]

USCG Commissions HII for 8th Legend-Class National Security Cutter

TYSONS CORNER, VA April 6, 2015 — Executive Mosaic — GovCon Wire reported Thursday on Huntington Ingalls Industries’ (NYSE: HII) $500 million contract award to build an eighth installment of Legend-class national security cutters for the U.S. Coast Guard. HII said March 31 that HII subsidiary Ingalls Shipbuilding is set to deliver the vessel, dubbed […]