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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Exelis and L-3 Communications‘ platform integration unit have teamed to develop electronic countermeasures designed to integrate with special operations tanker aircraft for the U.S. Air Force. The companies aim to offer an electronic self-protection technology for integration into AC/MC-130J Commando II planes of the Air Force’s special operations command through the partnership, Exelis said Tuesday. […] More
Visiongain forecasts that the global cybersecurity market will reach a value of $75.4 billion by the end of 2015 due to continued cyber issues and legislation and investment activity focused on cyber capabilities. The company said Tuesday its latest report on the market covers an analysis of cybersecurity growth through 2025 across the network, data, endpoint, application, cloud security, identity management and […] More
New analysis from Research and Markets expects the cybersecurity market in Asia Pacific to achieve a 15.15 percent compound annual growth rate from 2014 through 2019 due to increased demand for cloud-based security services in the region. The report noted the surge in tablet and laptop use as a major market driver. “With the rising need to integrate networks with mobile […] More
Research and Markets has released a new report that foresees growing terrorist activities will spur the global surveillance market for hazard protection to a compound annual growth rate of 16.1 percent from 2014 through 2019. The market analyst said Monday surveillance systems, protection equipment and decontamination services are tools to prevent hazards. Research and Markets also attributed those […] More
A new TechNavio report projects the global aerospace and defense telemetry market to witness a 2.57 percent compound annual growth rate from 2014 through 2019. The report indicates that a surge in aerospace research and development activities would propel the market to the projected year-over-year growth, Reportlinker said Thursday. TechNavio sees the market facing particular challenge […] More
A Transparency Market Research report predicts global demand for counterterrorism and cybersecurity equipment will trigger a 5.6 percent compound yearly growth in the homeland security market over the next five years. The value of the HS market is projected to grow from almost $246 billion in 2014 to approximately $364 billion by 2020, the research […] More
Kris Hekking assumed his current role as division chief financial officer for Dell‘s federal government solutions business in 2013. He is a certified public accountant with two decades of experience in mergers and acquisitions, GovCon compliance, financial systems implementation, public accounting, SOX/internal controls, and financial planning, modeling and assessment. Prior to Dell, Hekking was director of accounting and […] More
Raytheon has been awarded a 27-month, $15.5 million contract to develop an open architecture for the U.S. Navy’s P-8A Poseidon maritime patrol aircraft. The company will produce application-based systems for airborne commercial-off-the-shelf computing, services-oriented architecture and infrastructure, and software-based mission applications, Raytheon said Feb. 17. “The goal is to use readily available technology to quickly upgrade […] More
A new Research and Markets report forecasts the U.S. military expenditure to reach $597 billion by 2020 from $560 billion in 2015, driven by the government’s efforts to retain military dominance through weapons modernization. The market analysis sets a 0.51 percent compound annual growth rate for U.S. military spending over the forecast period, noting that expenditure declined by […] More
The Northrop Grumman-led team of contractors in a competition to build a new trainer jet for the Air Force will offer a new airplane design for the $1 billion program, Aviation Week reported Friday. Amy Butler writes Northrop’s Scaled Composites subsidiary will work on the design for the intended T-38 replacement jet and aims to conduct the first flight […] More
A new NanoMarkets report predicts that the radiation detection device market will reach a value of $1.92 billion for domestic security applications and $868 million for military applications by 2020. The company said Jan. 5 that the military and security sectors are the fastest-growing markets for radiation detection devices due to an increase in terrorist activity and demand […] More
Lockheed Martin has deployed its Skunk Works Enterprise Open Systems Architecture to integrate multiple sensors that are compliant with the U.S. Air Force‘s Open Mission Systems standard into the U-2 reconnaissance aircraft. The company said Dec. 10 that the three-week flight test series utilized Lockheed’s mission management software, an IP-based data link and four OMS-compliant sensor payloads to perform mission operations. Rob Weiss, […] More
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