- Defense Security Cooperation
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An RTX business has secured a $212.5 million contract modification from the U.S. Navy to help develop, modernize and maintain mission systems and mission system equipment of Zumwalt-class guided missile destroyers. Raytheon will perform combat system engineering and provide miscellaneous items for the Navy ships over a one-year contract option period, the Department of Defense said Monday.
MoreLast week, GovCon Index recovered from a two-week slump with a rise of 0.13% that brought the average to $4,786.97. GovCon Index is an aggregate index that tracks stock market data from 30 companies with significant influence on the government contracting industry. This information is presented in real time, allowing users to make their own assessments of how these organizations are performing and how the GovCon marketplace is doing overall.
MoreRich Guzzardi has joined Parsons as vice president of contracts for engineered systems, concluding a career spanning over two decades at RTX subsidiary Raytheon, where he most recently served as executive director of operations strategy development and capital. Guzzardi announced his transition to Parsons via LinkedIn.
MoreRTX business Pratt & Whitney has announced a $20 million investment to increase by 40 percent the capacity of its West Palm Beach Engine Center to maintain, repair and overhaul GTF engines. The facility expansion, will result in a 25 percent workforce increase and the addition of new equipment as well as technologies developed at the North American Technology Accelerator, is expected to be completed by the second half of 2025, RTX said Wednesday.
MoreThe U.S. Department of State has approved a request by the Ukrainian government to acquire articles and services related to the sustainment of the HAWK Phase III missile system. The $138 million foreign military sale covers spare parts, test and support equipment, tool kits, missile recertification components, engineering and integration, refurbishment and system overhaul, logistics and program support and contractor technical and field office support, the Defense Security Cooperation Agency said Tuesday.
MoreExecutive Mosaic’s GovCon Index dropped by 1.37% last week, ending with an average of $4,896.02. GovCon Index is an aggregate index that presents real-time data on 30 notable government contracting enterprises. While GovCon Index looks at the individual performance of each organization it follows, it also provides users with a glimpse at the broader trends that characterize the GovCon marketplace today.
MoreCAE has selected Jason Goodfriend to assume the role of interim group president of its Defense & Security business unit. He will succeed Daniel Gelston, who will stay with the company through May 2024 to support the transition, CAE announced from its Montreal, Quebec headquarters on Thursday.
MoreAn RTX subsidiary has secured a $40.6 million contract from the U.S. Navy to enhance the technology readiness of the Controlled, Advanced, Distributed Radio Frequency Effects initiative. The competitively procured contract is in support of the potential integration of CADRE into the Next Generation Jammer program, the Department of Defense said Wednesday.
MoreJames Hursch, director of the Defense Security Cooperation Agency, has joined the list of top government and industry executives who have shown exceptional leadership and dedication to strengthening the federal marketplace. Executive Mosaic recognizes Hursch as an inductee into the 2024 edition of the Wash100 Award for his commitment to advancing U.S. defense and foreign policy interests.
Vote for Hursch as your favorite GovCon leader as part of the 2024 Wash100 popular vote competition! Voting closes on April 30, so visit Wash100.com to cast your ten votes today.
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