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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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The Department of State has approved a potential foreign military sale of WCU-33/B High-Speed Anti-Radiation Missile Control Section Modification upgrade kits to the United Arab Emirates. The transaction has an estimated cost of $144 million and covers 149 units of the HCSM upgrade kits, the loan of telemetry kits — which include encryption devices, support […] More
Maxar Intelligence has launched its first two high-resolution Earth imagery and mapping satellites with solar arrays onboard a SpaceX Falcon rocket from Vandenberg Space Force Base in California. The company said Thursday the satellites deployed their solar arrays after launch and began receiving and transmitting signals, indicating that the spacecraft perform well in space where […] More
Boeing‘s T-7A Red Hawk program completed in February a new software flight control law, one of three milestones that the trainer aircraft development effort has recently achieved. Boeing said Monday that following the flight control law’s development, the T-7A underwent over 10 test flights that saw the aircraft reach high angles of attack. In three […] More

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.

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Last 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.

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RTX 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.

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The 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.

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Executive 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.

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James 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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