Executive Mosaic’s GovCon Index started February on a losing note, ending lower Friday at $4,805.44 (-0.10%) following a fourth daily loss in five trading sessions. The week also saw breakouts of individual constituents and steep losses by defense stocks. The index, which tracks the stock performances of 30 major government contractors, lost -1.83% week-on-week for ..read more

The State Department has approved Israel’s two foreign military sales, or FMS, requests worth about $7.41 billion combined for AGM-114 Hellfire missiles, munitions, guidance kits and related equipment and support services. The Defense Security Cooperation Agency said Friday it has already informed Congress of the proposed FMS deals. Munitions, Guidance Kits & Fuzes Israel requested ..read more

Riverbed Technology has named Michael Croll, an enterprise IT go-to-market executive, as senior vice president of the U.S. federal market. Croll announced his move to the San Francisco-based IT company in a LinkedIn post published Monday. He brings to Riverbed over 25 years of experience developing and implementing go-to-market strategies in data center and cloud ..read more

The U.S. Navy has awarded Rolls-Royce a $167.3 million contract to produce 40 MT7 turboshaft engines, ancillary parts, installation kits and a portable test tool inspection to support the Ship to Shore Connector Program, Landing Craft Air Cushion 100-class landing craft. Contract Specifics The Department of Defense said Friday that if the included options are ..read more

The U.S. Air Force has announced its intent to add another $10 billion to the ceiling value of a potential five-year, $15 billion contract for the development and integration of the Lockheed Martin-built C-130J military transport aircraft. In a Jan. 31 notice published on SAM.gov, the Air Force Life Cycle Management Center’s Mobility Directorate said ..read more

Chenega has appointed Peter Nosek as senior vice president, chief legal officer, and chief ethics and compliance officer. The Alaska native corporation also named Kris Singleton president of its Astraeus Operations subsidiary, according to the executive’s Linkedin post. Astraeus Operations, established in 2021, provides IT, cyber and engineering insights to both federal and commercial clients ..read more

Todd Schroeder, an industry veteran with over 20 years of technology and leadership experience, shared on LinkedIn Saturday that he has been appointed vice president of federal government at Databricks. Who Is Todd Schroeder? Schroeder is a seasoned executive with deep understanding of technology management, information technology upstream and downstream processes, business transformation, technology change management, enterprise ..read more

The U.S. Army has awarded Bowhead Science and Technology a potential three-year, $103.6 million recompete contract to provide turnkey classroom sustainment and technology services for the service branch in support of the Enterprise Classroom Program.  According to an award notice published Friday, ECP is a single-award, indefinite-delivery/indefinite-quantity contract with a 12-month base term and two ..read more

Vehicle software supplier Applied Intuition has acquired autonomy software provider EpiSys Science, also known as EpiSci. The companies said Thursday the move is part of a strategy to position Applied Intuition’s defense business as one of the leading developers of autonomy software for all-domain applications. The acquisition deal will see EpiSci operate as Applied Intuition’s ..read more

The State Department has approved the request of Kuwait to purchase design and construction services and related equipment under the Foreign Military Sales program. The possible transaction is estimated to amount to $1 billion and will cover maritime and land facilities at the Mohammed Al Ahmed Naval Base, the Defense Security Cooperation Agency said Thursday ..read more