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October 6 Market Close: GovCon Index Dips as Oil Rises, Dollar Weakens


The GovCon Index struggled for gains Tuesday after a positive open and closed at a decline of 0.357 points to 71.808. U.S. stocks declined after five days of positivity as biotechnology shares declined and investors also responded to the International Monetary Fund’s statement that the organization remain concerned over economies in developing nations, …

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Tom Romeo: Maximus Extends 15-Year ‘Ticket to Work’ Program Support

Tom Romeo

A subsidiary of Maximus (NYSE: MMS) will extend its support for the U.S. Social Security Administration‘s Ticket to Work Program for up to five years under a potential $69.4 million contract. Maximus said Tuesday its federal services arm will provide oversight and process support for program operations such as marketing and outreach, employment network payments and …

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DynCorp Gets $154M Modification to Extend O&M Support to Army in Afghanistan


DynCorp International has received a one-year, $154.3 million modification to a task order under the Logistics Civil Augmentation Program IV contract to continue to provide operations and maintenance support to the U.S. Army Sustainment Command. The company said Monday the task order covers base life support and O&M services in Afghanistan, including facilities …

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Dave Wajsgras: Raytheon Buys Foreground Security to Grow Cyber Services Portfolio

Dave Wajsgras

Raytheon (NYSE: RTN) has bought Foreground Security for an undisclosed sum as part of efforts to expand Raytheon’s footprint in the U.S. and international managed cybersecurity services markets. The Herndon, Virginia-based network defense company has been renamed Raytheon Foreground Security and trained about 85 percent of its 165 employees on …

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Northrop Awarded $203M Air Force Global Hawk Maintenance Contract

northrop Grumman_BLUE

Northrop Grumman has received a one-year, $203,559,738 contract modification to maintain the U.S. Air Force’s fleet of Global Hawk unmanned aircraft. The company will perform planning, operations and maintenance services under the option from a previously-awarded contract, the Defense Department said Friday. Northrop will perform work in San Diego through Sept. …

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Reuters: Lockheed Eyes IT Business Combination with Another US Contractor

acquisition, merger

Lockheed Martin (NYSE: LMT) has begun discussions about a possible combination of its government information technology and technical services businesses with a fellow U.S. contractor, Reuters reported Friday. Mike Stone writes Lockheed is in early-stage talks with Booz Allen Hamilton (NYSE: BAH),  CACI (NYSE: CACI), Leidos (NYSE: LDOS) and Science Applications International Corp. …

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