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September 23 Market Close: GovCon Index Rally Halted, Posts Weekly Gain as Energy Weighs on US Stocks

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Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed companies and other large defense platform makers among the drivers of gains as …

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Weekly Roundup September 19 – September 23 2016: KBR Becomes Major Govt Services Player & more

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September 19 – September 23 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson KBR’s expansion move into the U.S. and global government services markets became official on Monday when the Houston-based engineering company closed its $300 million purchase of the business known as …

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General Dynamics to Support 2020 Census Questionnaire Assistance Program Under Potential $430M Contract

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A business unit of General Dynamics (NYSE: GD) has been awarded a potential five-year, $430 million contract to help the U.S. Census Bureau build, test and operate a multichannel contact center to support the 2020 Census Questionnaire Assistance program. General Dynamics Information Technology will also provide its Customer Experience Platform as well as train staff …

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Australia’s Defense Dept Awards $419M Contract to Leidos Subsidiary for IT Products, Services

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Leidos‘ (NYSE: LDOS) Abacus Innovations Australia subsidiary has secured an estimated $418.7 contract from Australia’s defense department to provide computer equipment and accessories as well as centralized processing services to the country’s chief information officer group, ARN reported Friday. Leon Spencer writes the award runs through 2023 and follows an approximately $610 million deal that Lockheed Martin‘s (NYSE: …

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Fairfax County Board OKs General Dynamics Plan for Reston, Virginia HQ Site

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General Dynamics (NYSE: GD) will move to establish a new corporate headquarters on a 21-acre property in Reston, Virginia after the Fairfax County Board of Supervisors approved the aerospace and defense contractor’s development plan. Fairfax County said Thursday that General Dynamics plans to move 175 employees from the current 175,000-square-foot office it leases at Fairview Park in …

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DRS Wins $339M Army Contract to Build Handheld Joint Targeting System

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DRS Technologies has won a potential five-year, $339.3 million contract from the U.S. Army to support the military service’s Joint Effects Targeting System initiative. The Army Contracting Command received two offers for the firm-fixed-price contract and will determine performance location with each order, the Defense Department said Thursday. DRS is scheduled to …

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Torch Technologies Lands $63M Test Provisioning Support Contract With MDA

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Torch Technologies has won a potential five-year, $62.8 million contract to provide advisory and assistance services for the Missile Defense Agency’s test provisioning process. The company will perform engineering support for flight and ground tests, test infrastructure and advance technology under the cost-plus-fixed-fee contract, the Defense Department said Thursday. Work will occur in …

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September 22 Market Close: GovCon Index Extends Post-Fed Rate Decision Gains, KBR Joins GCI After Govt Services Acquisitions

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Executive Mosaic’s GovCon Index rose for a second straight session Thursday to extend gains on the Federal Reserve‘s Wednesday decision to leave interest rates unchanged on a mix of contributions from large defense platform makers and services-oriented contractors. Thursday also represented the GovCon Index’s first day of activity with KBR (NYSE: KBR) …

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