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April 24 Market Close: GovCon Index Dips, Tech Earnings News Lifts US Stocks

GovConIndexDOWN

The GovCon Index fell for the second consecutive day Friday to close down 0.238 points at 75.901 and end the week with a 1.16 percent gain from the previous five-day trading period. Corporate financial reports from Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG) and Amazon.com (NASDAQ: AMZN) helped send U.S. markets into nominal positive territory despite continued concern ...

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Edward Sayadian: Exelis Targets UAS Safety with Symphony ‘Sense-And-Avoid’ Suite

Edward Sayadian

TYSONS CORNER, VA April 24, 2015 — Executive Mosaic — ExecutiveBiz reported Thursday on Exelis’ (NYSE: XLS) rollout of Symphony RangeVue with “sense and avoid” alerting technology built for unmanned aerial system operators. The Symphony suite uses geofencing tools to provide map, weather and surveillance information for field or test ...

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Serco’s US Arm Lands Navy Cost, Engineering Analysis IDIQ; Dan Allen Comments

Dan Allen

Serco Inc. will continue to perform cost and engineering analyses on the U.S. Navy’s projects under a $20 million contract. The British contractor’s North American subsidiary will work with the Navy, Army, Air Force and Defense Department to negotiate for lower-pricedweapons systems and parts under the Price Fighters program, Serco said Friday. “As a ...

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BAE to Examine Potential US IT Services Division Sale

Bae systems logo_ExecutiveBiz

BAE Systems Plc is exploring a potential sale of the British defense contractor’s U.S.-based manpower and services division, which provides information technology support services to U.S. government agencies. BAE said Friday a group of external advisers will help perform a strategic review of the business as it has “generated external interest and a number of enquiries.” The manpower and services division is a ...

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Windstream Lands 9-Year Contract for GSA’s Green Buildings Initiative

Windstream

Windstream will provide telecommunications services to the General Services Administration under a nine-year contract in support of a green building initiative run by GSA’s Public Buildings Service organization. The company said Wednesday the contract covers enterprise network services to more than 1,000 GSA-owned facilities and properties. “We are excited to continue our strong relationship with the ...

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John Shannon Appointed Boeing Space Launch System VP, Program Manager

John Shannon

John Shannon, formerly Boeing’s (NYSE: BA) International Space Station program manager, has been named vice president and program manager for the company’s space launch system. He succeeds retiring Virginia Barnes, Boeing said Thursday. Shannon previously served as deputy associate administrator for NASA’s exploration planning in the human exploration and operations ...

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Ellen Tauscher Elected to BAE’s US Board; Roberth Fitch, Linda Hudson, Kenneth Minihan End Terms

Bae systems logo_ExecutiveBiz

Ellen Tauscher, a former congressinoal representative and a financial sector veteran, has joined the board of directors of BAE Systems Inc. — the British contractor’s U.S. subsidiary. She begins her three-year term at the company on Friday, BAE said Thursday. “Her insight and advice on the many important issues confronting the defense industry ...

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April 23 Market Close: GovCon Index Stalls, Earnings Drive US Stocks Up

GovConIndexDOWN

The GovCon Index dipped into negative territory Thursday to close down 0.103 points at 76.139. Investors reacted positively to financial reports from blue chip technology stocks such as IBM (NYSE: IBM) and Caterpillar (NYSE: CAT) after stocks traded lower in the morning session, according to CNBC. The Dow Jones Industrial Average gained 20.42 points to 18,059.69, the S&P ...

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