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July 29 Market Close: GovCon Index Holds in Neutral, Ends July in Green

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Executive Mosaic’s GovCon Index remained stuck in neutral range for a second consecutive session Friday as investors continued to gauge second quarter earnings reports from government contractors with additional statements due next week. The GovCon Index nudged down 0.065 points to 82.248, which puts the GCI at respective gains of 0.460 points for the …

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Weekly Roundup July 25 – July 29 2016: Defense Tech Makers Show Life in 2Q Earnings & more

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July 25 – July 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A new earnings season continued to dominate investors’ attention spans this week and those with keen interests in the aerospace, defense and government contracting sectors were no exception. Eleven contractors …

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Former L-3 NSS Exec Lexi Alexander Joins ASRC Federal as BD Lead; Mark Gray Comments

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Lexi Alexander, a former senior vice president at L-3 Communications (NYSE: LLL), has joined Beltsville, Maryland-based government engineering and technical services contractor ASRC Federal as SVP of business development and corporate strategy. ASRC Federal said Thursday the two-decade contracting sector veteran will focus on organic growth in her new role and be …

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Tetra Tech to Provide Navy Environmental Action Services Under $200M Contract

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Tetra Tech (Nasdaq: TTEK) has won a potential five-year, $200 million contract to provide environmental action services at U.S. Navy and U.S. Marine Corps installations as well as at various facilities across the Naval Facilities Engineering Command’s Atlantic area of responsibility. The indefinite-delivery/indefinite-quantity contract will run through July 2021 and covers the NAVFAC Mid-Atlantic North Integrated …

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Northrop Awarded $164M to Configure Hawkeye Early-Warning Aircraft for Japan

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Northrop Grumman (NYSE: NOC) has received a potential $164 million contract modification to provide one E-2D Advanced Hawkeye configured aircraft to Japan under the foreign military sales program. The Defense Department said Thursday Northrop’s military aircraft systems business will perform work through March 2018 at various locations across the continental U.S. The Navy obligated …

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Chenega Lands $146M Contract for NASA Kennedy Center Security Services

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A Chenega Corp. subsidiary has been awarded a potential five-year, $146.3 million contract to provide security, emergency management and protective services to NASA‘s Kennedy Space Center in Florida. Chenega Infinity will help NASA manage physical security systems, access procedures, 911 dispatch activities and firefighting, aircraft rescue and life support operations at KSC, the space …

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General Dynamics Secures $167M MK84 Bomb Components Contract

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The U.S. Army has awarded General Dynamics (NYSE: GD) a potential $167.4 million to supply MK84-4 tritonal-filled general purpose bomb components to the U.S. Air Force. The Defense Department said Thursday General Dynamics’ ordnance and tactical systems business unit will perform work in Garland, Texas through March 31, 2019. The Army Contracting Command obligated $83.7 million at the time of …

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Navy Awards Lockheed Potential $68M IDIQ to Update MH-60R Radar Systems

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Lockheed Martin (NYSE: LMT) has secured a $67.6 million contract to engineer, manufacture and deliver automatic radar periscope detection and discrimination multi-mode radar kits to the U.S. Navy. The Defense Department said Thursday Lockheed’s mission systems and training business unit will produce up to 103 AN/APS-153(V)1 radar kits for integration into the service branch’s fleet …

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Army Picks 7 Companies for $135M Tech R&D Support IDIQ

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Seven companies have won positions on a potential five-year, $135 million contract to provide technology research and development support to the U.S. Army. The Army Contracting Command awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive acquisition process with 19 proposals received, the Defense Department said Thursday. The service branch expects …

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