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August 29 Morning Report: GovCon Index Posts Friday, Weekly Loss on Federal Reserve’s Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price stability has strengthened the case for another interest rate hike potentially next …

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August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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Booz Allen to Help JIDA Build, Field IED Countermeasures Under Potential $380M Task Order

BoozAllenLogo

Booz Allen Hamilton (NYSE: BAH) has won a potential five-year, $379.6 million task order from the General Services Administration to develop and deploy technologies for the Joint Improvised-Threat Defeat Agency to counter improvised explosive devices. The Defense Department said Thursday GSA’s Federal Systems Integration and Management Center awarded the task order through the Alliant information …

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ULA to Provide Atlas V Launch Services for NASA’s Mars 2020 Rover

Mars 2020

United Launch Alliance, a joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), will provide Atlas V 541 launch services to NASA for a follow-up rover mission to Mars. NASA said Friday it estimates that the Mars 2020 launch will cost $243 million, including spacecraft and planetary protection processing, rocket integration and tracking, data …

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Lockheed Gets $126M Modification on Navy Submarine Imaging Tech Support Contract

Virginia class submarine

Lockheed Martin (NYSE: LMT) has received a potential one-year, $126.3 million contract modification to provide engineering and system support services for the U.S. Navy’s Integrated Submarine Imaging Systems program. The cost-plus-incentive-fee modification exercises an option on a previously awarded contract and covers development, design, field and reverse engineering and technology insertion …

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Rockwell Collins Wins Potential $93M DLA Contract for Tactical Navigation System Spares

Rockwells Collins logo_GovConWire

Rockwell Collins (NYSE: COL) has won a  five-year, $93 million indefinite-delivery/indefinite-quantity contract to supply spare parts for various tactical navigation systems to the Defense Logistics Agency and the U.S. Army. The Defense Department said Thursday two offers were submitted to the DLA’s land and maritime unit for the contract. Work will occur at Rockwell Collins’ facility …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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Former Parsons Exec Mary Ann Hopkins Joins Arcadis as Executive for the Americas

Mary Ann Hopkins

Mary Ann Hopkins, formerly Parsons federal group president, will join global design and consultancy firm Arcadis to lead that company’s business in North America and Latin America as well as the global water and environment lines. Arcadis said Thursday Hopkins will assume her new role on Sept. 26 and the company’s supervisory board will also …

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