Home / News / Weekly Roundup Aug 24 – Aug 28 2015: GovCon Index Mirrors US Markets’ Wild Ride & more

Weekly Roundup Aug 24 – Aug 28 2015: GovCon Index Mirrors US Markets’ Wild Ride & more

Weekly Roundup
Aug 24 – Aug 28 2015

A Note From Our President & Founder Jim Garrettson

The world has been captivated over the last 10 days by the frenzied selloff in global stock markets then subsequent rebound over the past two days and government contractors were not immune to that volatility.

Executive Mosaic’s GovCon Index — our composite stock index of 30 large contractors — mirrored the six-day drop in U.S. markets between Aug. 18 and Aug. 25 that was triggered mainly by investor concerns over an economic slowdown in China but also over a possible U.S. interest rate hike in September and a plunge in oil prices.

For its part, the GovCon Index fell 9.9 percent over those six days and its Tuesday closereflected concerns over global growth that spurred a large sell-off in the last hour of trading then.

The Index rebounded 4.59 percent over Wednesday and Thursday as investors grew confident that the Federal Reserve would not raise interest rates in September meeting from data that showed U.S. gross domestic product expanded in the second quarter at a pace that beat initial estimates.

Please bookmark GovConIndex.com and check periodically each day to follow the industry’s performance on Wall Street and to track your individual company or stock’s movements.

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Time is running out to reserve your seat at the Potomac Officers Club‘s next “CIO Speaker Series” event Sept. 2, which will feature Army acquisition chief Heidi Shyu as the keynote.

Shyu holds the title of assistant secretary for acquisition, logistics and technology and acts as the Army’s acquisition executive, senior procurement executive, science adviser to the branch’s secretary and serves as the Army’s senior research and development official.

Chris Hamm, head of the General Services Administration’s Federal Systems Integration and Management Center, is scheduled to speak on Sept. 24.

Additionally, we are looking forward to the POC’s 2015 Cybersecurity Summit on Oct. 15 with Navy Adm. Michael Rogers, head of the National Security Agency and Cyber Command, lined up as the headline speaker.

Click here to sign up for these events and view POC’s full calendar.

THIS WEEK’S TOP NEWS STORIES

Army Picks Oshkosh for $7B Joint Light Tactical Vehicle Contract
The Wisconsin-based military truck maker wins the highly-anticipated program to replace Humvees for the Army.
Carlyle to Purchase Analytics Provider Novetta Solutions From Arlington Capital
Arlington Capital formed Novetta in 2012 out of a merger between its White Oak Technologies portfolio company and FGM.
William Weber to Become KEYW President, CEO in October
The 25-year professional services veteran joins the Maryland-based company from XLA, where he served as president and COO for three years.
Charlie Bengston Promoted to Lead ASRC Federal’s Engineering, Aerospace Solutions Group
Bengston is a 17-year company veteran and will hold the title of president.
Raytheon Gets Extension for O&M Services at NASA Facilities; Dave Wajsgras Comments
The company will continue its work at the Johnson Space Center’s Neutral Buoyancy Lab and Space Vehicle Mockup Facility.
Leidos Lands $450M Transportation Security IDIQ; Sam Gordy Comments
TSA selects Leidos to help deploy security technologies at airports and other travel hubs in the East region.
Systek, Savantage Added to $461M Army IDIQ for Program Mgmt Services
Eleven companies in total will now vie for orders to support the Army’s program executive office for enterprise information systems and related organizations.
CSC Wins FAA Cloud Services Contract
Amazon Web Services, Microsoft, EMC and Equinix will act as partners with CSC for the 10-year single-award, task order-based contract.
Dan Bennewitz: QTS-Vion Team to Offer Public Cloud Services in Govt Market
The companies will provide public and hybrid cloud service offerings to public sector agencies.
DoD Picks FlexTech Alliance to Build New Flexible Hybrid Electronics Manufacturing Innovation Institute
The FlexTech team consists of 162 companies, nonprofits, universities and independent research organizations.
Guest Post: Jack London on How to Overcome Crisis w/ Character
CACI’s executive chairman offers 10 tips on how a person can rely on their character to help them through difficult situations.
Deltek’s John Slye: OMB’s Cybersecurity Guidance Could Have Cost Implications for Industry
Slye offers two possible scenarios for how agencies and contractors could be financially affected by OMB’s framework.
Pentagon Releases Interim Rule for Network Attack Reports by Defense Contractors
The rule sets a timeline for when and how to report incidents and details procedures for when contractors acquire cloud services.
OMB: House Appropriations Bills Would Trigger $2B in Non-Defense Spending Reductions
White House budget head Shaun Donovan describes the potential effects in a report for the administration and Congress.
CBO Lowers FY 2015 Deficit Projection to $426B
The Congressional Budget Office cuts its forecast by $60 billion from the previous estimate the agency released in March.

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