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February 12 Market Close: GovCon Index US Stocks Ride Oil Rally to End Losing Streaks

GovConIndexUP

The GovCon Index rebounded on oil price recoveries and investor confidence Friday at a gain of 0.547 points to 69.294 but remain below the 70-point barrier for a second consecutive close. The Index posted a loss of 2 percent for the week and is down 10.62 percent from the start …

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Weekly Roundup Feb. 8 – Feb. 12 2016: Three 2016 Wash100 CEOs Whose Firms ‘Beat The Street’ & more

market analysis

Feb. 8 – Feb. 12 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Many reasons have been put forth as to why global financial markets continue to be in turmoil but this week showed there may be no end in sight to this period …

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Dynetics-Radiance Team to Build Build NASA Space Launch System’s Core Stage; David King Comments

Space Launch System

A team comprising Dynetics and Radiance Technologies team has been selected to build the core stage Pathfinder vehicle for NASA’s Space Launch System under a delivery order awarded through a potential five-year, $350 million contract vehicle. Team technical lead Dynetics said Thursday the companies will work to fabricate, assemble and …

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Oshkosh to Continue JLTV Work, Federal Claims Court Denies Lockheed’s Injunction Request

JLTV

Oshkosh Corp. (NYSE: OSK) said Friday it will continue work on the potential $6.75 billion contract awarded in August 2015 to build the Humvee ground vehicle replacement for the U.S. Army and Marine Corps after a federal claims court denied Lockheed Martin‘s (NYSE: LMT) request for a preliminary injunction. Lockheed …

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ManTech Lands Potential $71M Counter-Terrorism Support Task Order; Daniel Keefe Comments

MantechLogo

ManTech International Corp. (Nasdaq: MANT) has been awarded a potential five-year, $71 million task order to provide advisory, systems engineering and technical services to the Combating Terrorism Technical Support Office. The task order contains a 12-month base period of performance and four 12-month options, ManTech said Friday. Daniel Keefe, president …

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Fluor-Led Team to Provide DOE Radioactive Cleanup Support Under $1.4B Contract

Fluor

A consortium led by Fluor (NYSE: FLR) has won a five-year, $1.4 billion contract to perform nuclear waste cleanup services at an Energy Department-run complex in the high desert of eastern Idaho. Fluor said Thursday it will help dispose transuranic waste, store used nuclear fuel and manage high-level radioactive materials from the department’s Idaho site that encompasses 890 square miles. “We …

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Assured Enterprises Buys IC, IT Consulting Firm NDAi

acquisition, merger

Assured Enterprises has purchased Virginia-based information technology and intelligence community consulting firm Nova Defense & Aerospace International for an undisclosed sum. Assured Enterprises CEO Stephen Soble said Tuesday the acquisition of NDAi is in line with the company’s efforts to boost its cybersecurity platforms and services intended to protect national critical …

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DLA Orders Weapons Systems Electron Tubes From L-3, CPI

U.S. Navy

L-3 Communications (NYSE: LLL) and Communications and Power Industries have each received a $43.03 million contract to provide weapons systems electron tubes to the Defense Logistics Agency. The companies will manufacture the electron tubes in Pennsylvania and Massachusetts through Feb. 10, 2021, the Defense Department said Thursday. The indefinite-delivery/indefinite-quantity contract …

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AF Picks Reliance Test & Technology for $150M Engineering Support Contract

Air Force

The U.S. Air Force has awarded Reliance Test & Technology a potential two-year, $150.2 million contract to provide engineering, operations, maintenance and technical support services for the 96th Test Wing’s test ranges and related facilities. The service branch awarded the cost-plus-award-fee contract through a competitive procurement with three proposals received, …

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Lockheed Awarded $142M FMS Contract for Greece P-3B Aircraft Upgrade Services

lockheed martin

Lockheed Martin (NYSE: LMT) has received a three-year, $141.9 million foreign military sales contract from the U.S. Navy to perform reactivation and modernization work on P-3B maritime patrol aircraft for Greece. The Defense Department said Thursday that Lockheed’s aeronautics segment will restore one P-3B and obtain hardware kits needed to overhaul …

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