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May 27 Market Close: GovCon Index Ends the Week in the Positive

GovConIndexUP

The GovCon Index closed up 0.309 points to 78.504 with CSRA (NYSE: CSRA) rebounding from the previous two days loses to close at 24.88 up 2.94 per cent. Both WTI and Brent crude oil futures slipped for the second. Top GovCon Index Net Gainers Symbol Company $ Current Price Net Change ▴ …

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Weekly Roundup May 23 – May 27 2016: Merger & Acquisition Activity in GovCon Still Active & more

acquisition

May 23 – May 27 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Just when we thought GovCon was on a merger-and-acquisition hiatus, two deals have garnered our attention this week with one that has definitive effects in the public sector and a …

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State Dept OKs Potential $420M F/A-18 Support FMS to Kuwait

Boeing F-18 Super Hornet

The State Department has approved a possible $420 million foreign military sale of F/A-18 C/D support services and spares to Kuwait. The Defense Security Cooperation Agency said Thursday Kuwait’s request covers F/A-18 avionics software and engine component upgrades, ground support equipment, engine and aircraft spares and repair parts, publications and technical documentation, engineering change …

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Proposed $260M F-16 Logistics Foreign Military Sale to Oman Gets State Dept Clearance

F16Fleet

The State Department has approved a $260 million foreign military sale of logistics support services, support and communications equipment, personnel training and spare and repair parts for F-16 units to Oman. The Defense Security Cooperation Agency said Thursday the government of Oman has also requested electronic combat international security assistance, contractor engineer …

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Former Engility Finance Lead Michael Alber Joins KEYW as CFO & EVP

KEYW

KEYW (Nasdaq: KEYW) has appointed Michael Alber, formerly chief financial officer at Engility (NYSE: EGL), as CFO and executive vice president. Alber will bring over three decades’ worth of corporate finance, accounting and administrative experience with federal government contractors. Bill Weber, president and CEO of KEYW, said Alber’s financial operations experience in service- and …

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Doug Davis: Intel to Buy Computer Vision Algorithms Provider Itseez

acquisition

Intel (Nasdaq: INTC) has agreed to purchase Itseez, a developer of computer vision, machine learning and pattern recognition algorithms. Doug Davis, senior vice president and general manager of the Internet of Things group at Intel, wrote in a blog post published Thursday that Itseez will join Intel’s IoT group to develop …

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QTS Appoints Former Carpathia CISO Jon Greaves as CTO; Chad Williams Comments

qts

Jon Greaves, former Carpathia chief information security officer, has been named QTS Realty Trust‘s (NYSE: QTS) new chief technology officer in line with the latter’s efforts to build on its executive leadership. QTS noted Thursday that Greaves will report directly to Chad Williams, QTS chairman and CEO. Greaves held a number of …

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Nicholas Masucci to Step Down as Louis Berger Chairman in July; Jim Stamatis Comments

Nicholas Masucci

Nicholas Masucci, chairman of the board of directors at Louis Berger, will retire from his role at the Morristown, New Jersey-based professional services firm on July 1. Masucci, who cited health issues as the reason for his retirement, will continue to serve as a non-executive board member on a part-time …

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May 26 Market Close: GovCon Index Down Slightly With Mixed Market Results

GovConIndexDOWN

The GovCon Index closed down slightly 0.078 points to 78.195 with armored truck manufacturer Navistar International (NYSE: NAV) and CSRA (NYSE: CSRA) posting the largest percentage loses. CSRA conducted their fourth-quarter and full-year earnings call yesterday after the market close and posted mixed results, as reported in GovCon Wire. U.S. stocks closed …

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Larry Prior: CSRA to Watch for ‘Strategic Opportunities’ From CSC-HPE Deal, Targets $16B in FY 2017 Bids

CSRA

Government technology services contractor CSRA (NYSE: CSRA) will observe the merger of its former parent Computer Sciences Corp. (NYSE: CSC) with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment for any potential opportunities, CSRA CEO Larry Prior told investors Wednesday. Falls Church, Virginia-based CSRA entered the market in November 2015 …

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