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February 24 Market Close: GovCon Index Up, Records 4th Straight Weekly Gain

Executive Mosaic’s GovCon Index closed higher Friday to end its fourth straight weekly gain as investors eyed defense stocks after President Donald Trump repeated his election campaign pledge to build up the military during a speech in Washington. U.S. equities also posted narrow gains and the benchmark S&P 500 composite index ended the …

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Weekly Roundup February 21 – February 24 2017: STG Starts Next Chapter w/ Intell-Focused Buy & more

Weekly Roundup February 21 – February 24 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson STG Group announced the next step in its journey as a publicly-traded government contractor this week with its first acquisition since the company started to offer its shares …

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BEYA STEM Conference Recognizes Seven Mitre Employees

TYSONS CORNER, VA, Feb. 24, 2017 —Seven Mitre employees received recognition for their professional achievements at the 2017 Becoming Everything You Are Awards’, GovCon Executive reported Thursday. “MITRE is honored to have seven talented employees recognized by at the 31st Annual Conference Awards,” said Julie Gravallese, a vice president and chief human resources …

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MacDonald Dettwiler to Purchase DigitalGlobe in $3.6B Deal

Canada-based communications services company MacDonald, Dettwiler and Associates has agreed to acquire Earth imaging services provider DigitalGlobe (NYSE: DGI) in an estimated $3.6 billion transaction to expand MDA’s footprint in the global satellite imagery market. MDA said Friday it will pay $2.4 billion in cash-and-stock for DigitalGlobe — $17.50 in cash and one-third of an MDA …

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UK-France Team Taps MBDA for $183M Air-Launched Missile Upgrade Contract

MBDA has received a potential $183 million contract from the U.K. and France to update the two countries’ air-launched missile systems. The contract covers modernization work on the Royal Air Force’s Storm Shadow and France’s SCALP missiles, the U.K. government said in a news release published Wednesday. Harriett Baldwin, British defense …

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ERAPSCO Secures $65M Navy Sonobuoy Production Funds

ERAPSCO, a joint venture between Ultra Electronics and Sparton (NYSE: SPA), has been awarded $64.6 million in contract funds to continue manufacturing sonobuoys for the U.S. Navy. The Ultra Electronics USSI and Sparton De Leon Springs businesses will respectively receive $29.3 million and $35.3 million subcontracts as part of the GFY17 ERAPSCO indefinite-delivery, indefinite-quantity contract, …

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TransDigm Buys Takata’s Aerospace & Defense Businesses for $90M

Cleveland-based aerospace components maker TransDigm Group (NYSE: TDG) has purchased Takata Corp.’s aerospace and defense businesses as well as related assets and liabilities for approximately $90 million cash. TransDigm said Wednesday the transaction covers Takata’s Schroth Safety Products and Takata Protection Systems businesses. Both businesses will operate under the name Schroth and focus on the design and …

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5 Firms Win Spots on Navy Chief of Information HQ Support Contract

The U.S. Navy has awarded five companies positions on a five-year, $42.6 million indefinite-delivery/indefinite-quantity contract to provide support services to the military branch’s chief of information headquarters and its field activities. The Defense Department said Thursday task orders will cover visual information systems and imagery marketing; media relations; public affairs professional and community …

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Navy Taps 4 Companies for ICT Equipment Supply Contracts

The U.S. Navy has selected four companies to supply a range of information communication technology equipment under low-, medium- and high-risk categories. The Defense Department said Thursday Cypher Analytics and CyberCore Technologies each won a potential $47.5 million contract and that both companies can vie for delivery orders under all risk categories. ALOM Technologies …

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February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

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