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June 29 Market Close: Greece Default Fears Sink GovCon Index, US Stocks

GovConIndexDOWN

The GovCon Index mirrored across-the-board losses in U.S. markets Monday with a decline of 2.386 percent to 74.333 on a day that saw the possibility of default by Greece on a repayment to the International Monetary Fund loom over trading activity. Greece closed down its banking system and Standard & Poor’s puts the ...

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Wyle Laboratories to Help Japan, US Navy Plan Sea-Based Tests

Wyle logo

Wyle Laboratories has been awarded a $21,619,064 contract to assist the U.S. Navy and Japan through the foreign military sales program in sea test planning and coordination. The company will provide engineering analysis, systems engineering and test support for the Naval Air Warfare Center Weapons Division Sea Range and Pacific ...

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Parsons Gets $69M Contract to Support DIA Missile, Space Intell Center

Parsons

Parsons‘ government services business has received a five-year, $68.8 million contract from the Defense Intelligence Agency for scientific and technical support to the Missile and Space Intelligence Center. The Defense Department said Friday the company will perform work under the indefinite-delivery/indefinite-quantity contract at Redstone Arsenal in Alabama through June 25, 2020. DIA ...

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June 29 Morning Report: GovCon Index Down on Friday’s Close

GovConIndexDOWN

The GovCon Index closed at 75.917on Friday, shedding 0.114 points for a fourth straight day of loss. The Dow Jones Industrial Average gained 56.66 points to 17,947.02, the Standard & Poor’s 500 composite index fell 0.70 points to 2,101.61 and the Nasdaq composite index lost 31.68 points to 5,080.50. Top Percentage Gainers   Company   $ Stock Price   $ Change ...

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June 26 Market Close: GovCon Index Continues Slide, US Stocks Mixed

GovConIndexDOWN

The GovCon Index continued its run of declines to a fourth consecutive day Friday with a loss of 0.114 points and closing figure of 75.917. A 4-percent rise in Nike shares helped boost the Dow Jones Industrial Average and the Dow’s industrial segment with losses of technology stocks translated to a mixed day for U.S. markets, according ...

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Reuters: Providence Equity Partners Mulls SRA IPO or Sale

acquisition

Providence Equity Partners is looking to either sell or launch an initial public offering of SRA International, which the investment arm believes has a value of approximately $2 billion, Reuters reported Thursday. Mike Stone and Greg Roumeliotis write the private equity firm has partnered with Citigroup to examine the possibility of ...

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Germany to Discuss Missile Order with Lockheed-MBDA Team

MissileDefense

Germany could initially procure 8 to 10 Medium Extended Air Defense Systems from the team of Lockheed Martin (MYSE: LMT) and MBDA for the country’s missile defense system replacement initiative, Reuters reported Thursday. Michelle Martin writes Thomas Homberg, managing director at MBDA, said that upcoming contract discussions would center on ...

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US Air Force Picks 8 Firms for $5B Contingency Logistics Support IDIQ

Logistics

Eight companies have won positions on a potential six-year, $5 billion contract to provide logistics, base life and operations support services on a contingency basis to the U.S. Air Force. The Air Force received 10 proposals for the Air Force Contract Augmentation Program IV indefinite-delivery/indefinite-quantity contract, the Defense Department said Thursday. The military ...

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Former NRO Director Bruce Carlson Elected to Lockheed Board; Marillyn Hewson Comments

Bruce Carlson

Bruce Carlson, who led the U.S. National Reconnaissance Office from 2009 to 2012, will officially join Lockheed Martin (NYSE: LMT) on July 1 as a member of the board of directors. Lockheed said Thursday that Carlson, a retired U.S. Air Force general, will also serve on the board’s nominating and ...

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June 25 Market Close: GovCon Index Down, US Stocks Stutter on Biotech Losses

GovConIndexDOWN

The GovCon Index closed in negative territory for the third consecutive day Thursday with a loss of 0.264 points to end at 76.030. Losses in the transportation and biotechnology sector sent U.S. stocks slightly down Thursday and many investors attributed the trading activity and volume to uncertainty over negotiations between Greece and ...

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