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September 1 Market Close: GovCon Index Plunges 3%, Traders Up Interest Rate Hike Odds

GovConIndexDOWN

The GovCon Index tumbled 2.78 percent to 70.118 in a reflection of continued concern in U.S. markets Tuesday about a slowdown in China’s economy and potential effects on economies worldwide. All 30 stocks recorded declines Tuesday and the Index has approached correction territory for the second time in a week. The Index ...

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Northrop Team to Bid for Australian Military Satcom Contract

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TYSONS CORNER, VA September 1, 2015 — Northrop Grumman (NYSE: NOC) has announced a joint bid team with ViaSat and Optus for Australia’s military satellite communications program, ExecutiveBiz reported Monday. Northrop said it will offer a network management system compatible to the Wideband Global SATCOM system put to use by ...

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CSC US Gov’t Services Unit, SRA to Merge; Mike Lawrie Comments

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Falls Church, Va.-based Computer Sciences Corp. (NYSE: CSC) has agreed to merge its U.S. government services unit with SRA International as part of its plans to spin off the unit. The companies said Monday they expect to close the merger in November upon completion of the Computer Sciences Government Service’s separation from and shareholders ...

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Calibre Buys IMC’s Health, Defense IT Consulting Businesses

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Calibre Systems has bought Information Management Consultants‘ business groups that work with health and life sciences organizations as well as defense and government agencies to manage data systems. The companies did not disclose the terms of the deal and Calibre will integrate the acquired businesses into a single information management consulting division ...

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Lockheed Gets $431M Navy Supply Contract for F-35 Spares, Support Tools

F35

Lockheed Martin’s (NYSE: LMT) aeronautics business has received a potential seven-year, $430.9 million contract to provide the U.S. Navy with non-air vehicle spares and support tools for the preliminary production of F-35 Lightning II aircraft for domestic and international military clients. The cost-plus-incentive-fee contract also covers simulators, supply chain management, software and hardware ...

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Navistar Defense to Produce Medium Tactical Vehicles for Afghanistan

Navistar Defense

Navistar Defense LLC has been selected to supply medium tactical vehicles for Afghanistan under a $368,932,767 foreign military sales contract with the U.S. Army. The Lisle, Illinois-based company will produce the 2,293 vehicles at facilities in Mississippi, Tennessee, Wisconsin, Ohio and Pennsylvania through Nov. 30, 2019, the Defense Department said ...

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Northrop Unit to Integrate Components of Navy’s EOD Robot Increment 1

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A Northrop Grumman (NYSE: NOC) business unit will provide procurement and integration support to the U.S. Navy under a $14.1 million contract for the Advanced Explosive Ordnance Disposal Robotic System dismounted operations variant. The Defense Department said Monday Northrop Grumman Systems will procure and integrate AEODRS Increment 1 components such as the communications link, handheld operator ...

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Raytheon Lands $175M Qatar Air, Missile Defense Operations Contract

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Raytheon (NYSE: RTN) has received a $175,081,326 contract from the U.S. Air Force to install Qatar’s air and missile defense operations center through a foreign military sales program. The award represents the second phase of the contract and Raytheon will also work to integrate air and missile systems into the center, ...

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August 31 Market Close: GovCon Index, US Stocks Fall on Interest Rate Timing Concerns

GovConIndexDOWN

The GovCon Index ended the most turbulent month in its nearly one year of existence Monday with a decline of 1.174 percent to 72.126. The Index has tumbled 5.18 percent from its July 31 close of 76.069 and is down 6.6 percent from its high of 77.223 from Aug. 17. U.S. investors continue to show concern over ...

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Barbara Humpton Appointed CEO for Siemens’ Federal Arm; Judy Marks to Join Dresser-Rand

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Barbara Humpton, executive vice president and chief operating officer for Siemens‘ U.S. federal government subsidiary — Siemens Government Technologies — has been appointed president and CEO of the business in a move that takes effect Oct. 1. SGT said Monday Judy Marks, CEO of the subsidiary since its 2011 launch, will transition into an executive vice president role at the ...

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