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December 2 Market Close: GovCon Index Inches Up for 4th Straight Positive Week, US Stocks Mixed on November Jobs Beat

GovConIndexUP

Executive Mosaic’s GovCon Index traded higher Friday in a mixed session for U.S. stocks as investors looked at November jobs figures above economists’ expectations and furthered anticipation of an interest rate hike Dec. 14. The GCI ends at its fourth straight weekly advance, while the S&P 500 closed flat Friday …

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Weekly Roundup November 28 – December 2, 2016: CACI’s Jack London, Booz’s ‘2020’ Buy & more

Jack London

November 28 – December 2, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Jack London, executive chairman of CACI International’s board of directors, is an iconic figure to the government contracting and Washington, D.C. business communities. Often referred to as the “founder …

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Huntington Ingalls Launches $1B Govt Services Segment As $380M Camber Buy Closes

Huntington Ingalls HII

Huntington Ingalls Industries (NYSE: HII) has officially launched its new government services business segment upon the completion of the Newport News, Virginia-based military shipbuilder’s $380 million purchase of Camber Corp. announced in November. Huntington Ingalls said Friday the segment will operate under the name of HII Technical Solutions and offer professional services to government and commercial customers worldwide as Camber joins …

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Accenture Closes Defense Point Security Acquisition to Expand Cyber Defense Portfolio

cyberwarfare

Accenture (NYSE: ACN) has completed its purchase of Alexandria, Virginia-based cybersecurity provider Defense Point Security in a push to expand cyber defense services for the U.S. federal government. The global professional services company said Friday DPS will now serve as a wholly-owned subsidiary of Accenture Federal Services. First announced in October, Accenture purchased DPS …

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17 Firms Win Spots on Potential $750M Navy Support Services IDIQ

U.S. Navy

The U.S. Navy has awarded 17 companies positions on a potential five-year, $750 million contract to provide a wide range of support services for the military branch’s operations in U.S. states and Puerto Rico. The indefinite-delivery/indefinite-quantity contract carries a one-year base value of $50 million and work could extend through December …

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GSA Taps W.M. Jordan to Build New NASA Langley Lab; Dave Bowles Comments

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The General Services Administration has awarded W.M. Jordan Co. a $95.6 million contract to build a new research-and-development laboratory at the NASA Langley Research Center in Hampton, Virginia. W.M. Jordan is tasked to complete construction of the Measurement Systems Laboratory by late 2019 as part of Langley’s 20-year revitalization plan, NASA …

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IT Vet David Rubal Joins DLT Solutions as Data & Analytics Chief Technologist

David Rubal

David Rubal, a former vice president at Oracle (NYSE:ORCL), has been named chief technologist for data and analytics at Herndon, Virginia-based government technology services contractor DLT Solutions. DLT said Thursday Rubal will oversee the company’s data analytics, data science, big data and business intelligence portfolio in his new position. Alan Marc Smith, DLT president and …

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Lockheed to Supply France With C-130J Variant Under $133M Contract Modification

LM MC-130J Commando II

Lockheed Martin (NYSE: LMT) has been awarded a four-year, $133.4 million contract modification by the U.S. Air Force to provide a stretch version of the C-130J Super Hercules airlifter to France. Lockheed’s aeronautics business will build C-130J-30 aircraft for the French military at a company facility in Marietta, Georgia, and is scheduled to finish work …

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December 1 Market Close: GovCon Index Flat on Services Stock Declines & Aerospace Gains

GovConIndex

Executive Mosaic’s GovCon Index closed in narrow range Thursday to start the final month of 2016 as sharp declines by government services contractors offset large gains for aerospace stocks in a session that saw U.S. stocks close mixed. GovCon Index decliners outnumbered advancers by a 2-to-1 ratio and five of its 11 S&P 500 stocks …

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Carlyle Group to Sell All Remaining Booz Allen Shares

BoozAllenLogo

Global investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering. Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a secondary offering to close Dec. …

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