Home / News

News

January 20 Market Close: GovCon Index Inches Gain, US Stocks Pare Advances After Trump Inaugural Speech

Executive Mosaic’s GovCon Index held higher Friday to post a weekly advance on boosts from from blue chip stock McKesson Corp. (NYSE: MCK) and aerospace company Rockwell Collins (NYSE: COL) after a first quarter earnings. U.S. stocks sharply pared their gains after now President Donald Trump’s inaugural speech as uncertainty set in equity markets on uncertainty …

Read More »

Weekly Roundup January 16 – January 20 2017: Trump Transition Is Here, New Wash100 Next Week & more

Weekly Roundup January 16 – January 20 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson All eyes were on Washington today as Donald Trump took the oath of office on Capitol Hill to become the 45th President of the United States and officially …

Read More »

Rockwell Collins Tops Street’s 1Q Earnings Forecast, Govt Sales See 5% Increase

GovCon Index-listed Rockwell Collins (NYSE: COL) reported first quarter earnings above Wall Street analysts’ expectations Friday with help from higher avionics and other aviation-related sales in the Cedar Rapids, Iowa-based aerospace company’s government business. Rockwell Collins said earnings for the October-December period came in at $1.20 per share that excludes $0.10 of costs related …

Read More »

Report: Lockheed, DoD Eye Potential $9B Deal on Next F-35 Batch by End of January

Lockheed Martin (NYSE: LMT) and the Defense Department are still in talks and could finalize by the end of January a new contract worth approximately $9 billion that would reduce the price of the next batch of F-35 fighter jets to under $100 million per aircraft, Reuters reported Thursday. Mike …

Read More »

CSRA Lands $80M Navy Contract for IT Services to OCONUS Naval Enterprise Network

CSRA (NYSE: CSRA) has secured a potential two-year, $80.3 million contract to provide  information technology services for U.S. Navy‘s naval enterprise network outside the continental U.S. The Defense Department said Thursday the indefinite-delivery/indefinite-quantity contract covers continued IT services to support the transition from the ONE-Net system that offers non-classified internet protocol router …

Read More »

Polaris Alpha Targets Cyber, SIGINT Market Expansion Through Intelesys Buy

Polaris Alpha, a portfolio company of investment firm Arlington Capital Partners, has bought cyber, network and software engineering services provider Intelesys for an undisclosed sum in a push to expand presence in the cyber and signals intelligence market. Elkridge, Maryland-based Intelesys works with intelligence community customers to help them fulfill mission critical cyber operations …

Read More »

Army Taps Sig Sauer for $580M Modular Handgun Contract

Sig Sauer has won a potential 10-year, $580.2 million contract to supply the U.S. Army with a new handgun system designed to replace the service branch’s M9 pistol. The Army Contracting Command received nine proposals for the Modular Handgun System contract and expects work to conclude on Jan. 19, 2027, the …

Read More »

Advanced Technology International to Support Navy Composite Manufacturing CoE Under $99M Contract

Advanced Technology International has won a potential five-year, $99 million indefinite-delivery/indefinite-quantity contract to support the U.S. Navy‘s center of excellence for composites manufacturing technology. The Defense Department said Thursday the military branch will concurrently award two task orders worth a combined $350,000 with the IDIQ contract. The service branch obligated fiscal 2016 research, development, test and …

Read More »

BAE Gets $178M Army Contract Modification for Nitrocellulose Facility Construction

BAE Systems has secured a potential two-year, $177.8 million contract modification to build and commission a new nitrocellulose production facility at the Radford Army Ammunition Plant in Virginia. BAE’s ordnance systems business will perform work in Radford, Virginia, through Dec. 31, 2018, the Defense Department said Thursday. The Army Contracting …

Read More »

January 19 Market Close: GovCon Index Lifted by Platform Maker Gains Against Red Majority Ahead of Inauguration

Executive Mosaic’s GovCon Index closed higher Thursday as gains by large defense platform and product makers helped offset declines by a majority of the GCI’s 30 stocks with mid-tier prime contractors and government services providers in red. U.S. stocks traded lower by comparison with real estate the largest drag on equities in the …

Read More »