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May 26 Market Close: GovCon Index, US Stocks Fall After Durable Good Report’s Release

GovConIndexDOWN

The GovCon Index recorded a sharp decline Monday with a loss of 1.184 percent to close at 74.199 on a day that saw Engility Holdings (NYSE: EGL) and Serco Inc. as the only Index companies to end the day in positive territory. U.S. markets traded lower Monday after the Commerce Department said ...

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Ken Asbury: CACI Adds Business Systems Work Through Army IPPS-A Contract

Ken Asbury

CACI International (NYSE: CACI) has received a five-year, $159 million prime contract from the U.S. Army to help the service branch develop and implement the Integrated Personnel and Pay System-Army. The company said Tuesday it will serve as the system integrator for the program, which will work to to standardize and consolidate pay processes and ...

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Daniel Keefe: ManTech to Support Army’s WIN-T Software System

Daniel Keefe

ManTech International (Nasdaq: MANT) has been awarded a potential two-year, $16.2 million task order to support applications for the Warfighter Information Network-Tactical Increment One network. The company said Tuesday it will also provide software lifecycle management services to the communications division at the U.S. Army‘s Software Engineering Center. “WIN-T is ...

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International SOS to Support Defense Health Agency’s TRICARE Overseas Program

International SOS

International SOS‘ government services business will provide healthcare support to the Defense Health Agency for the TRICARE Overseas Program under a one-year, $8.7 million contract. The Defense Department said Friday International SOS will supplement DHA’s efforts to deliver healthcare services at remote overseas military treatment facilities through the end of August 2016. Contract work also ...

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CGI to Repurchase 6M Class A Shares

CGI-logo

CGI Group has announced plans to buy back 5,940,000 shares of the Montreal-based company’s Class A common stock for cancellation from the open market by Feb. 10, 2016. The Toronto Stock Exchange authorized CGI to use a normal course issuer bid strategy to purchase its outstanding shares through private agreements, the ...

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May 26 Morning Report: GovCon Index Down on Friday’s Close

GovConIndexDOWN

The GovCon Index closed Friday with a decline of 0.328 points at 75.067 for a second straight day of losses. Harris Corp. (NYSE: HRS) and Exelis (NYSE: XLS) both reported a jump of 1 percent following news that they are set to close the former’s acquisition of the latter on May 29 after securing approval from the Justice Department and Exelis shareholders. The Dow Jones ...

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May 22 Market Close: GovCon Index Continues Slide, Market Examines Inflation Report

GovConIndexDOWN

The GovCon Index extended its decline for the second consecutive day Friday with a loss of 0.328 points to close at 75.067. Harris Corp. (NYSE: HRS) and Exelis (NYSE: XLS) both jumped 1 percent after the companies announced Harris’ acquisition of Exelis is scheduled to close May 29 after the deal received approval from ...

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Exelis Shareholders OK Harris’ Acquisition Offer, DOJ Clears Transaction

FalconRadio

Harris Corp.’s (NYSE: HRS) pending acquisition of Exelis (NYSE: XLS) for almost $4.75 billion in cash and stock has moved forward after Exelis’ shareholders voted to approve the transaction and the Justice Department cleared the deal under antitrust law. Exelis said Friday both companies expect the transaction to close May 29, pending other closing ...

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US Army Awards $150M Utility Monitoring, Electronic Security Support Contract to Five Firms

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Five companies have won spots on the U.S. Army’s $150 million contract to perform technical and program support services for utility monitoring and electronic security systems programs. Jacobs (NYSE: JEC), M.C. Dean, Shearer and Associates, Spectrum Solutions and URS Group (NYSE: URS) will deliver the services through May 21, 2020, ...

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Four Companies Land $496M Advisory Contract with US Army

Contract

The U.S. Army has awarded a $496 million contract to four companies for advisory and assistance services. Alpha-Omega Change Engineering, Boecore, PeopleTec and Summit Technical Solutions will deliver the services for the Army Space and Missile Defense Command and Army Forces Strategic Command’s various missions, the Defense Department said Thursday. ...

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