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June 27 Market Close: GovConIndex Closes Down As Major Indices Close Down

The Executive Mosaic GovCon Index closed down for the second day to 94.474 off 0.624 percent. Decliners outpaced advancers 4 to 1. The major indices all closed down with the S&P500 and DJIA continuing their slide from 6/19. The NASDAQ continuing it’s downward trend from 6/23. Markets showed hesitancy over Republicans slow …

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HDS Federal, Brocade Agree on Transfer of Some Contracts, Assets; David Turner Comments

Hitachi Data Systems‘ federal business has entered into a definitive agreement to accept the transfer and control of some of Brocade Communications Systems‘ (Nasdaq: BRCD) federal service maintenance contracts and other cleared assets. HDS Federal said Tuesday it will gain Brocade’s portfolio of U.S. federal data center networking, campus/edge networking and storage area …

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State Dept Clears Australia’s $1.3B Modified Gulfstream Aircraft Purchase Request

The State Department has approved Australia’s request to buy up to five units of modified Gulfstream G550 aircraft from the U.S. under a potential $1.3 billion foreign military sales agreement. Australia seeks to procure Gulfstream G550 planes that have been modified to integrate airborne intelligence, surveillance, reconnaissance and electronic warfare mission systems as well …

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State Dept OKs $366M Boeing C-17 Aircraft Sale to India

The State Department has cleared a potential $366.2 million foreign military sale of a Boeing-built (NYSE: BA) transport aircraft, equipment and support services to India. India ordered an additional C-17 Globemaster III aircraft equipped with four turbofan F-117-PW-100 engines, one AN/AAR-47 missile warning system and one AN/APX-119 identification “friend or foe” transponder, …

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DoD Requests Additional 5 Percent for IT Budget

The Department of Defense is asking for $42.5 billion in IT funding, a 5.3 percent increase over last year. From that top line number, $9.3 billion is reserved for classified investments and expenses, with $33.2 billion going to unclassified investments and expenses, according to  documents from the department’s comptroller reveal. …

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Navy Taps 4 Firms for Nonlethal Weapon R&D Services

Four companies will compete for task orders under a U.S. Navy contract to provide research and development support for nonlethal weapons systems across a range of capability functional and technology areas. The Naval Surface Warfare Center’s Indian Head explosive ordnance disposal technology division in Maryland received 11 offers for the …

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Boeing’s Caryn Nightengale Named Liquid Robotics CFO; Gary Gysin Comments

Caryn Nightengale, formerly director of corporate development at Boeing’s (NYSE: BA) defense, space and security segment, has joined Sunnyvale, California-based unmanned maritime systems maker Liquid Robotics as chief financial officer. She will report to Gary Gysin, Liquid Robotics’ president and CEO, and oversee financial management, contracts, information technology and global trade …

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IT Security Vet Ron Davis Takes CISO Post at Huntington Ingalls

Ron Davis, formerly chief information security officer of Vencore and a certified information systems security professional, has joined Huntington Ingalls Industries (NYSE: HII) as CISO. Davis will oversee a cybersecurity program that seeks to identify threats and risks as well as implement controls, methods and processes designed to secure HII …

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June 26 Market Close: GovConIndex Closes Down With Indices Mixed on Low Volume

The Executive Mosaic GovCon Index closed down for Monday 0.194 percent to 95.026 with advancers outpacing decliners evenly split. The major indices had modest movement on the day closing mixed, with the S&P500 and DJIA remaining in positive territory throughout the trading day. The NASDAQ was down spending a majority it’s day …

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Army’s $20B Per Annum Weapons Systems Investment Could be a Waste if it Does Not Address Staffing Problems

Over the past decade, the U.S. Army has spent over $20 billion each year to develop and acquire weapon systems, but it canceled many of those due to the realization that requirements would not be met — and a government watchdog report indicates this problem is likely to continue if the …

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