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August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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Weekly Roundup August 22 – August 26 2016: JPMorgan Analyst Bullish on Defense & more

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August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued “green” movement in …

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Booz Allen to Help JIDA Build, Field IED Countermeasures Under Potential $380M Task Order

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Booz Allen Hamilton (NYSE: BAH) has won a potential five-year, $379.6 million task order from the General Services Administration to develop and deploy technologies for the Joint Improvised-Threat Defeat Agency to counter improvised explosive devices. The Defense Department said Thursday GSA’s Federal Systems Integration and Management Center awarded the task order through the Alliant information …

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ULA to Provide Atlas V Launch Services for NASA’s Mars 2020 Rover

Mars 2020

United Launch Alliance, a joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), will provide Atlas V 541 launch services to NASA for a follow-up rover mission to Mars. NASA said Friday it estimates that the Mars 2020 launch will cost $243 million, including spacecraft and planetary protection processing, rocket integration and tracking, data …

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Lockheed Gets $126M Modification on Navy Submarine Imaging Tech Support Contract

Virginia class submarine

Lockheed Martin (NYSE: LMT) has received a potential one-year, $126.3 million contract modification to provide engineering and system support services for the U.S. Navy’s Integrated Submarine Imaging Systems program. The cost-plus-incentive-fee modification exercises an option on a previously awarded contract and covers development, design, field and reverse engineering and technology insertion …

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Rockwell Collins Wins Potential $93M DLA Contract for Tactical Navigation System Spares

Rockwells Collins logo_GovConWire

Rockwell Collins (NYSE: COL) has won a  five-year, $93 million indefinite-delivery/indefinite-quantity contract to supply spare parts for various tactical navigation systems to the Defense Logistics Agency and the U.S. Army. The Defense Department said Thursday two offers were submitted to the DLA’s land and maritime unit for the contract. Work will occur at Rockwell Collins’ facility …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

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Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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Former Parsons Exec Mary Ann Hopkins Joins Arcadis as Executive for the Americas

Mary Ann Hopkins

Mary Ann Hopkins, formerly Parsons federal group president, will join global design and consultancy firm Arcadis to lead that company’s business in North America and Latin America as well as the global water and environment lines. Arcadis said Thursday Hopkins will assume her new role on Sept. 26 and the company’s supervisory board will also …

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BAE, Raytheon Receive $228M in Australia Defense Services Contracts

Boeing F-18 Super Hornet

BAE Systems and Raytheon (NYSE: RTN) have each received contracts worth nearly $228.3 million combined from Australia’s defense ministry for services in support of military projects there. Defense Minister Christopher Pyne announced the contract extensions for the two companies during a trip to Australia’s New South Wales state, the ministry said Wednesday. Pyne …

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Army Taps DRS for $400M Joint Assault Bridge Development IDIQ; Joe Matteoni Comments

Joint Assault Bridge

DRS Technologies has received a potential $400 million contract from the U.S. Army to develop a new Joint Assault Bridge system. DRS’ sustainment systems business unit will oversee the production of the hydraulic bridge launcher and M1A1 chassis assembly as well as system integration work under the indefinite-delivery/indefinite-quantity contract, DRS said …

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