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September 18th Market Close: GovConIndex Rises on News of Northrop’s Acquisition of Orbital ATK

The Executive Mosaic GovCon Index (GCI) increased significantly on the day reaching a new YTD high of 104.137 up 1.786 percent. Orbital ATK  and Northrop Grumman top the GCI with the news of Northrop Grumman’s intent to acquire the global aerospace and defense company. The three major indices all closed in the positive. …

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Northrop to Buy Orbital ATK in Potential $9.2B Deal; Wes Bush, David Thompson Comment

Northrop Grumman (NYSE: NOC) has agreed to purchase Orbital ATK (NYSE: OA) for approximately $9.2 billion in a push to accelerate innovation efforts and expand technology offerings. Falls Church, Virginia-based Northrop said Monday it will pay $7.8 billion in cash and assume $1.4 billion in net debt from Orbital ATK under the transaction. …

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Kirk Herdman Named KeyW Corporate Strategy, Business Devt EVP

Kirk Herdman, formerly executive vice president of corporate strategy at KeyW (Nasdaq: KEYW), has been named EVP of corporate strategy and business development at the Hanover, Maryland-based contractor. KeyW said Friday Herdman succeeds Michele Cook, who will leave her role as business development EVP to pursue other career goals. Herdman joined …

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NASA Taps AECOM for $93M Ames Facility Engineering Contract

AECOM (NYSE: ACM) has secured a potential five-year, $93 million hybrid contract from NASA to provide onsite engineering and architectural services at the agency’s Ames Research Center in California. NASA said Saturday AECOM will prepare designs related to facility modification, repair and maintenance efforts as well as support environmental compliance and remediation research; energy life …

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Reports: Northrop Close to Sealing $7.8B Cash Deal for Orbital ATK

Northrop Grumman (NYSE: NOC) is close to finalizing an agreement to buy Orbital ATK (NYSE: OA) as Northrop aims to broaden its portfolio of missiles and space platforms, Defense News reported Monday. Defense News cited a Wall Street Journal report that says both companies could unveil the transaction as early as Monday …

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Raytheon Wins $269M NOAA Recompete for Weather Forecasting System Support

The National Oceanic and Atmospheric Administration has awarded Raytheon (NYSE: RTN) a potential 10-year, $269 million contract to help NOAA’s National Weather Service operate and maintain a system designed to generate weather forecasts and warnings. Raytheon said Friday it will continue to manage and update hardware, software, architecture and communications tools for …

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Leidos Gets $159M NASA Space Cargo Handling Contract

A Leidos (NYSE: LDOS) subsidiary has received a potential $159 million contract from NASA to pack pressurised cargo for delivery to and from the International Space Station. Houston-based Leidos Innovations Corp. will provide NASA engineering sustainment services for transport hardware, flight crew equipment, simple payload facilities, payload support items and ancillary …

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M1 Awarded $387M Fort Rucker Rotary Aviation Training Support Contract

M1 Support Services has won a potential 10-year, $387 million to support U.S. Army and Air Force rotary aviation training efforts at Fort Rucker in Alabama. The Defense Department said Friday the company will provide maintenance services under the hybrid contract work through Sept. 30, 2027. The Army Mission and Installation Contracting Command …

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Army Orders $127M in Raytheon-Made Excalibur Projectiles

Raytheon‘s (NYSE: RTN) missile systems business has secured a $127.1 million contract modification to provide 155mm Excalibur projectiles to the U.S. Army. The Defense Department said Friday Raytheon will perform contract work through April 30, 2019 in Arizona, California, Iowa, Missouri, Ohio, Pennsylvania, Utah, Sweden and the U.K. The Army Contracting Command is the contracting activity and …

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September 18th Morning Report: Friday Close – GovCon Index Moves Up and S&P500, DJIA Set New Highs

The Executive Mosaic GovCon Index (GCI) set a monthly high during the course of the week. Friday’s close saw the GCI moving up 0.782 percent to 102.302. Advancing shares outpaced declining 5 to 1. The three major indices all closed Friday in the positive. The S&P500 broke the 2500 threshold reaching a new …

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