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Tag Archives: Army

October 18 Market Close: GovCon Index Climbs on Orbital ATK Post-Launch Surge, Primes Pace Gain


Executive Mosaic’s GovCon Index closed just shy of a full 1-percent gain Tuesday on a large upswing by Orbital ATK (NYSE: OA) after the company’s successful rocket launch Monday night and gains by other prime contractors. GovCon Index gainers outnumbered laggers at a 9-to-1 ratio and 10 of its 11 S&P 500 companies …

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October 17 Market Close: GovCon Index Shows Little Change as Energy & Consumer Declines Weigh on US Markets


Executive Mosaic’s GovCon Index posted little change for a second consecutive session Monday on mixed results among its large-cap companies as U.S. stocks closed mostly lower due to a sell-off in consumer and energy sector shares that coincided with a decline in crude oil prices. GovCon Index laggers outnumbered advancers and four of …

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Boston Consulting Hires Brad Carson as Senior Adviser, Trent Reasons as Associate Director

Boston Consulting Group

The Boston Consulting Group has appointed Brad Carson, former acting undersecretary for personnel and readiness at the Defense Department, as senior adviser and named Trent Reasons, former director of analysis at the Treasury Department, as associate director. BCG said Tuesday Carson will support the management consulting firm’s worldwide public sector practice as well as aerospace and defense programs. The …

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General Dynamics Secures $509M Contract for Army Stryker Vehicle Configuration Update

GD Stryker Vehicle

General Dynamics (NYSE: GD) has received a potential $508.7 million firm-fixed-price contract to re-engineer the U.S. Army‘s fleet of Stryker ground combat vehicles. The Defense Department said Friday that the company will update an estimated 215 Stryker flat-bottom armored vehicles to a double-V hull engineering change proposal one configuration. DoD added the reconfiguration effort seeks to increase the mobility of the …

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Robert Lake Joins Sabre as Northeast Region VP; Glen Ives Comments

Robert Lake

Robert Lake, former director of strategic planning at DHPC Technologies, has joined Sabre Systems as vice president of northeastern regional operations for the company. Sabre said Thursday Lake will report to President and Chief Operating Officer Glen Ives and oversee the management and development of the company’s Northeast business that includes U.S. Army and …

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October 3 Market Close: GovCon Index Stuck in Neutral on S&P Stocks’ Gains, KBR and McKesson Declines


Executive Mosaic’s GovCon Index closed flat Monday to start the year’s fourth quarter as a rebound by Vectrus (NYSE: VEC) in conjunction with advances by other large- and mid-tier primes offset declines by KBR (NYSE: KBR) and McKesson Corp. (NYSE: MCK). GovCon Index gainers slightly edged laggers and eight of its 11 S&P 500 companies advanced with Raytheon …

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Dominion Privatization Texas Wins $740M Contract to Manage Army Electric, Natural Gas Distribution Systems

electricity power lines

Dominion Privatization Texas has won a potential 50-year, $740.2 million contract from the Defense Logistics Agency to own, operate and maintain electric and natural gas distribution systems at the Fort Hood military base in Texas. Eight proposals were submitted to DLA for the fixed-price, economic-price-adjustment contract through a competitive solicitation, the Defense Department …

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Army Orders Additional BAE Missile Warning Systems, Support Services for $249M

Bae systems logo_ExecutiveBiz

BAE Systems‘ U.S. subsidiary has received a two-year, $249.4 million contract modification to produce common missile warning systems and spares for the U.S. Army. The Defense Department said Friday the modification also covers systems engineering, technical support and logistics services. BAE Systems Inc. will carry out work through Sept. 30, 2018, and the military branch will provide funds …

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September 30 Market Close: GovCon Index Held By Vectrus Plunge Against S&P Gain, Post 2nd Straight Down Month


Executive Mosaic’s GovCon Index failed to reverse its steep morning decline Friday despite a significant gain by the S&P 500 as a record intraday plunge by Vectrus (NYSE: VEC) on a large contract loss weighed on the GCI against a 2-to-1 ratio in favor of green stocks. Six of the GovCon Index’s 11 S&P 500 …

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Oshkosh Awarded $409M for Order Year 7 of Army Medium Tactical Vehicle Production Contract


Oshkosh (NYSE: OSK) has received a $409 million order to produce 1,661 family of medium tactical vehicle trucks and 31 trailers for the U.S. Army. The order is for the seventh performance year on a previously awarded FMTV contract and the company’s defense business segment will continue deliveries of the vehicles to the service branch through July …

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