December 16 Market Close: GovCon Index Records Nominal Loss, Investors Eye Possible Fed Move

GovConIndex
The GovCon Index extended its current stretch of declines into a third consecutive day with a nominal loss of 0.154 points to close at 67.411 on Tuesday. Investors will keep an eye on the Federal Reserve’s impending decision later this week on whether to change their policy statement and be more open to an interest rate increase next year, according to Reuters. The Dow Jones Industrial Average...

BAE’s US Arm Inks Deal for Eclipse Electronic Systems, Parent Closes SilverSky Buy

Tom Arseneault
BAE Systems Inc. — the British defense contractor’s U.S. subsidiary — has agreed to acquire Eclipse Electronic Systems from Esterline Corp. for nearly $28 million cash in order to add new intelligence, surveillance and reconnaissance products to BAE’s portfolio. The transaction is scheduled to complete in the first quarter of 2015 and is pending regulatory approvals,...

BAE to Support USS Bataan Dry-Docking Planned Maintenance Availability

USS Bataan
BAE Systems‘ Norfolk Ship Repair segment will perform dry-docking planned maintenance availability services through November 2015 on the U.S. Navy‘s USS Bataan (LHD-5) ship under a $115 million contract modification. The Defense Department said Wednesday BAE will carry out depot-level maintenance, modifications and capability updates as part of USS Bataan’s fiscal 2015 DPMA. The...

Roger Wiederkehr Appointed Wyle CEO, George Melton to Stay as Chair

Wyle logo
Roger Wiederkehr, chief operating officer at Wyle Laboratories for two years, will succeed George Melton as president and CEO of the engineering and scientific services contractor at the end of this year. Wyle said Tuesday Melton, who has held the president and CEO titles for nine years, will continue to serve as chairman of the board of directors at the El Segundo, Calif.-based company. “This...

December 4 Market Close: GovCon Index Loses Ground, Investors Await Labor Report

GovConIndex
The GovCon Index retreated Thursday by 0.223 percent — or 0.157 points — to close at 70.676, a figure that keeps the index in positive territory from the previous week. Investors reacted to the European Central Bank’s decision to not take any action on a potential stimulus until at least early next year and will have their eye on Friday’s employment report from the Labor...

Bharat Amin to Assume VP, CIO Roles at Huntington Ingalls Subsidiary

Bharat Amin
Bharat Amin Bharat Amin, formerly chief information officer at BAE Systems‘ land and armaments division, will join Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division on Dec. 15 as vice president and CIO. He will lead strategic direction and information systems management in his new position and succeeds Leni Kaufman, who is retiring after a 35-year career, HII...

BAE Vet Chris Bellios Joins Cubic as Nat’l Intell SVP; Bill Toti Comments

CubicLogo
Chris Bellios, formerly a vice president at BAE Systems, has joined Cubic as senior vice president of national intelligence for the mission support services business and will manage training and mentorship strategies. He will report to Mission Support Services President and General Manager Bill Toti and oversee the execution of Cubic’s national intelligence programs, the company said...

Tom Arseneault to Head Electronic Systems at BAE’s US Arm, Retain COO Title

Tom Arseneault
Tom Arseneault Tom Arseneault, chief operating officer at BAE Systems‘ U.S. subsidiary and a 14-year BAE veteran, will take on the additional role of president of the subsidiary’s electronic systems sector on Jan. 1, 2015. BAE said Monday that Arseneault will continue to hold the chief operating officer role for the subsidiary — BAE Systems Inc. — and succeed current Electronic...

December 1 Morning Report: GovCon Index Up; Cubic Reports Record Earnings

GovConIndex
The GovCon Index closed Wednesday at 70.507, a 0.35 percent increase from Tuesday, continuing its week of gains for the third day in a row heading into the Thanksgiving break. Cubic Corp. (NYSE: CUB) led Index gainers reporting positive financial results for its fourth quarter and full 2014 fiscal year ended Sept. 30, 2014. Tech companies carried U.S. major indicators, Reuters said, with the Dow...

November 25 Market Close: GovCon Index Reaches New High

GovConIndex
The GovCon Index reached a new high to 70.341, up 0.309 percent, while both Dow Jones Industrial and S&P 500 finished slightly down -0.02 percent and -0.12 percent, respectively. The energy sector weighted on the board with oil prices hitting a four-year low.     Top Percentage Gainers Company Stock Price $ Change % Change Serco Inc.  2.71  0.131  5.08% Mantech  30.27  0.85  2.89% ICF...