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...

State Dept OKs Iraq’s $700M in Requests for BAE Weapons, General Dynamics Vehicle Parts

State Department
The State Department has approved a potential sale to Iraq of $97 million in Advanced Precision Kill Weapon Systems built by BAE Systems and $600 million in vehicle parts made by General Dynamics (NYSE: GD). The Defense Security Cooperation Agency said Wednesday the proposed sale of 2,000 APKWS includes spare and repair parts, documentation, personnel training and associated equipment, weapon...

November 10 End of Day Report: GovCon Index Holds Relatively Level From Friday’s Close

GovConIndex
The GovCon Index ended Monday’s trading day at 68.240 — a nominal increase of 0.311 percent from Friday, or 0.213 points. CNBC reported that the Dow Jones Industrial Average and S&P 500 composite index both closed Monday at record highs on the heels of positive earnings reports and price increases of healthcare stocks during the trading day. The Dow closed 0.23 percent higher...

Ian King: BAE-Dassault Team Awarded $192M for Anglo-French Combat Aircraft Research

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A BAE Systems and Dassault Aviation partnership has been awarded a $192 million contract to perform a feasibility study of the U.K. and France’s proposed combat aerial vehicles. The companies will perform the research to help the governments of France and U.K. define requirements for the countries’ Future Combat Air System program, BAE said Wednesday. BAE Systems CEO Ian King and Dassault...

BAE Wins $142M Army Howitzers Contract Option

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BAE Systems has been awarded a $147 million contract to manufacture 18 additional self-propelled howitzers with 18 ammunition carriers for the U.S. Army. The follow-on award represents the first of three production year options under a contract BAE won in October 2013 through the Army’s Paladin artillery system modernization, the company said Monday. Production takes place at Anniston Army Depot...

November 3 Morning Report: GovCon Index to Open at 68.417

GovConIndex
The GovCon Index closed Friday at 68.417, up 0.714 or 1.033 percent. Market indicators ended the month of October on a high Friday, with the Dow Jones industrial average adding 195.10 points (1.1 percent) to end at 17,390.52, according to a Market Watch report. Standard & Poor’s 500 gained 23.40 points, or 1.2 percent, to close at 2,018.05, and the Nasdaq composite gained 64.60 points (1.4...

BAE to Pay $232M Cash for Commercial Cyber Services Firm SilverSky; Ian King Comments

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BAE Systems PLC has agreed to acquire commercial cybersecurity services provider Perimeter Internetworking Corp. — which does business as SilverSky — for $232.5 million cash. BAE expects to close the transaction before the end of this calendar year upon the receipt of regulatory approvals, the London-based defense contractor said Tuesday. SilverSky, which operates primarily in the...

October 7 Morning Report: GovConIndex Down on Mixed Day of Trading

GovConIndex
The U.S. stock market closed Monday trading lower. The GovConIndex fell 0.289, or 0.450%, to 64.535. Many investors remain uncertain about the outlook for stocks as they wait for the beginning of the earnings season.   Top Percentage Gainers Company Closing Price Change %Change CGI Group Inc 34.52 0.55 1.62% Exelis Inc. 17.10 0.20 1.18% Intelsat 16.60 0.16 0.97% BAE Systems 29.72 0.28 0.95% ATK 127.17 0.76 0.60%   Market...

BAE Systems to Convert U.S. Army’s Recovery Vehicles to HERCULES Variant; Adam Zarfoss Comments

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BAE Systems has won a $153.6 million contract to upgrade the U.S. Army‘s recovery vehicles to the Heavy Equipment Recovery Combat Utility Lift Evacuation System configuration. Under the project, the company will convert 53 M88A1 recovery vehicles to the M88A2 HERCULES variant, extending production of the M88 line through 2016, BAE Systems said Monday. “This contract provides enhanced capabilities...

BAE Wraps Up Signal Innovations Group Buy; DeEtte Gray Comments

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DeEtte Gray BAE Systems has finalized its purchase of Signal Innovations Group, an analytics and imaging platform supplier to the intelligence and defense industries. The companies seek to unify their technology offerings to help customers gain strategic and tactical insights, DeEtte Gray, president of BAE’s intelligence and security business, said Tuesday. “Together, we also have the potential...