Navy Awards 5 Spots on Operations, Maintenance Services Contract

NavyC5ISR
The U.S. Navy has awarded positions on a potential $40,716,029 contract to five companies for support services on operations and maintenance projects. The Defense Department said Thursday will provide professional, technical and administrative support services to the deputy chief of naval operations. A majority of the work will occur in Virginia and the rest will take place in Tennessee through Dec....

Washington Headquarters Services Awards $300M Professional Support IDIQ to 8 Firms

Contract
Eight companies have won positions on a $300 million contract for work to help the Washington Headquarters Services carry out research and development programs. Contractors will bid on each task order upon issue to provide professional and executive-level mission services, technical support and study projects to WHS, the Pentagon said Thursday. Work under the indefinite-delivery/indefinite-quantity...

Barbara Humpton Promoted to COO at Siemens’ US Federal Org; Judy Marks Comments

Barbara Humpton
Barbara Humpton Barbara Humpton, formerly senior vice president of business development for Siemens‘ U.S. federal business organization, has been promoted to the newly-created position of chief operating officer. She will lead efforts to identify new business opportunities and land new work in the federal market for Siemens Government Technologies, Siemens said Thursday. Judy Marks, president...

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 26 Market Close: GovCon Index Extends Climb With Push From Cubic

GovConIndex
The GovCon Index continued its week of gains into a third straight day as it closed at 70.507 — a 0.35 percent increase from Tuesday. Cubic Corp. (NYSE: CUB) was the largest gainer for the Index as the company said in its earnings release it set a new quarterly revenue record. Reuters cited technology stocks as drivers of increases across the stock market and energy shares as a pressure on...

November 10 Morning Report: GovCon Index to Open at 68.027

GovConIndex
The GovCon Index closed Friday at 68.027 points, a decrease from Thursday’s trading by 0.459 points — or 0.679 percent. Bloomberg reported relatively flat figures on the stock market after new economic data showed a dip in the unemployment rate during October to a six-year low and job creation figures for the month that were lower than many economists expected. The Dow Jones Industrial...

November 7 End of Day Report: GovCon Index Down on Thursday’s Close

GovConIndex
The GovCon Index closed Friday at 68.027 points, a decrease from Thursday’s trading by 0.459 points — or 0.679 percent. Bloomberg reported relatively flat figures on the stock market after new economic data showed a dip in the unemployment rate during October to a six-year low and job creation figures for the month that were lower than many economists expected. The Dow Jones Industrial...

Carlyle Group Reduces Booz Allen Ownership Stake to 37%

BoozAllenLogo
An affiliate of The Carlyle Group (NASDAQ: CG) has sold 10 million shares of Booz Allen Hamilton‘s (NYSE: BAH) Class A common stock to J.P. Morgan Securities for $263.1 million, or around $26.31 per share. Booz Allen said Wednesday that these transactions would result in Carlyle owning 37 percent of Booz Allen’s outstanding stock. The firm added that it also plans to repurchase...

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...

Booz Allen to Build GSA Open Source Cloud Tool for Contract Mgmt

cloudIT
Booz Allen Hamilton (NYSE :BAH) has been awarded a five-year, $64.5 million contract to build an open source cloud computing platform platform for the General Services Administration‘s Federal Acquisition Service to manage acquisitions for agencies and contractors. The FAS’ office of integrated award environment sought a single, common services platform based in the cloud and with open...