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...

October 31 Morning Report: GovCon Index Up on Thursday’s Close

GovConIndex
The GovCon Index closed Thursday at 67.703, up 0.726 or 1.061 percent. Wall Street saw gains over news of a positive economic outlook, USA Today reported, with the Dow Jones adding 221.11 points to 17,195.42 (1.3%), the Standard & Poor’s 500 rising 12.35 points to 1,994.65 (0.6%) and Nasdaq rounding up 16.91 points for a 4,566.14 close (0.4%).   Top Percentage Gainers Company Stock...

October 27 Morning Report: GovCon Index Closes on Monthly High

GovConIndex
The GovCon Index closed Friday reaching a monthly high at 65.994, up 0.260 or 0.393 percent after a week of strong third quarter corporate earnings.   Top Percentage Gainers Company Stock Price % Change AECOM Technology 32.60 1.97% General Dynamics 132.50 1.66% Maximus 43.54 1.61% Textron 38.76 1.57% Booz Allen Hamilton 25.72 1.54% Market Summary Advancing Issues 25 (83.33%) Declining...

Marine Corps Selects 6 Firms for Tactical Research Support IDIQ

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Six companies have been selected to compete on a potential $70 million contract for combat research, analysis and operations support services to the U.S. Marine Corps. The base period is slated to run through Oct. 21, 2015 and work could extend for two additional years if options are exercised, the Defense Department said Tuesday. Contractors will deliver the professional services to USMC Combat and...

Mike Denning Joins Verizon’s Enterprise Arm as Global Security VP

Mike Denning
Mike Denning Mike Denning, formerly senior vice president and general manager of CA Technologies’ (NASDAQ: CA) security business unit, has joined Verizon Enterprise (NYSE: VZ) as vice president of global security. He will be responsible for the company’s global security operations centers, cyber intelligence center, product management and development organization and security sales operations, Verizon...

Booz Allen Buys Genova Technologies’ Health IT Portfolio; Kristine Martin Anderson Comments

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Booz Allen Hamilton has moved to expand its federal health information technology business by acquiring Genova Technologies‘ healthcare assets for an undisclosed amount. The transaction is intended to supplement Booz Allen’s work to deliver technical and engineering health IT services to the U.S. Centers for Medicare and Medicaid Services and other federal customers, Booz Allen said Monday. “We’re...