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February 3 Market Close: GovCon Index Higher on L3 & HII Boosts, US Stocks Up After Trump Banking Exec Order

Executive Mosaic’s GovCon Index rose Friday on advances large and middle-tier defense primes as U.S. stocks climbed following the January jobs report and President Donald Trump’s new executive order to reduce regulations on the banking industry implemented after the 2008 crisis. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio as nine …

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January 24 Market Close: GovCon Index Advances With Boeing Lift, Lockheed Drags on Dimmed Guidance & Sikorsky Material Weakness

Executive Mosaic’s GovCon Index traded higher Tuesday on a lift from Boeing (NYSE: BA) and government services stocks as Lockheed Martin (NYSE: LMT) fell after the defense contractor reported material weaknesses related to internal controls for financial statements at its Sikorsky helicopter subsidiary. All three major U.S. stock indices also advanced as the S&P …

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CAE Secures Simulation, Training Support Contracts Worth $134M; Gene Colabatistto Comments

TYSONS CORNER, VA, Jan. 19, 2017 — CAE (NYSE: CAE) has landed contracts worth a total of $134.1 million from international military customers for new simulation technologies, simulator updates and training support services, ExecutiveBiz reported Tuesday. The company said Tuesday it closed a deal with Airbus‘ defense and space business unit for …

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Raytheon Gets $110M Navy Contract Modification for Air, Missile Defense S-Band Radar, Controller Production

Raytheon (NYSE: RTN) has received a potential one-year, $110.1 million contract modification to begin fiscal 2017 low-rate initial production of S-band radars and radar suite controllers for the U.S. Navy. The modification seeks to exercise an option in a contract awarded in 2013 in support of the service branch’s Air and …

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American Systems Extends IT, Managed Hosting Support for DSCA FMS Platform; Peter Smith Comments

TYSONS CORNER, VA, Nov. 30, 2016 — American Systems will continue to deliver managed hosting and information technology services for the Defense Security Cooperation Agency‘s Security Cooperation Enterprise Solution under a five-year, $36.6 million task order,  ExecutiveBiz reported Tuesday. The company said Monday it will provide foreign military sales application hosting, end …

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Orbital ATK Lowers Loss Expectations in Restatement on Army Ammo Contract

Orbital ATK (NYSE: ATK) has lowered its forecast of losses on a U.S. Army ammunition production contract to $350 million from the initial $450 million outlook as the aerospace and defense company carries out an accounting review. Dulles, Virginia-based Orbital ATK said in a Tuesday Securities and Exchange Commission filing the …

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Army Kicks Off $6B HR Support Contract Bids

The Army Contracting Command has issued a request for proposals on a potential 10-year, $6.09 billion contract vehicle for personnel life cycle support services to the U.S. Army, the Defense Department and other federal agencies. The multiple-award, indefinite-delivery/indefinite-quantity contract will have a one five-year base period of performance and five 12-month …

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July 21 Market Close: GovCon Index Falls on Defense Prime Losses, Oil Decline Holds Down US Stocks

Executive Mosaic’s GovCon Index tumbled Thursday on large declines among defense prime companies as U.S. stocks traded lower on falling oil prices and mixed earnings reports among blue chips. The GovCon Index declined 0.694 points to 81.499  as none of the GCI’s 11 S&P 500-listed stocks closed at a gain with eight in the U.S. stock …

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GSA Starts $50B Alliant 2 IT Vehicle Solicitations; Mary Davie Comments

The General Services Administration has issued its formal requests for bids on two governmentwide information technology acquisition contracts with a combined total ceiling of $50 billion over 10 years. GSA said Monday it will accept industry proposals for the Alliant 2 and Alliant 2 Small Business contracts through Aug. 29. “The Alliant team …

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Report: NNSA’s Follow-on $3B Sandia Labs Support Program Draws 15 Firms, 4 Universities

Fifteen companies and four universities have shown interest in pursuing a potential 10-year, $2.9 billion contract for management services at the National Nuclear Security Administration‘s Sandia National Laboratories, the Albuquerque Journal reported May 18. Michael Coleman writes that Lockheed Martin (NYSE: LMT) subsidiary Sandia Corp.‘s current SNL support contract with NNSA is scheduled to expire April 2017. …

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