November 24 Market Close: GovCon Index Starts Thanksgiving Week With Increase

GovConIndex
The GovCon Index kicked off the week of Thanksgiving with a Monday close of 70.122 — up 0.74 percent from Friday’s trading day. According to Bloomberg, investors reacted with confidence to data that signals growth in the U.S. services sectors and consumer confidence, as well as the Chinese central bank’s move last week to cut interest rates. Bloomberg also estimates that profit...

November 20 Market Close: GovCon Index Stays Flat, US Stocks Rise

GovConIndex
The GovCon Index recorded a nominal increase Thursday to close at 69.118 — 0.005 percent up from Wednesday. Bloomberg reported that energy and small-cap shares drove gains across the U.S. stock market Tuesday, increases that offset investors’ worries over weak growth worldwide. A purchasing managers’ index for factories and services activity in the Eurozone reached its lowest...

November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

GovConIndex
The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115. Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over medium-term inflation, CNBC reported. Fed members expect inflation to...

November 17 Market Close: GovCon Index Kicks Week Off With Small Loss

GovConIndex
The GovCon Index started the new trading week with a Monday close of 68.753 — a decline of 0.247 percent, or 0.169 points. Stocks on the three major market indices remained level as well in a day that saw reports surface of Japan’s extended recession and a decrese in small-cap shares, according to Bloomberg’s market summary. Bloomberg also cited U.S. economic data that showed a...

November 11 End of Day Report: GovCon Index Stays Level With Monday’s Close

GovConIndex
The GovCon Index closed Tuesday at 68.348 — a tiny increase of 0.154 percent, or 0.105 points. Bloomberg said in its market summary that Tuesday’s trading day saw the three major stock indices record a fifth consecutive day of gains on the back of increases by homebuilder shares. The S&P 500 composite index ended Tuesday’s trading day with a 0.1-percent increase to 2,039.75...

Report: Larry Prior to Head CSC’s NA Public Sector Arm in Reorg

Larry Prior
Larry Prior According to the Washington Business Journal: Larry Prior, who joined Computer Sciences Corp. (NYSE: CSC) in May 2013 to run the defense and intelligence business, has been appointed to lead the company’s North American public sector business as part of a reorganization move. David Zolet Jill Aitoro reports that as part of the realignment, David Zolet will assume leadership...

October 22 Morning Report: GovCon Index Up at Market Close

GovConIndex
Gains all around reflected a GovCon Index close of 64.854 on Tuesday, up by 1.010 points or 1.533 percent from the previous day. Strong quarterly earnings from technology companies, coupled with the European Central Bank looking to buy corporate bonds as an option, boosted the Standard & Poor’s 500 by 1.96 percent and helped the Nasdaq index achieve gains of more than 2 percent, Sam Forgione...

Northrop, CSC Secure Navy Software Engineering, Support Contracts

Contract
Computer Sciences Corp. (NYSE: CSC) and a division of Northrop Grumman (NYSE: NOC) have won separate contracts worth a total of $65.2 billion to provide the U.S. Navy with service software support activity engineering and related services. The Defense Department said Tuesday the contracts cover SSA engineering for test systems software management and development and programs, including Common Data...

Diane Wilfong Named CSC VP, Controller, Lead Accountant; Paul Saleh Comments

CSC logo_GovConWire
Diane Wilfong — former senior vice president, controller and chief accounting officer at Caesars Entertainment — has joined Computer Sciences Corp. (NYSE: CSC) to serve as VP, controller and principal accounting officer. CSC said Wednesday Wilfong will succeed Michael Sweeney as controller and report directly to Paul Saleh, executive VP and chief financial officer. “[Wilfong’s] deep...

CSC to Support Defense Acquisition University Learning Asset Dev’t for $91M

CSC logo_GovConWire
Computer Sciences Corp. (NYSE: CSC) has won a potential $90.6 million contract from the Missile Defense Agency to provide learning asset development sustainment and support services for the Defense Acquisition University. The Defense Department posted Tuesday that the indefinite-delivery/indefinite-quantity contract covers services in support of research, analysis, design, integration and maintenance of...