December 10 Market Close: GovCon Index Tumbles, SAIC Jumps for 2nd Straight Day

GovConIndex
The GovCon Index tumbled 2.055 percent — or 1.394 points — to close at 69.214 on a Wednesday that saw only two out of 30 companies on the index show gains: Science Applications International Corp. (NYSE: SAI) and Serco Inc. SAIC’s stock price increased for a second consecutive day after the company said its third-quarter revenue increased 2 percent year-over-year when excluding...

Sudhakar Kesavan: ICF Books $618M in Contracts for 3Q 2014

Sudhakar Kesavan
Sudhakar Kesavan ICF International (NASDAQ: ICFI) has announced financial results for the third quarter of its 2014 fiscal year ended Sept. 30, 2014. The company recorded an 8.5-percent increase in revenue to $264.8 million from the prior year quarter and a 9.5-percent uptick in profit to $12.3 million, a figure ICF says is exclusive of acquisition costs and special charges. “Contract awards...

Lockheed Acquires Energy Storage, Conversion Tech Maker Sun Catalytix

lockheed martin
Lockheed Martin (NYSE: LMT) has acquired Cambridge, Massachusetts-based energy storage and conversion technology maker Sun Catalytix Corp. for an undisclosed sum. Sun Catalytix will operate as a subsidiary within Lockheed’s missiles and fire control business area and will do business under the name Lockheed Martin Advanced Energy Storage LLC, Lockheed said Monday. Twenty-five Sun Catalytix...

CH2M HILL Closes Buy of TERA Environmental Consultants; Chris Shea, Piers Fothergill Comment

acquisition
CH2M HILL has completed its acquisition of TERA Environmental Consultants in a move to grow environmental service offerings across Canada. TERA provides environmental consulting services to pipeline, power line and oil and gas customers in that country, CH2M HILL said Monday. Chris Shea, president of CH2M HILL’s environment and nuclear market, said the company intends for the TERA buy to help address...

Peyton Baker Named Babcock & Wilcox President, COO; James Ferland Comments

Peyton Baker
Peyton Baker Peyton “Sandy” Baker has been appointed president and chief operating officer at Babcock & Wilcox Co. (NYSE: BWC) as the company has realigned its government market operations. Baker will lead the Charlotte, N.C.-based company’s nuclear operations and technical services groups, as well as its nuclear fuel services subsidiary, Babcock & Wilcox said Friday. “Consolidating...

Marillyn Hewson: Lockheed to Buy Industrial Defender for Commercial Cyber Push

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) has moved to expand its cybersecurity business by agreeing to buy Foxborough, Mass.-based Industrial Defender for an undisclosed amount. Lockheed expects to close the transaction within 30 days subject to customary closing conditions, Lockheed said Wednesday. “Industrial Defender’s expertise in cyber security for critical infrastructure is a natural...

DigitalGlobe Buys Digital Imagery Provider Spatial Energy; Jeffrey Tarr Comments

Jeffrey Tarr
Jeffrey Tarr DigitalGlobe (NYSE: DGI) has moved to grow its presence in the oil and gas market by acquiring digital imagery provider Spatial Energy for an undisclosed amount. Energy companies use Spatial Energy’s geospatial tools and services to manage exploration and production projects, DigitalGlobe said Wednesday. Jeffrey Tarr, CEO of DigitalGlobe, said the company intends for the Spatial...

Army Issues New Round of $7B Renewable Energy Program Awards; Robert Ruch Comments

PowerPlant
The U.S. Army added 21 companies in January and February to the branch’s $7 billion program covering work to develop and produce renewable energy for the Army and Defense Department. Seventy-nine contractors now hold positions on the 30-year program and awardees will compete for task orders to provide renewable energy by owning, operating and maintaining the energy assets, the Army Corps of...

Peter Oosterveer Appointed Fluor COO in Realignment; David Seaton Comments

Fluor
Peter Oosterveer, formerly president of Fluor Corp.’s (NYSE: FLR) energy and chemicals group, has been promoted to chief operating officer at the Irving, Texas-based energy and construction services contractor. He will lead the company’s commercial business lines and Fluor will create a new organization based on its work in commercial markets, Fluor said Monday. David Seaton, Fluor chairman...

Research and Markets: Critical Infrastructure Protection Market to Grow 10% Over 5 Years

market analysis
A new survey by Research and Markets forecasts the critical infrastructure protection market to grow double digits over the next five years. The “Critical Infrastructure Protection: Global Advancements, Market Forecasts & Analysis 2013-2018” report seeks to highlights countries’ efforts to build up defenses against disruption of assets in event of a terrorist attack. Research and...