October 29 Morning Report: GovCon Index Up on Tuesday’s Close

GovConIndex
The GovCon Index closed Tuesday at 67.274, up 1.081 or 1.581 percent. Positive earnings pulled up U.S. markets with the Dow Jones industrial average closing 17,005.75 points, up 187.81 (1.1%), and the Standard & Poor’s 500 index at 1985.05, up 23.42 points (1.2%), USA Today reported Tuesday.   Top Percentage Gainers Company Stock Price % Change Maximus Inc. 46.37 5.53% Textron 40.49 4.11% ICF...

Tony Smeraglinolo: Engility to Help Marine Corps Build ISR Enterprise System

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has won a $9.2 million contract to help the U.S. Marine Corps develop a system for managing intelligence, surveillance and reconnaissance data across the USMC enterprise. The company said Wednesday it will work with the branch’s director of intelligence to build and sustain the ISR enterprise infrastructure. Tony Smeraglinolo, Engility president...

L-3 Board OKs Engility Spinoff Stock Distribution; Michael Strianese Comments

L3 Communications’ (NYSE: LLL) board of directors has approved the distribution of the remaining shares of its Engility subsidiary to all of its shareholders. L-3 said every shareholder of record as of July 16 will receive one share of Engility for every six shares of L-3 stock. “Engility will now be able to pursue new business opportunities unconstrained by organizational conflict of interest...