Tony Smeraglinolo: Engility to Continue ADS-B Technical Support at DOT’s Volpe Center

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has received a three-year, $66 million contract to continue helping the John A. Volpe National Transportation Systems Center develop and evaluate a satellite-based air traffic control system. The company will provide management, analysis and technical services for the Automatic Dependent Surveillance-Broadcast project, Engility said Wednesday. Tony Smeraglinolo,...

December 9 Market Close: GovCon Index Stalls as Concerns Over Greece, China Weigh on Market

GovConIndex
The GovCon Index stayed largely flat Tuesday and recorded a tiny increase of 0.112 percent — or 0.079 points — to close a 70.609 on Tuesday in a mixed day across the major stock indices. Investors reacted to China’s decision to limit use of some bonds for loans and Greece’s new timeline for parliamentary elections that could see a new political party in power that opposes the...

FTC Clears Engility-TASC Deal, Firms Eye 1Q 2015 for Closure

acquisition
The Federal Trade Commission has given Engility Holdings (NYSE: EGL) the go-ahead to continue its estimated $1.1 billion all-stock acquisition of TASC. The FTC terminated the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and this move completes one of the conditions for the transaction’s closure, Engility said Thursday. Engility and TASC expect to complete...

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 17 Morning Report: GovCon Index to Open at 68.933

GovConIndex
The GovCon Index ended trading Friday at 68.933, down by 0.086 percent, or 0.059 points, from Thursday’s close. The Dow Jones Industrial Average declined 0.1 percent to 17634.74, while the S&P 500 composite index increased 0.02 percent to 2039.82 and the NASDAQ composite index grew 0.18 percent to 4688.54.   Top Percentage Gainers Company Stock Price $ Change % Change Maximus $52.57 $2.35 4.68% CGI...

November 14 Market Close: GovCon Index Ends Week With Nominal Decline

GovConIndex
The GovCon Index did not make it five-for-five on positive closing figures for this week as it ended Friday’s trading day at 68.933 — a decrease from Thursday’s figure by 0.086 percent, or 0.059 points. A mixed day reflected investors’ attitude toward improved consumer confidence numbers and a 0.3 percent increase in retail sales for October, according to CNBC’s market...

November 7 Morning Report: GovCon Index Up on Thursday’s Close

GovConIndex
The GovCon Index closed Thursday at 68.486, up 0.086 or 0.126 percent. Reuters reported Thursday market optimism over anticipation that the European Central Bank may be getting ready with new measures to bolster the eurozone. The Dow Jones industrial average hit a record high, up 69.94 points, or 0.4 percent, to 17,554.5, while Standard & Poor’s 500 closed 7.64 points, up.0.38 percent,...

Engility Awarded 3-Year VA IT Services Contract; Tony Smeraglinolo Comments

Tony Smeraglinolo
Tony Smeraglinolo The U.S. Department of Veterans Affairs has awarded Engility Holdings (NYSE: EGL) a potential three-year, $31 million contract to deliver a range of information technology services across the agency. Engility will support almost 100 IT systems that are designed to manage VA health, benefits and enterprise data, the company said Friday. Tony Smeraglinolo, president and CEO of Engility,...

October 30 Morning Report: GovCon Index Down on Wednesday’s Close

GovConIndex
The GovCon Index closed Wednesday at 66.977, down 0.297 or 0.445 percent. The Federal Reserve has ended a bond-buying program it had imposed to stimulate the economy, an announcement Reuters said Wednesday sent indicators to finish on a low. The Dow Jones fell 31.44 points, or 0.18 percent, to 16,974.1. The Standard & Poors 500 fell 2.75 points, or 0.14 percent, to 1,982.3. Nasdaq lost 15.07...