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...

Engility Inks $1B Deal for TASC, Tony Smeraglinolo to Retain CEO Title

acquisition
Engineering and technical services contractor Engility Holdings (NYSE: EGL) has agreed to purchase professional services provider TASC for $1.1 billion in stock. Both Chantilly, Virginia-based companies said Tuesday they expect to close the deal in the first quarter of 2015, pending votes from both sets of shareholders and regulatory approvals. Engility expects the deal to increase its earnings...

Engility to Build, Test Navy Shipboard Electronics; Tony Smeraglinolo Comments

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has been awarded a $42.9 million contract to design and evaluate shipboard and shore-based electronic systems for the U.S. Navy. The contract contains a one-year base period and two option years and covers work in areas such as system engineering, prototype and testing, Engility said Wednesday. “We appreciate the confidence our U.S. Navy customer...

October 17 Morning Report: GovCon Index Up Slightly at Market Close

GovConIndex
With mixed market results, the GovCon Index closed slightly up by 0.359 points — or 0.569 percent — to 62.777. The S&P 500 closed flat at 1,862.76 as the energy sector lead gains for that index. The Dow Jones Industrial Average slipped 24.5 points, or 0.2 percent, to 16,116.24 and the Nasdaq Composite ticked up 2 points to 4,217.39.   Top Percentage Gainers Company Stock...

Tony Smeraglinolo: Engility Adds NextGen Engineering, Analytical Contract

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has won a 38-month, $23 million contract that covers work with the Transportation Department and Federal Aviation Administration to implement the NextGen air traffic control system at airports. The company will perform engineering and analytical support work under the cost-plus-fixed-fee contract, which includes both new and recompeted services, Engility...

October 15 Morning Report: GovCon Index Inches Up as Global Concerns Hold

GovConIndex
The GovCon Index entered Wednesday trading at 62.785 — approximately 0.82 percent higher than Tuesday’s figure, or an increase of 0.52. Reuters cited concerns over Ebola, the impact of weak global economic figures on U.S. corporate earnings and a decline in oil prices as drivers of Tuesday’s investment activity.   Top Percentage Gainers Company Stock Price % Change Textron 33.83 4.80% Navistar 31.25 4.48% Raytheon 96.56 2.89% Engility...

October 9 Morning Report: GovConIndex Ends Wednesday at 2% Hike

GovConIndex
The GovConIndex closed Wednesday trading at 64.667 — an increase of 1.241 from the previous day, or 1.883 percent. Each company listed in the GovConIndex ended Wednesday as up from the previous day and the increases ranged from around 5 percent to the lowest upward trend at 0.15 percent. Top 5 Percentage Gainers for Wednesday Company Closing Price Change %Change Engility Holdings...

October 6 Morning: Friday Surge in GovConIndex

GovConIndex
The GovConIndex rose 0.797, or 1.23 percent, to 64.085 by riding on an increase in the Dow Jones Industrial Average. Friday’s rise came after four consecutive days of declines and new figures that show an increase in hiring by U.S. employers.       Top Percentage Gainers Company Stock Price Change %Change Healthnet 46.47 1.70 3.80% Engilty Holding Inc. 32.77 1.00 3.15% Exelis...

DRC Vet Paul Strasser Joins FedCap Partners Subsidiary PPC as CEO; Rick Knop Comments

Paul Strasser
Paul Strasser Paul Strasser, formerly a senior vice president and general manager at Engility (NYSE: EGL), has joined FedCap Partners subsidiary PPC as CEO following the retirement of Harry Thornsvard. “Paul’s background and reputation represents FedCap’s commitment to build PPC into a leading technology and management consulting company,” Rick Knop, a FedCap managing partner,...

Engility to Help Train USAID Staff on Project Development Activities; Tony Smeraglinolo Comments

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings’ (NYSE: EGL) IRG subsidiary has won a potential $60 million contract to help train U.S. Agency for International Development personnel on developing and monitoring projects worldwide. IRG training professionals will help USAID staffs to design and deliver professional development for the agency’s employees worldwide, Engility said Monday. “USAID staff provides...