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Tag Archives: infrastructure

January 12 Market Close: GovCon Index Down, Lockheed Extends Drag Over Investors’ Continued F-35 Focus

Executive Mosaic’s GovCon Index fell for a second straight session Thursday on continued declines by large aerospace and defense primes as U.S. stocks also tumbled with earnings season at the forefront of investor attention. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and two of its 11 S&P 500 components …

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Former Vectrus SVP Charles Anderson Joins PAE as Technical Services Group President

Charles Anderson, formerly senior vice president of facility and logistics services at Vectrus (NYSE: VEC) and a retired U.S. Army major general, has been named president of PAE‘s technical services business. PAE said Monday that Anderson will oversee the more than 6,000-employee technical services unit and the organization’s portfolio of infrastructure and base operations, aviation, expeditionary logistics and …

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December 31 & 2016 Market Close: GovCon Index Lower, Ends at 16% YTD Gain

Executive Mosaic’s GovCon Index retreated Friday in the final trading session of 2016 to close a negative December but but a positive year on a boost to defense stocks in the post-election rally that has swept through U.S. markets. The GovCon Index closes 2016 with a year-to-date gain of 16.73 percent as the U.S. stock …

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December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

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November 30 Market Close: GovCon Index Retreats, Ends Best Month Since July as US Stocks Stay in Tight Range

Executive Mosaic’s GovCon Index retreated Wednesday on declines by large prime and middle-tier services contractors that offset a surge by McKesson Corp. (NYSE: MCK) in a session that saw U.S. stocks trade in narrow range to close the month of November. U.S. market activity was dominated by the agreement among OPEC countries to reduce …

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Former Honeywell Defense & Space Chief Carey Smith Joins Parsons as Federal Unit Head

Carey Smith, former president of Honeywell‘s (NYSE: HON) defense and space business, has joined Parsons Corp. as president of the Pasadena, Calif.-based engineering and infrastructure services contractor’s U.S. federal business unit. Parsons said Tuesday Tom Roell will return to his full-time post as vice chairman and chief risk adviser after …

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November 18 Market Close: GovCon Index Narrowly Green to Close 2nd Straight Weekly Gain

Executive Mosaic’s GovCon Index posted a small gain Friday to register its second consecutive weekly gain on continued positive sentiment among investors toward defense stocks compared to other sectors. U.S. stocks traded lower Friday on healthcare sector declines to continue the slowdown in markets from the post-election rally but the S&P 500 …

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November 14 Market Close: GovCon Index Posts 4th Straight 1%-Plus Gain, AECOM Surges on CEO’s Infrastructure Comments

Executive Mosaic’s GovCon Index added at least 1 full percent for a fourth consecutive session Monday to new all-time high as defense primes continued to lead gainers and construction company AECOM (NYSE: ACM) also climbed after its CEO offered investors a positive outlook on U.S. infrastructure spending. GovCon Index gainers outnumbered …

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Parsons-CH2M JV to Support Water Infrastructure Program in Washington

TYSONS CORNER, VA, Aug. 25, 2016 — A joint venture of Parsons and CH2M will provide services for the repair of underground water infrastructure in Washington, D.C., and surrounding areas under a five-year contract from the District of Columbia Water and Sewer Authority, ExecutiveBiz reported Wednesday. CH2M said Wednesday the contract covers program management support …

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Parsons Names Vice Chairman Tom Roell to Interim Federal Leadership Post

Thomas “Tom” Roell, vice chairman and chief risk adviser at Parsons Corp., has been appointed interim president of the Pasadena, California-based engineering and construction services contractor’s federal business unit and will maintain his other current roles for the company. Parsons said Wednesday Roell will continue to be based at the company’s …

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