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...

December 2 Market Close: GovCon Index Rebounds as Biotech, Energy Shares Drive Market

GovConIndex
The GovCon Index gained some ground Tuesday from the previous day’s loss with an increase of 0.387 percent — or 0.273 points — to close at 70.263. Biotechnology and energy companies were the major drivers of activity on the major stock markets and investors also drew confidence in data that showed growth in construction spending during October, according to Bloomberg. Traders...

Navy Taps 4 Firms for $97M R&D IDIQ

Contract
The U.S. Navy has awarded positions on a potential two-year, $96,945,000 contract for research and development services to Booz Allen Hamilton (NYSE: BAH), CENTRA Technology, ManTech SRS Technologies (NASDAQ: MANT) and Schafer Corp. Awardees will provide technical, programmatic, financial and administrative services for several Defense Advanced Research Projects Agency programs, the Defense Department...

November 25 Market Close: GovCon Index Reaches New High

GovConIndex
The GovCon Index reached a new high to 70.341, up 0.309 percent, while both Dow Jones Industrial and S&P 500 finished slightly down -0.02 percent and -0.12 percent, respectively. The energy sector weighted on the board with oil prices hitting a four-year low.     Top Percentage Gainers Company Stock Price $ Change % Change Serco Inc.  2.71  0.131  5.08% Mantech  30.27  0.85  2.89% ICF...

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...

Louis Addeo, ManTech EVP, to Retire at Year’s End

Louis Addeo
Louis Addeo Louis Addeo, executive vice president of corporate development and strategic acquisitions at ManTech International (NASDAQ: MANT), plans to retire from the company on Dec. 31. He informed the company of his plans Monday, according to a Securities and Exchange Commission filing. The news was first reported by Jill Aitoro of the Washington Business Journal. Addeo has held his current role...

Eddie Schwartz Joins White Ops as President, COO; Michael Tiffany Comments

Eddie Schwartz
Eddie Schwartz Eddie Schwartz, formerly chief information security officer at RSA, has joined White Ops as president and chief operating officer. Schwartz will report to White Ops CEO Michael Tiffany and be responsible for the company’s go-to-market strategy and operations, White Ops said Monday. “He’s an ideal person to help lead White Ops’ solutions into the next stage...

October 16 Morning Report: GovCon Index Enters Day at Half-Percent Decline

GovConIndex
The GovConIndex will enter Thursday’s trading day at 62.418 points — down 0.367 points from Wednesday’s figures, or a decline of 0.592 percent. CNBC reports that more economic data will become public on Thursday, such as the weekly jobless claims numbers, industrial production figures, the Philadelphia Federal Reserve survey and the National Association of Home Builders’...

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...

Daniel Keefe: ManTech to Help Army Carry Out C3 Functions

Daniel Keefe ManTech International (NASDAQ: MANT) has received a potential two-year,$89.4 million task order to provide command, control and communications system support to the U.S. Army‘s software engineering center. The software and systems engineering services contract contains a one-year base period and a one-year option, ManTech said Tuesday. Daniel Keefe, president and chief operating...