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...

Northrop Gets $207M Modification on Radar Initial Production Contract With Navy

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Northrop Grumman‘s (NYSE: NOC) electronic systems division has received a contract modification worth $207.3 million from the U.S. Navy to provide initial production systems for four Ground/Air Task-Oriented Radars and associated support services. The Defense Department said Thursday the Marine Air Ground Task Force will use the expeditionary, three-dimensional G/ATOR systems to detect targets,...

October 24 Morning Report: GovCon Index Up at Market Close

GovConIndex
The GovCon Index closed up at 65.734 on Thursday, a change of 1.150 point or 1.719 percent from the previous day.       Top Percentage Gainers Company Stock Price % Change Navistar 34.70 4.96% Textron 38.16 4.26% Northrop Grumman 129.20 3.27% General Dynamics 130.34 3.19% Honeywell 93.58 2.65% Lockheed Martin 180.67 2.65% Market Summary Advancing Issues 26 (86.67%) Declining...

Marine Corps Selects 6 Firms for Tactical Research Support IDIQ

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Six companies have been selected to compete on a potential $70 million contract for combat research, analysis and operations support services to the U.S. Marine Corps. The base period is slated to run through Oct. 21, 2015 and work could extend for two additional years if options are exercised, the Defense Department said Tuesday. Contractors will deliver the professional services to USMC Combat and...

Northrop, CSC Secure Navy Software Engineering, Support Contracts

Contract
Computer Sciences Corp. (NYSE: CSC) and a division of Northrop Grumman (NYSE: NOC) have won separate contracts worth a total of $65.2 billion to provide the U.S. Navy with service software support activity engineering and related services. The Defense Department said Tuesday the contracts cover SSA engineering for test systems software management and development and programs, including Common Data...

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...

Fred Funk Takes SVP Role at Preferred Systems Solutions; Scott Goss Comments

PSS
Fred Funk, formerly a co-founding executive at The KEYW Holding Corp. (NASDAQ: KEYW), has joined Preferred Systems Solutions as senior vice president of the national security group. He will be responsible for the company’s intelligence operations, business development and merger and acquisition strategies within the intelligence community, PSS said Sept. 23. “We are extremely fortunate...

Raytheon to Produce 3D Long-Range Radars for Air Force

U.S. Air Force image
U.S. Air Force image Raytheon (NYSE: RTN) has won a potential $71.8 million contract to engineer, manufacture and develop the U.S. Air Force‘s three-dimensional expeditionary long-range radar systems. The 3DELRR EMD contract has a $19,502,764 base value and calls for the company to deliver up to six radar platforms, as well as product support to the military branch, the Defense Department said...

Erik Buice: Northrop Grumman Continues Support for CMS’ Medicare Beneficiary DB Systems

Erik Buice
Erik Buice Northrop Grumman (NYSE: NOC) will continue its support for the Centers for Medicare and Medicaid Services‘ Medicare Beneficiary Database Suite of Systems through November 2018 under a new $53.7 million contract. The company said Monday this contract extends its 16-year support for MBDSS and expands work to upgrade and integrate the system with the Medicare Enrollment and Premium...

Tom McLemore Joins Northrop as VP of C4I, Space Legislative Affairs; Lesley Kalan Comments

Tom-McLemore
Tom McLemore, formerly staff director of the House Appropriations Defense and Homeland Security subcommittees, has joined Northrop Grumman (NYSE: NOC) as cybersecurity, C4I and space legislative affairs vice president. He will report to Lesley Kalan, legislative affairs VP, and be responsible for strategy and outreach plans development and implementation for the contractor’s cyber, command,...