January 15 Market Close: GovCon Index Dips, Banking Sector Losses Drag US Stocks

GovConIndexDOWN
The GovCon Index recorded a nominal loss of 0.267 points — or 0.381 percent — to close at 70.408 on Thursday. A 1.1-percent decline in the S&P financial sector and worries over how global economic weakness could affect U.S. corporate earnings drove U.S. stocks down, according to Reuters. The Dow Jones Industrial Average fell 106.38 points to 17,322.51, the S&P 500 composite index...

Steve Comber Joins ManTech as Health Business SVP, GM

Steve Comber
Steve Comber Steve Comber, formerly president of Leidos‘ (NYSE: LDOS) health group, has joined ManTech International (NASDAQ: MANT) as senior vice president and general manager of the company’s federal health business unit. “Federal health (information technology) is a strategic focus for ManTech,” George Pedersen, ManTech chairman and CEO, said Tuesday. At ManTech, Comber...

January 13 Market Close: GovCon Index Gains, US Stocks Slip Over Europe Concerns

GovConIndexUP
The GovCon Index rallied with a gain of 0.425 points — or 0.302 percent — to close at 70.762 on Tuesday. Concerns over the prospects of economic growth in Europe weighed on trading activity in the U.S. and investors will watch for a potential stimulus from Europe’s central bank, the Wall Street Journal reports. The Dow Jones Industrial Average retreated 27.16 points to 17,613.68,...

WBB, SAIC, Metron Win Spots on $180M Navy Contract

Contract
The U.S. Navy has awarded Whitney Bradley & Brown, Science Applications International Corp. (NYSE: SAIC) and Metron positions to compete for task orders under an indefinite-delivery/indefinite-quantity contract worth $180.5 million. The Defense Department said Dec. 29 that the contract includes warfare, campaign and mission-level analyses and assessments, modeling and simulation, and support...

SAIC Founder Robert Beyster Dies at Age 90

Robert-Beyster
Dr. Robert Beyster, the iconic founder of Science Applications International Corp. (NYSE: SAI) and a legend in the GovCon sector, died Monday morning of natural causes at age 90, the family said on Beyster’s personal blog Monday. Beyster founded SAIC in 1969 as an employee-owned company and it has since grown to a company with $11 billion in annual revenue prior to its 2013 split into Leidos (NYSE:...

December 10 Market Close: GovCon Index Tumbles, SAIC Jumps for 2nd Straight Day

GovConIndex
The GovCon Index tumbled 2.055 percent — or 1.394 points — to close at 69.214 on a Wednesday that saw only two out of 30 companies on the index show gains: Science Applications International Corp. (NYSE: SAI) and Serco Inc. SAIC’s stock price increased for a second consecutive day after the company said its third-quarter revenue increased 2 percent year-over-year when excluding...

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...

SAIC Reports Slight 3Q Revenue, Profit Bumps

SAIC logo
Science Applications International Corp. (NYSE: SAI) has reported financial results for the third quarter of the company’s 2015 fiscal year ended Oct. 31, 2014, almost a year after SAIC completed its separation from the company now known as Leidos (NYSE: LDOS). McLean, Virginia-based SAIC officially became an independent company on Sept. 27, 2013 during the first quarter of the 2014 fiscal...

November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

GovConIndex
The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115. Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over medium-term inflation, CNBC reported. Fed members expect inflation to...

November 10 End of Day Report: GovCon Index Holds Relatively Level From Friday’s Close

GovConIndex
The GovCon Index ended Monday’s trading day at 68.240 — a nominal increase of 0.311 percent from Friday, or 0.213 points. CNBC reported that the Dow Jones Industrial Average and S&P 500 composite index both closed Monday at record highs on the heels of positive earnings reports and price increases of healthcare stocks during the trading day. The Dow closed 0.23 percent higher...