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

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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

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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...

November 6 Morning Report: GovCon Index Down on Wednesday’s Close

GovConIndex
The GovCon Index closed Wednesday at 68.400, down 0.093 or 0.137 percent.         Top Percentage Gainers Company Stock Price % Change ManTech International Corp. 29.71 3.30% Navistar 35.83 2.52% Textron 42.05 1.64% Honeywell 96.71 1.49% SAIC 50.32 1.41% Market Summary Advancing Issues 18 (60.00%) Declining Issues 12 (50.00%) Unchanged Issues 0 The Executive...

November 4 Morning Report: GovCon Index Up on Monday’s Close

GovConIndex
The GovCon Index closed Monday at 68.439, slightly up 0.022 or 0.032 percent. U.S. indexes hit intraday highs before ending lower ahead of the Tuesday midterm elections, Market Watch reported Monday. The Dow Jones industrial average closed at 17,366.24, down 24.28 points or 0.1 percent, while the Standard & Poors 500 benchmark index ended at 2,017.81, down 0.24 point or 0.01 percent.   Top...

November 3 Morning Report: GovCon Index to Open at 68.417

GovConIndex
The GovCon Index closed Friday at 68.417, up 0.714 or 1.033 percent. Market indicators ended the month of October on a high Friday, with the Dow Jones industrial average adding 195.10 points (1.1 percent) to end at 17,390.52, according to a Market Watch report. Standard & Poor’s 500 gained 23.40 points, or 1.2 percent, to close at 2,018.05, and the Nasdaq composite gained 64.60 points (1.4...

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...

Mark Escobar: SAIC to Help Manage Supply Chain, Logistics at Navy Fleet Readiness Hubs

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Science Applications International Corp. (NYSE: SAIC) has won a potential 10-year, $240 million contract to provide supply chain management and logistics services to the U.S. Navy‘s fleet readiness centers. The FRCs work to maintain and repair naval aircraft, as well as build airframes, engines, components and support equipment for the Naval Aviation Enterprise, SAIC said Monday. The indefinite-delivery/indefinite-quantity...

SAIC Lands $424M Defense Logistics Agency Maintenance, Operations Contract

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Science Application International Corp. (NYSE: SAIC) has won a $423.8 million contract with the Defense Logistics Agency to provide maintenance, repair and operations services to the U.S. military. The contract contains a two-year base period and two 18-month options, the Defense Department said Monday. The Fairfield, New Jersey-based company will perform the services for the U.S. Army, Navy,...

SAIC to Provide Navy With Supply Chain Mgmt Support for Up to $144M

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Science Applications International Corp. (NYSE: SAIC) has won a potential 10-year, $144 million supply chain management contract for the U.S. Navy‘s industrial hardware used in the repair, maintenance and overhaul of aviation equipment. The Defense Department said Friday work on the indefinite-delivery/indefinite-quantity contract will be performed in California, Florida, North Carolina and...

CSC Vet Sam Visner Joins ICF as Cybersecurity Business SVP, GM

Sam Visner
Sam Visner Sam Visner, a 35-year cybersecurity and intelligence veteran and a former Computer Sciences Corp. (NYSE: CSC) executive, has joined ICF International as senior vice president and general manager of the Fairfax, Virginia-based company’s cybersecurity business. “Sam is a recognized authority in cyber policy, programs and technology. Bringing Sam to ICF demonstrates our commitment...