November 7 Morning Report: GovCon Index Up on Thursday’s Close

GovConIndex
The GovCon Index closed Thursday at 68.486, up 0.086 or 0.126 percent. Reuters reported Thursday market optimism over anticipation that the European Central Bank may be getting ready with new measures to bolster the eurozone. The Dow Jones industrial average hit a record high, up 69.94 points, or 0.4 percent, to 17,554.5, while Standard & Poor’s 500 closed 7.64 points, up.0.38 percent,...

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...

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...

October 17 Morning Report: GovCon Index Up Slightly at Market Close

GovConIndex
With mixed market results, the GovCon Index closed slightly up by 0.359 points — or 0.569 percent — to 62.777. The S&P 500 closed flat at 1,862.76 as the energy sector lead gains for that index. The Dow Jones Industrial Average slipped 24.5 points, or 0.2 percent, to 16,116.24 and the Nasdaq Composite ticked up 2 points to 4,217.39.   Top Percentage Gainers Company Stock...

Serco to Help Navy Assemble Medical Systems; Dan Allen Comments

Dan Allen
Dan Allen Serco Inc. will assemble and refurbish deployable medical systems to support the U.S. Navy’s healthcare services for warfighters and humanitarian workers worldwide under a potential five-year, $22.7 million contract. The contract contains a one-year base period and four one-year options, Serco said Monday. “We look forward to continuing to support the Navy Expeditionary Medical Support...

David Eveleigh to Join Serco as General Counsel, Company Secretary; Rupert Soames Comments

Serco Logo_ExecutiveBiz
David Eveleigh, general counsel of BT Global Services, will join Serco as group general counsel, company secretary and member of the group executive committee effective November 17. Serco said Friday Eveleigh will oversee the group’s legal affairs and replace John Hickey as company secretary following the latter’s appointment to another role. “David Eveleigh is a highly accomplished...

CMS Renews Serco Inc.’s Obamacare Application Processing Contract

Serco Inc. will continue processing Obamacare applications for an additional year under an estimated $98 million contract renewals awarded by the Centers for Medicare and Medicaid Services, the St. Louis Post – Dispatch reported Thursday. Chuck Raasch writes Serco began work on the new contract on July 1 at its Wentzville, Missouri-based application processing office. “We have an option to renew...

Serco Wins Five-year European Space Agency IT support contract

In league with Capgemini and Orange Business Services (OBS) Serco has received a new contract to provide IT support services to the European Space Agency (ESA). The €55 million quinary agreement has flexibility for a two-year extension, beginning on the first of July. Conditional to this contract Serco will be able to give their European cohorts a diverse selection of Workplace Support services,...

Ed Casey Appointed Serco Group COO

ed casey small_small
Ed Casey Ed Casey, acting CEO of Serco Group since October, has been appointed chief operating officer for the U.K.-based government services contractor as Rupert Soames takes chief executive post on a permanent basis Wednesday. Casey will continue to serve on the board of directors and the board will consider resolutions regarding both Casey’s and Soames’ appointments to the board at the...

Navy Taps CACI, Honeywell, Serco for Electronic Surveillance Systems Support

NavyC5ISR
CACI International (NYSE: CACI), Honeywell (NYSE: HON) and Serco Inc. will compete for task orders to perform technical support and related services for U.S. Navy electronic surveillance systems under a set of potential five-year contracts. The Navy will also award work for lifecycle sustainment, integration and acquisition support services for defense and other government entities, the Defense Department...