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Tag Archives: Triple Canopy

Former IBM Govt Lead Chuck Prow Appointed CEO at Vectrus

Chuck Prow, a former head of IBM‘s (NYSE: IBM) global government business and a 12-year Big Blue veteran, has joined Colorado Springs-based government services contractor Vectrus (NYSE: VEC) as CEO and board of directors member in a transition that took effect Tuesday. Vectrus announced the transition in a Tuesday release and said Ken …

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Natl Security Market Vet Susan Holley Named SC3 Business Devt SVP; David Page Comments

Susan Holley, a 26-year national security services industry veteran, has joined SC3 as senior vice president of business development at the Alexandria, Virginia-based technology and consulting services contractor. SC3 said that Holley will report directly to CEO David Page and lead the company’s efforts to identify new business opportunities, partnerships and …

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Vectrus Says Army to Re-Open Bids for Kuwait Logistics Contract, Narrows Earnings Guidance With Revenue Outlook Lift

GovCon Index-listed Vectrus (NYSE: VEC) said Tuesday the U.S. Army will seek revised proposals for a recompeted logistics contract the company originally was not selected for in late September as the program’s current iteration represents the largest the contractor’s portfolio. Vectrus added it is also awaiting a Government Accountability Office decision on a …

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October 3 Morning Report: GovCon Index Closes September With Loss, Maintains YTD Gain

Executive Mosaic’s GovCon Index recorded a 0.232-percent drop Friday to 80.575 and closed September with a 1.13-percent loss. McKesson Corp. (NYSE: MCK) was the top gainer for both GCI stocks and stocks co-listed with the S&P 500. KBR (NYSE: KBR), whose joint venture with Triple Canopy won the $117.8 million Kuwait Base Operations and Security Support Services …

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September 30 Market Close: GovCon Index Held By Vectrus Plunge Against S&P Gain, Post 2nd Straight Down Month

Executive Mosaic’s GovCon Index failed to reverse its steep morning decline Friday despite a significant gain by the S&P 500 as a record intraday plunge by Vectrus (NYSE: VEC) on a large contract loss weighed on the GCI against a 2-to-1 ratio in favor of green stocks. Six of the GovCon Index’s 11 S&P 500 …

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KBR-Triple Canopy JV Wins $118M Contract for Army Security Services in Kuwait, Vectrus Shares Plummet on Loss

A joint venture of KBR (NYSE: KBR) and Triple Canopy has won a one-year, $117.8 million contract that includes separately-funded option periods to operate a U.S. Army base in Kuwait and provide security support services for the military branch’s area support group in the country. KBR-Triple Canopy LLC will perform work through Sept. 29, 2017, the Defense Department …

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Apollo Group, Constellis Executives to Buy Out Security Services Contractor

A group of investors including New York City-based Apollo Global Management (NYSE: APO) along with executive team members at Constellis Group have agreed to undertake a buyout of the global security services contractor for an undisclosed sum. Constellis Group said Friday it expects the transaction to close by the end of September and the …

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State Dept Chooses 7 for New Worldwide Protective Services Contract

Seven companies have been awarded spots on a potential five-year, multibillion-dollar contract to help protect State Department facilities and personnel based in high-threat areas globally. A FedBizOpps notice posted Feb. 12 listed the awardees for the State Department’s Worldwide Protective Services 2 program that covers static guard, team-based emergency response and armed personal …

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Air Force Awards 15 Spots on $975M National Security, Logistics Support IDIQ

The U.S. Air Force has awarded 15 companies positions on a potential nine-year, $975 million contract to provide logistics support and help U.S. and partner agencies carry out national security missions. The service branch received 16 proposals for the multiple-award, indefinite-delivery/indefinite-quantity contract, the Defense Department said Monday. The contractors will compete for task …

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Triple Canopy Lands $48M DHS Protective Services Contract; Mo Mulligan Comments

Triple Canopy has won a potential five-year $47.8 million contract with the Department of Homeland Security to control access at federally-owned and leased facilities in Oklahoma City and Tulsa. Security officers will perform x-ray screening, vehicle access control and mobile and foot patrol services at the sites under the contract, Triple Canopy …

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