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February 27 Morning Report: GovCon Index Gets Boost as Trump Reaffirms Military Buildup Plan

Executive Mosaic’s GovCon Index posted a 0.625-point climb Friday to record a fourth consecutive weekly gain as defense stocks received a boost from President Donald Trump’s reiteration of his presidential campaign pledge to build up the military. GCI advancers outnumbered decliners by a 4-to-1 ratio with Huntington Ingalls Industries (NYSE: HII) …

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MacDonald Dettwiler to Purchase DigitalGlobe in $3.6B Deal

Canada-based communications services company MacDonald, Dettwiler and Associates has agreed to acquire Earth imaging services provider DigitalGlobe (NYSE: DGI) in an estimated $3.6 billion transaction to expand MDA’s footprint in the global satellite imagery market. MDA said Friday it will pay $2.4 billion in cash-and-stock for DigitalGlobe — $17.50 in cash and one-third of an MDA …

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ERAPSCO Secures $65M Navy Sonobuoy Production Funds

ERAPSCO, a joint venture between Ultra Electronics and Sparton (NYSE: SPA), has been awarded $64.6 million in contract funds to continue manufacturing sonobuoys for the U.S. Navy. The Ultra Electronics USSI and Sparton De Leon Springs businesses will respectively receive $29.3 million and $35.3 million subcontracts as part of the GFY17 ERAPSCO indefinite-delivery, indefinite-quantity contract, …

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TransDigm Buys Takata’s Aerospace & Defense Businesses for $90M

Cleveland-based aerospace components maker TransDigm Group (NYSE: TDG) has purchased Takata Corp.’s aerospace and defense businesses as well as related assets and liabilities for approximately $90 million cash. TransDigm said Wednesday the transaction covers Takata’s Schroth Safety Products and Takata Protection Systems businesses. Both businesses will operate under the name Schroth and focus on the design and …

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5 Firms Win Spots on Navy Chief of Information HQ Support Contract

The U.S. Navy has awarded five companies positions on a five-year, $42.6 million indefinite-delivery/indefinite-quantity contract to provide support services to the military branch’s chief of information headquarters and its field activities. The Defense Department said Thursday task orders will cover visual information systems and imagery marketing; media relations; public affairs professional and community …

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Navy Taps 4 Companies for ICT Equipment Supply Contracts

The U.S. Navy has selected four companies to supply a range of information communication technology equipment under low-, medium- and high-risk categories. The Defense Department said Thursday Cypher Analytics and CyberCore Technologies each won a potential $47.5 million contract and that both companies can vie for delivery orders under all risk categories. ALOM Technologies …

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February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

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