Following Jacobs Engineering Group’s (JEC) official acquisition of KeyW on June 12th, United Technologies Corp. (UTX) has replaced KeyW as a member of the GovConIndex. You can find the daily performance of the GovCon industry, the latest financial news and expert analysis on the GovConIndex right here.
UTX joins the GovConIndex as one of 30 publicly traded GovCon firms to represent a cross-industry analysis of the overall performance of the GovCon sector. The GovConIndex reacts to the ebb and flow of market prices, M&A activity and government regulations. Stock prices are listed in approximately real-time.
Here’s an updated list of the 30 GovCon industry members that make up the GovConIndex:
- AECOM (ACM)
- BAE Systems (BAESY)
- Boeing (BA)
- Booz Allen Hamilton (BAH)
- CACI International (CACI)
- CAE, Inc. (CAE)
- Cubic Corp. (CUB)
- General Dynamics Corp. (GD)
- CGI Group (GBI)
- Huntington Ingalls Industries (HII)
- Honeywell International (HON)
- Harris Corp. (HRS)
- ICF (ICFI)
- Jacobs Engineering (JEC)
- KBR (KBR)
- Kratos Defense and Security Solutions (KTOS)
- Leidos Holdings (LDOS)
- L3 Technologies (LLL)
- Lockheed Martin (LMI)
- ManTech International (MANT)
- Maxar (MAXR)
- Navistar International (NAV)
- Northrop Grumman (NOC)
- Perspecta (PRSP)
- Raytheon (RTN)
- SAIC (SAIC)
- Tetra Tech (TTEK)
- Textron (TXT)
- United Technologies Corp. (UTX)
- Vectrus (VEC)
Dana Deasy, Richard Haley and Steve Tolbert Appointed to New Roles
President Trump announced his intent to nominate Dana Deasy, a 2019 Wash100 Award winner, as the new chief information officer with the Department of Defense on Wednesday. Deasy has served as DoD CIO since May 2018 and the White House’s move comes in compliance with a requirement from the fiscal 2019 National Defense Authorization Act.
Richard Haley, chief financial officer at the FBI, has been appointed to serve as the executive assistant director of the agency’s information and technology branch. He’ll oversee activities across three divisions working to address the FBI’s IT requirements worldwide, the agency said Monday. The FBI’s information and technology branch employs 1,800 personnel.
Also, Steve Tolbert, former SVP and GM of Perspecta’s civilian state and local group, has joined CACI International as the EVP of Business Systems. Tolbert will be responsible for managing the delivery of CACI’s products and services to civilian, intelligence and defense customers.
He is a 27-year veteran of the management consulting and information technology industries.
TCOM and Bechtel Secure Big Deals; Big News Regarding L3 and Harris Merger
The U.S. Army has awarded a potential five-year, $978.9 million contract to assist the service engineer and operate low-altitude aerostats intended for intelligence, surveillance and reconnaissance missions, TCOM announced on Monday.
The Army Contracting Command received three bids for the Persistent Surveillance Systems – Tethered contract via an online solicitation process and will determine funds and work locations upon issuance of each order.
PSS-T is designed to support multisensor data collection, 360-degree monitoring, weather detection, communications and force protection tasks during interagency, multinational and joint operations.
In addition, Bechtel secured a 44-month $383 million contract to design, construct, test and commission a second mobile launcher at NASA’s Kennedy Space Center. The agency said Wednesday that it will use the platform to assemble, process and launch the Space Launch System rocket with the Orion spacecraft on missions moon and Mars.
ML2 will be built to support KSC’s exploration ground systems and will consist of a base structure, a launching platform for SLS and a tower intended to store pre-launch communications, power, fuel and stabilization accessories.
Regarding the all-stock merger between L3 Technologies and Harris, the two companies have set June 29th as the closing date for merger after securing the regulatory clearances to complete the deal. The combined company will operate as L3Harris Technologies and use the ticker symbol “LHX” once it starts trading on the New York Stock Exchange.
“Today’s announcement positions us to close the merger and establish L3Harris as an agile aerospace and defense technology innovator that delivers value for all of our stakeholders,” said Christopher Kubasik, L3 chairman, president and CEO and a 2019 Wash100 Award winner.