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April 21 Market Close:GovCon Index Up With Major Indices Slightly Down

The Executive Mosaic GovCon Index closed up for the third consecutive day to a weekly high of 91.565 positive 0.252 percent. Advancers and decliners split evenly on the day. The major markets declined slightly on the day as investors watch elections in France closely. However all U.S. market ended the week in …

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State Dept OKs $195M Follow-On C-17 Sustainment Support Deal for Canada

The State Department has approved a potential follow-on $195 million foreign military sale of sustainment support services to Canada’s fleet of C-17 military cargo aircraft. Canada requested aircraft maintenance, logistics, in-country field services, alternate mission, training and support equipment, software, spares, personnel training and engineering support for five C-17 planes, the Defense Security Cooperation …

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William LaPlante Appointed SVP, GM of Mitre’s National Security Center

William LaPlante, formerly a vice president of Mitre, has been appointed as senior vice president and general manager of the nonprofit research company’s Center for National Security. Mitre said Thursday LaPlante will lead efforts to increase the organization’s strategic value across its Defense Department, intelligence and cybersecurity portfolios. CNS is comprised of two Mitre-operated, federally …

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DLA Awards Potential $925M Contract to American Material Handling Equipment

American Material Handling Equipment has won a potential five-year, $925 million contract from the Defense Logistics Agency for the supply of material handling equipment to the U.S. Air Force, Army, Marine Corps and Navy as well as federal civilian agencies. DLA received 38 offers for the contract via a competitive acquisition process, the Defense Department said Thursday. …

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Potomac Officers Club Rounds Out Speakers for Border Protection Innovations & Technology Forum

TYSONS CORNER, VA., April 21, 2017 – The Potomac Officers Club — a division of Executive Mosaic — today announced the list of speakers for the Border Protection Innovations & Technology Forum. The issue of U.S. border security has been an especially hot topic since the election of President Trump. With Trump’s plan …

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April 20 Market Close: GovCon Index and Markets Surge On Speculation of Tax Cuts

The Executive Mosaic GovCon Index closed up almost a full percentage point with advancing stocks 29 to 1 versus decliners. U.S. markets surged as the Treasury Secretary comments gave support that the Trump administration would cut taxes soon. At market close WTI was up $0.18 to $50.26 per barrel as traders speculate …

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UK Defense Ministry Awards BAE $1.8B Nuclear Submarine Construction Contract

BAE Systems has received a potential $1.79 billion contract from the U.K.’s defense ministry to design and build a nuclear-powered attack submarine for the British navy. BAE said Wednesday that Agamemnon will be the sixth of seven Astute-class submarines to be constructed at a company facility in Cumbria, England. Each Astute-class submarine is powered by a nuclear reactor and designed to launch …

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John Holmes Named AAR President, COO; Timothy Romenesko to Retire as Vice Chairman, CFO at Year’s End

John Holmes, chief operating officer of AAR‘s (NYSE: AIR) aviation services business and a 16-year company veteran, has been promoted to the roles of president and CFO in a move that takes effect June 1. AAR said Tuesday Holmes will also begin to serve as a member of its board of directors …

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10 Companies Land $231M Contract Spots to Support Army Combined Arms Center

The U.S. Army has awarded 10 companies positions on a potential five-year, $231 million contract that covers non-personal services for the Army Combined Arms Center. The Defense Department said Wednesday contractors will vie for task orders to help CAC develop and produce training and education strategies, scientific human subject studies, doctrine, concepts, instruction and …

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Former Guggenheim Exec Jonathan Schildkraut Named CyrusOne EVP, Chief Strategy Officer

Jonathan Schildkraut, formerly senior managing director for equity research at investment and consulting firm Guggenheim Partners, has joined CyrusOne (Nasdaq: CONE) as an executive vice president and chief strategy officer at the Dallas-based data center provider. He will report directly to CyrusOne CEO Gary Wojtaszek and oversee the company’s investments, …

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