Search Results for: General Dynamics

Navy Adds CGI, DRS Units to Consolidated Shipboard Networks Contract

The U.S. Navy has awarded CGI (NYSE: GIB) and DRS Technologies business segments positions on an eight-year, $2.5 billion contract to provide production units of the Consolidated Afloat Networks and Enterprise Services system. The Defense Department said Thursday that CGI Federal and DRS Laurel Technologies can compete for task orders under the indefinite-delivery/indefinite-quantity contract alongside …

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Andy Maner: IBM-Epic Team Forms Advisory Group for Potential DoD EHR Project

IBM (NYSE: IBM) and Epic have formed a Military Health System advisory group to provide industry best practices in support of the team’s contract bid for the modernization of the Defense Department‘s healthcare management system. A press release posted Thursday on FierceHealthIT stated that the group will help guide the IBM-Epic team in the …

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January 6 Market Close: GovCon Index Fall Continues as Factory Report Shows November Downturn

The GovCon Index lost ground Tuesday for a third consecutive trading day as it fell 0.557 points — or 0.814 percent — to close at 69.062. Northrop Grumman (NYSE: NOC), Computer Sciences Corp. (NYSE: CSC) and General Dynamics (NYSE: GD) were the only companies on the index to record gains. Losses in the energy …

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Krisstie Kondrotis Appointed BD SVP at Spirit AeroSystems

Krisstie Kondrotis, formerly vice president of business development at Northrop Grumman‘s (NYSE: NOC) information systems business, has joined aerostructures maker Spirit AeroSystems as senior VP for business development. The Wichita, Kan.-based company said Monday Kondrotis will be in charge of the company’s global marketing and partnership efforts in the commercial and defense markets. Kondrotis has …

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State Dept OKs $3B Abrams Tank, Humvee Sale to Iraq

The State Department has approved two foreign military sales agreements worth around $3 billion combined with Iraq for General Dynamics-built (NYSE: GD) Abrams tanks,  up-armored Humvees and related equipment and accessories. A Defense Security Cooperation Agency notice released Friday says Iraq asked to buy $2.4 billion in M1A1 Abrams tanks from the …

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The Deals, Moves and Shakeups That Drove GovCon in 2014

EDITORS NOTE: The piece below is a special edition of the Weekly Roundup newsletter written by Jim Garrettson, president and founder of this website’s parent company Executive Mosaic, to recap the biggest stories in the GovCon sector for 2014. In this year-end issue, Jim wraps up the year with a …

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Navy Prepares C4I, Surface Combatant Tech Support Contract

The U.S. Navy plans to award a new potential two-year contract for support work on the branch’s C4I, surface vessel warfare and tactical systems. In a notice published Friday on FedBizOpps, the Navy said that contract would contain one base year and one option year. General Dynamics (NYSE: GD) and Raytheon (NYSE: RTN) currently …

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October 27 Morning Report: GovCon Index Closes on Monthly High

The GovCon Index closed Friday reaching a monthly high at 65.994, up 0.260 or 0.393 percent after a week of strong third quarter corporate earnings.   Top Percentage Gainers Company Stock Price % Change AECOM Technology 32.60 1.97% General Dynamics 132.50 1.66% Maximus 43.54 1.61% Textron 38.76 1.57% Booz Allen …

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October 24 Morning Report: GovCon Index Up at Market Close

The GovCon Index closed up at 65.734 on Thursday, a change of 1.150 point or 1.719 percent from the previous day.       Top Percentage Gainers Company Stock Price % Change Navistar 34.70 4.96% Textron 38.16 4.26% Northrop Grumman 129.20 3.27% General Dynamics 130.34 3.19% Honeywell 93.58 2.65% Lockheed …

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October 23 Morning Report: GovCon Index Down at Market Close

The 30-company GovCon Index closed at 64.584 on Wednesday, down by 0.270 point or 0.419 percent from the previous day. The Standard & Poors 500 index dropped 0.7 percent to 1927 points, the Nasdaq composite index registered an 0.8 percent fall to 4383 and the Dow Jones industrial average inched down 0.9 percent to 16, 461 as markets …

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