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William LaPlante to Leave USAF Acquisition Lead Post, Rejoin Mitre

William LaPlante will step down as assistant secretary for acquisition at the U.S. Air Force after three years of civilian service in the branch and transition to a senior role at Mitre, the military branch announced Thursday. The Air Force added the Defense Department will reappoint LaPlante to the Defense Science Board to advise …

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November 16 Market Close: GovCon Index Surges 3% on Defense Stock Volume

The GovCon Index rebounded from a two-day decline Monday with a surge of 2.901 percent to 77.587 on high volume in defense stocks three days after the terrorist attacks in Paris Friday. Ammunition and rocket manufacturer Orbital ATK (NYSE: OA) led all Index gainers at 6.37 percent to $85.19 and 29 out …

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Weekly Roundup Nov 9 – Nov 13 2015: BAE’s Decision Gives Some US Govt Services M&A Clarity & more

Weekly Roundup Nov 9 – Nov 13 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson What will the U.S. government services market look like when we enter 2016 and who will be in it? We received some clarity to that question early Thursday morning …

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Wood Parker Named to Serco’s US Arm Board; Dan Allen Comments

Wood Parker, former president and CEO of Engility’s (NYSE: EGL) TASC subsidiary, has been appointed to the board of directors at Serco Group’s U.S. subsidiary Serco Inc. “Wood’s extensive knowledge and insight into federal government contracting with the department of defense, federal civilian agencies and the intelligence community will be …

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Weekly Roundup Nov 2 – Nov 6 2015: The Numbers Behind Record-Breaking M&A Year, CSC’s US Govt Spinoff Moves Forward & More

Weekly Roundup Nov 2 – Nov 6 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson While government agencies continue to operate at the established levels and tightly control the dollars they have on hand, the stock market is jumping in anticipation …

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Boeing-Lockheed Team Challenges Air Force Bomber Contract Award

The team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) has filed a protest against the U.S. Air Force‘s award of the multibillion dollar Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC) nearly a week after a post-selection debrief. Boeing said in a statement issued Friday they took issue with the Air Force’s evaluations of …

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Christopher Kastner to Become Huntington Ingalls CFO in March 2016; Mike Petters Comments

Christopher Kastner, corporate vice president and general manager of corporate development at Huntington Ingalls Industries (NYSE: HII) will transition into new roles as chief financial officer and corporate VP for business development by March 1. Kastner will succeed the retiring Barbara Niland and oversee business and profit growth strategies as …

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October 28 Market Close: GovCon Index Hits New Record High on Earnings Reports, US Stocks Rise

The GovCon Index rose 2.474 percent to an all-time high of 77.167 Wednesday on strong earnings reports from listed companies and high volume on a positive day for U.S. markets as the Federal Reserve released its latest policy statement. Northrop Grumman (NYSE: NOC) rose 5.48 percent to $190.50 on the U.S. Air Force‘s Tuesday …

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October 27 Market Close: GovCon Index Closes Down, Stocks Decline on Goods Data

The GovCon Index failed to recover from morning session losses Tuesday and closed with a nominal decline of 0.052 points to 75.304. Textron (NYSE: TXT) led all Index gainers at 4.15 percent to $40.43 after the conglomerate reported a 9-percent profit increase in its third quarter and earnings that exceeded Wall Street analyst forecasts despite …

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Bloomberg: Air Force Could Unveil Bomber Contract Winner by Tuesday

The U.S. Air Force has received the go-ahead from Pentagon acquisition chief Frank Kendall to proceed with the awarding of its Long Range Strike Bomber contract, Bloomberg reported Tuesday. Anthony Cappacio and Julie Johnsson write USAF could name Northrop Grumman (NYSE: NOC) or a team of Boeing (NYSE: BA) and …

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