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July 29 Market Close: GovCon Index Extends Climb, US Stocks Move Up After Fed Reports Economic Improvement

The GovCon Index gained at least a full point for the second consecutive trading session Wednesday with a gain of 1.949 percent — or 1.464 points — to close at 76.592. General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) both posted second quarter results that beat Wall Street expectations, Bloomberg reported. …

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NASA Taps 13 Companies for Aerospace Research at Glenn Center

NASA has selected 13 companies to support aerospace research and provide propulsion and communications systems to the Glenn Research Center in Ohio under five-year contracts with a maximum value of $190 million. The space agency said Wednesday awardees will work to develop, verify and demonstrate communications, propulsion, structures and materials technology for space …

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July 28 Market Close: GovCon Index Rides 3-Digit Dow Rally, Energy Leads US Stock Gains

The GovCon Index snapped a five-day streak of losses Tuesday with a rebound of 1.244 percent to close at 75.127 on a day that saw the major U.S. stock indices record gains of nearly similar margins. Energy shares were the largest gainers in the S&P 500 at a 3-percent jump for …

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Harris Receives $15 Million Contract to Provide Acoustic Sensors

Harris Corp. announced Wednesday  it received a $15 million, 4 year follow-on contract to provide acoustic sensors for installation on the U.S. Navy’s Virginia-class submarines. The sensors are designed to facilitate data sharing between the LWWAA system and the submarine’s combat platform for monitoring of ships and other vessels. Jim Brunelle, director of undersea …

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July 20 Market Close: GovCon Index, US Stocks Slightly Up as Investors Digest Earnings

The GovCon Index closed in neutral territory Monday with a nominal gain of 0.040 points to 77.143. Lockheed Martin‘s (NYSE: LMT) stock price jumped nearly 2 percent after the company said it would examine a separation of its information technology and technical services business and its agreement to purchase helicopter manufacturer Sikorsky Aircraft from United …

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DIA Picks 50 for Potential $6B Enterprise IT Services IDIQ

The U.S. Defense Intelligence Agency has selected 50 companies to compete for task orders to provide information technology support services to defense and intelligence agencies under a potential five-year, $6 billion contract vehicle. DIA said Friday it received 77 proposals for the Enhanced Solutions for the Information Technology Enterprise program …

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State Dept OKs South Korea’s Request for $2.5B in F-16 Upgrade Services

South Korea plans to modernize the country’s KF-16 fighter aircraft fleet through a potential $2.5 billion foreign military sales deal approved by the U.S. State Department. Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) will be the prime contractors for the planned modernization of 134 KF-16C/D Block 52 jets, …

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July 7 Market Close: GovCon Index Gains, US Stocks Mixed as Greece Watch Continues

The GovCon Index recovered ground from two days of losses to close with a gain of 0.411 points and end at 75.015. U.S. stocks closed slightly higher in a choppy day of trading that saw gains in commodities such as crude oil, copper and gold, the Wall Street Journal reported. Greece’s debt …

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June 17 Market Close: GovCon Index, US Stocks Climb After Fed Rate Hike Comments

The GovCon Index continued its climb from Monday’s large decline in Wednesday’s trading session to close up 0.190 points and end at 76.438. Investors reacted positively to comments from Federal Reserve officials that they are holding to their forecast of an interest rate hike by the end of the year as Fed Chairwoman Janet Yellen …

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Tony Smeraglinolo: Engility Supports Navy Drone Refueling Program with Navigation Software

TYSONS CORNER, VA June 15, 2015 — Executive Mosaic — Engility Holdings (NYSE: EGL) helped demonstrate an aerial refueling of the Northrop Grumman-built (NYSE: NOC) X-47B unmanned aircraft in April using navigation software the Chantilly firm has created for the U.S. Navy, ExecutiveBiz reported Friday. Tony Smeraglinolo, Engility president and …

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