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April 8 Market Close: GovCon Index Up, Markets Flunctuate as Fed Minutes Show Split Over Rate Hike

The GovCon Index closed up Wednesday with a gain of 0.293 points to 69.277 on a day that saw U.S. stocks fluctuate after the release of the Federal Reserve‘s March meeting minutes. Those minutes indicate a split in the Federal Open Market Committee’s membership over when the central bank would raise interest …

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April 6 Morning Report: GovCon Index Slightly Up on Thursday’s Close

The GovCon Index slightly increased on the last trading day before Easter weekend, up 0.062 points to close at 68.657. The Dow Jones Industrial Average rose 65.06 points to 17, 763.24, the Standard & Poor’s 500 composite index gained 7.27 points to 2, 066.96 and the NASDAQ composite index rose 6.71 points to 4, 886.94. Top Percentage Gainers …

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April 2 Market Close: GovCon Index Inches Up, Traders Eye Iran Talks

The GovCon Index closed on a nominal rise Thursday — up 0.062 points to 68.857 — and recorded an even 15-15 split between risers and fallers. The final trading day of the week saw news of a possible nuclear agreement between Iran and major world powers weigh on investors, who largely want to see …

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DARPA Picks 4 Contractors to Make Subreflector-Based Imaging Radars

The Defense Advanced Research Projects Agency has awarded four companies contracts worth up to $11.3 million combined for the Advanced Scanning Technology for Imaging Radars program, Military & Aerospace Electronics reported Friday. John Keller writes the companies will work to develop new imaging radars that use electronic subreflector designs for scans. Contract details include: First …

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Defense News: General Dynamics Ends Prime Role on Air Force T-X Trainer Program Pursuit

General Dynamics (NYSE: GD) has decided to abandon the company’s pursuit for the U.S. Air Force’s T-X trainer replacement program as a prime contractor, Defense News reported Thursday. The company told the publication it made the decision after the information systems and technology group’s reorganization, which completed in January. Alenia Aermacchi originally partnered with …

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Air Force Releases Specs for Trainer Jet Replacement Program

The U.S. Air Force has published a set of capability requirements for the military service’s future T-X trainer aircraft, Defense News reported Friday. Aaron Mehta writes USAF’s top-level trainer specifications call for sustained G, simulator visual acuity and performance and aircraft sustainment. Other system requirements include aerial refueling, a 10-knot …

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United Launch Services Awarded Solar Probe Plus Launch

United Launch Services, a subsidiary of United Launch Alliance LLC,  will render the launch services for NASA‘s planned Solar Probe Plus satellite, scheduled in two years. The space agency, which announced the $389.1 million contract award Wednesday, said the 20-day launch period for the SPP will commence on July 31, 2018. The SPP, currently under construction at the Johns Hopkins University Applied …

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Pamela Drew Named to Wash100 for Leadership in Air Traffic Control Sector

Executive Mosaic, Tysons Corner, VA March 18, 2015 – Pamela Drew, senior vice president for information systems at Exelis, has been elected into Executive Mosaic’s Wash100 list of the most influential leaders in GovCon for her role in the group’s recent contract wins in the air traffic control sector. The Wash100 is …

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Serco Inc. CEO Dan Allen Inducted Into Wash100; Recognized For His Leadership With U.S. Navy

Executive Mosaic, Tysons Corner, VA March 13, 2015 – Dan Allen, who heads Serco Group‘s North American business, has been inducted into Executive Mosaic’s Wash100 list of the most influential leaders in GovCon for his role in the group’s key contract wins from the U.S. Navy in the past year. …

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William LaPlante: Air Force Could Use Cost-Plus Contract to Procure Long-Range Bomber

William LaPlante, assistant secretary for acquisition at the U.S. Air Force, said he expects the military branch to use a cost-plus pricing strategy for the service’s long-range strike bomber development program, Defense News reported Thursday. “My belief on the LRS-B is its going to be more traditional, ” LaPlante told …

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