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November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115. Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over …

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November 18 Market Close: GovCon Index Rises as Traders Find Positivity From Japan, Europe

The GovCon Index rose 0.9 percent during Tuesday’s trading day to close at 69.350. ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) recorded the largest increases among listed companies as both firms said Tuesday they will continue to pursue the two-part transaction that sees ATK’s sporting group become an independent company and Orbital …

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November 13 Market Close: GovCon Index Extends Week of Gains

The GovCon Index ended Thursday’s trading day at 68.992 — an increase of 0.626 percent from Wednesday and a close that represents the index’s fourth straight day of nominal gains. Bloomberg cited corporate deals and a positive earnings report from Walmart as among the factors that offset downturns in energy stocks …

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Canada Taps General Dynamics for Wideband Global SATCOM Station Program

Canada’s defense department has awarded approximately $70 million in contracts to General Dynamics Canada (NYSE: GD) for work to design, build and support three communications stations for the country’s military to connect to the Wideband Global SATCOM satellite constellation. The department said Wednesday that these contracts fall under the anchor …

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NGA Taps 5 Firms for GEOINT Tools Development Project

The U.S. National Geospatial-Intelligence Agency has awarded contracts to five companies to develop methods and tools for analyzing multiple layers of geographic-based intelligence data. NGA received 73 proposals for a competition designed to bolster the agency’s Map of the World GEOINT infrastructure, the agency said Oct. 10. Boeing (NYSE: BA) …

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Tim Glaeser: Raytheon Expects US, Qatar to Close Patriot System Deal By 2014’s End

Tim Glaeser, a vice president at Raytheon (NYSE: RTN), expects the governments of U.S. and Qatar to reach an agreement by the end of the year for Qatar to purchase a Patriot missile defense system from the U.S. through a foreign military sales agreement, Reuters reported Tuesday. Glaeser, vice president of Raytheon’s integrated defense …

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October 6 Midday: GovConIndex Shows Slight Drop in Late AM

The GovConIndex at midday on Monday is down 0.040 — or 0.062 percent — to 64.045330 after showing a positive direction all morning. Gainers lead laggers 16 to 14, respectively. Hewlett Packard (NYSE: HPQ) jumped 4.36 percent after the computer technology and services firm said it plans to split into two independent companies. Boeing‘s (NYSE:BA) shares …

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Executive Mosaic Launches GovConIndex

Executive Mosaic Inc. has launched the Executive Mosaic GovConIndex; a composite index that tracks 30 of the leading publicly traded Government Contracting (GovCon) Companies. The goal of the index is to measure the health and performance of the GovCon industry through changes in the aggregate price of the component stocks. The represented …

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Rudy deLeon Joins General Dynamics Board of Directors; Phebe Novakovic Comments

Rudy deLeon,  a senior fellow with the Center for American Progress, has joined General Dynamics‘ (NYSE: GD) board of directors. DeLeon is a former Pentagon chief operating officer and served on both the Deputies Committee of the National Security Council and the National Partnership Council before he left federal service in 2001,  General …

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Army Taps Six Vendors for $250M Automated Test Systems Support IDIQ

The U.S. Army has awarded positions on a six-year, $249.9 million contract to six companies for engineering support services to the branch’s armament research, development and engineering center. Awardees will compete for task orders to perform work under the multiple award, indefinite-delivery/indefinite-quantity, firm-fixed-price contract,  the Defense Department said Tuesday. The Army Contracting …

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