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April 8 Market Close: GovCon Index Hits Late PM Volatility, Ends at Nominal Weekly Decline

The GovCon Index gradually tumbled from a strong open Friday and fell sharply in late afternoon trade to end at a nominal gain of 0.197 points to 74.227, which puts the GCI at a weekly loss for the second time in three weeks. The GCI posted a nominal 0.103-point loss from …

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Weekly Roundup April 4 – April 8 2016: Leidos Adds Zika Vaccine Program to Burgeoning Health Biz & more

April 4 – April 8 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The global effort to combat the spread of mosquito-borne Zika virus in the Western Hemisphere now will include the company soon to become the largest U.S. government services contractor. …

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Air Force Plans $533M Construction Projects at Eielson AFB for F-35 Fleet

TYSONS CORNER, VA, April 8, 2016 — The U.S. Air Force could spend an estimated $533 million on the construction of hangars and other facilities to accommodate the service branch’s fleet of Lockheed Martin-built (NYSE: LMT) F-35 jets at Eielson Air Force Base, Executive Gov reported Thursday. Newsminer reported Wednesday 46 construction, remodeling and demolition …

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State Dept OKs Australia’s Request for $386M in Boeing Small Diameter Bombs

The State Department has cleared a potential $386 million foreign military sale of GBU-39/B Small Diameter Bombs Increment 1 weapons and related equipment to Australia. The Defense Security Cooperation Agency said Wednesday the sale includes up to 2, 950 GBU-39/B bombs,  50 guided test vehicles equipped with inert fuze, spare and repair parts, training,  engineering, logistics and technical support …

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CAE Gets $133M in Military Aircraft Simulator, Training System Orders; Gene Colabatistto Comments

CAE (NYSE: CAE) has captured contracts worth a combined $132.8 million to provide flight simulation equipment and pilot training services to multiple domestic and international defense customers. The company said Wednesday it received a contract from Lockheed Martin (NYSE: LMT) to build Phenom 100 synthetic training devices for a U.K. military flying training program and another …

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April 5 Market Close: GovCon Index Slides on Durable Goods Slump, IMF Head’s Warning on Economic Risk

The GovCon Index tumbled for a third consecutive session Tuesday at 0.294 points to 73.895 as U.S. investors weighed new economic data that showed mixed pictures for the domestic economy and remarks from International Monetary Fund leader Christine Lagarde that a global recovery is surrounded by political risk and instability. Chantilly, Virginia-based government services contractor …

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DMEA Picks 8 Firms for $7B Follow-On Advanced Tech Engineering Services IDIQ

The Defense Microelectronics Activity has awarded positions on a potential $7.2 billion contract vehicle to eight companies to support the agency’s work on new technology insertions and applications for military systems. Contractors will bid for individual task orders over a 10-year ordering period to engineer components for the Defense Department to address operational issues with electronics’ hardware and software …

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James Reagan Makes 2016 Wash100 List for Leadership in M&A and Financial Structure

James Reagan,  Leidos Holdings chief financial officer ,  has been inducted into Executive Mosaic’s Wash100 List of the most influential leaders in GovCon for his leadership in mergers and acquisitions and financial structure. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic’s organizational and editorial …

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Craig Reed Joins IT Services Contractor NT Concepts as President, COO

Craig Reed, a three-decade GovCon veteran and former senior vice president from Engility (NYSE: EGL), has joined Vienna, Virginia-based information technology government services contractor NT Concepts as president and chief operating officer. NT Concepts said Thursday Reed will oversee operations, growth strategies and business development efforts at the company as it aims to elevate its …

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BAE Lands $75M Combat ID Tech Support IDIQ With US Navy, Int’l Clients

BAE Systems Inc., the British defense contractor’s U.S. subsidiary, has won a potential four-year, $75.3 million contract to perform engineering and technical work on combat identification systems for the U.S. Navy. The Defense Department said Monday the company will provide 1, 075, 200 man-hours of CIDS support to the Naval Air …

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