Executive Mosaic’s GovCon Index ended higher Friday at $5,212.93 (+0.37%) as it continues to rebound from its worst weekly performance. The index, which tracks the stock performances of 30 major government contractors, advanced 1.05% for the week following positive returns since Wednesday. Wall Street’s post-election rally is over, although the ...
On the heels of the 2024 presidential election, the GovCon market is bracing for major change and transformation. Looking ahead to 2025, much is still in the air for the public sector, but there are still clear emerging themes and momentum in the market. Baird Managing Director Jean Stack, a Wash100 Award winner, dove into these market...
Kelli Murphy has joined Peraton as vice president of strategy for the citizen security and public services sector, the executive announced in a LinkedIn post Wednesday. Murphy most recently served as vice president for the Department of Homeland Security at Pyramid Systems. Before that, she was a senior principal of business development at Science A...
Prism Maritime has secured a $25.5 million cost-plus-fixed-fee contract from the U.S. Navy to provide alteration installation team and in-service engineering agent support. The Department of Defense said Wednesday that the contract includes options that, if exercised, will bring the total value of the effort to $218.4 million. Under the contract, th...
Kenneth Hofgesang Jr., a more than 20-year industry veteran, has been appointed vice president of health at RELI Group. The Baltimore, Maryland-based business conglomerate said Hofgesang’s appointment became official Wednesday. In his new role, the executive will leverage his extensive experience in account and project management, busine...
Several bureaus under the State Department are in need of a mechanism for ordering professional services in support of regional and international organizations located outside the continental United States. In connection, the department is tentatively planning to post a request for proposal for an indefinite-delivery/indefinite-quantity contract tha...
Fresh off nearly a decade at Capgemini Government Solutions, Wash100 Award winner Bill Webner joined Summit Technology Consulting Group in June. However, that venture has, with Webner’s help, now rebranded, transforming into the new Allocore. We were excited to catch up with this accomplished executive to learn about the new company, what it ...
Executive Mosaic’s GovCon Index registered its largest single-day loss this week and a massive 9.31% weekly loss. Besides the 6.2% plunge Thursday, the substantial gains (+4.7%) from the previous record-setting week were gone. The index, which tracks the stock performances of 30 major government contractors, closed 1.78% lower at $5,160.07 Fri...
The U.S. Air Force has added Delta Resources, General Dynamics Information Technology and Modern Technology Solutions to the Pool 1 awardees on the potential $33.16 billion Information Analysis Center, or IAC, multiple-award contract to support research and development across the Department of Defense. The work, which will be performed in various lo...
The Missile Defense Agency has awarded Northrop Grumman $540.9 million in funding to support the company’s development of the Glide Phase Interceptor, a technology to detect and intercept hypersonic weapons. Work on the weapon countermeasure platform will be performed in Chandler, Arizona, until November 2029, the Department of Defense said Wednes...
