Constellation (NYSE: CEG) has been awarded a 23-year, $170 million contract by the Naval Facilities Engineering Command to install energy conservation and distributed generation systems intended to help the U.S. Marine Corps meet energy-efficiency goals. The Exelon Corp. subsidiary will build an 8.5-megawatt biomass-fueled genera...
Executive Mosaic’s GovCon Index posted its biggest percentage decline in four weeks Thursday after Raytheon (NYSE: RTN) and L-3 Communications (NYSE: RTN) posted guidance ranges below Wall Street analysts’ expectations with other large defense primes also the GCI’s largest drags. GovCon Index decliners outnumbered advancers at...
TYSONS CORNER, VA, Oct. 27, 2016 ” A study conducted by Deloitte has found that the total cost overrun of major defense acquisition programs reached $468 billion in 2015 with a 48.3-percent growth from 2008’s $295 billion, ExecutiveBiz reported Tuesday. Deloitte said Monday the report found that there is a trend of cost growth and...
TYSONS CORNER, VA, Oct. 27, 2016 ” Riverbed Technology‘s application performance management tools will be available via Microsoft‘s (Nasdaq: MSFT) public sector cloud marketplace as part of a partnership between the two companies, ExecutiveBiz reported Tuesday. Microsoft’s Azure Government Cloud Marketplace will offer gov...
The Food and Drug Administration has awarded Engility (NYSE: EGL) a potential five-year, $112 million indefinite-delivery/indefinite-quantity contract to provide computational science and bioinformatics services for the FDA’s gene-based drug discovery and development programs. Engility said Thursday it will help the FDA operate, secure an...
Ryan Kearny, an 18-year veteran of F5 Networks (Nasdaq: FFIV), has been named chief technology officer and executive vice president for product development at the Seattle-based application delivery firm. F5 said Wednesday Kearny will report directly to President and CEO John McAdam and oversee the company’s efforts to ...
Executive Mosaic’s GovCon Index traded higher against mixed activity in U.S. stock markets Wednesday for a second consecutive session on large contributions from Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) after both aerospace-defense companies boosted their full-year outlooks. GovCon Index advancers edged ...
TYSONS CORNER, VA, Oct. 26, 2016 ” Andras Szakal, vice president and chief technology officer of IBM‘s (NYSE: IBM) U.S. federal business, has said in a panel discussion that cloud service providers work to deliver purpose-built cloud platforms to meet the needs of both the private and public sectors, ExecutiveBiz reported Thursd...
TYSONS CORNER, VA, Oct. 26, 2016 ” The San Antonio Express-News has featured Mitre Corp. on its Top Workplaces list for 2016 in recognition of the company’s efforts to meet the working environment needs of its employees, GovCon Executive reported Tuesday. The company said Monday its employees gave positive ratings ...
For the government technology services sector, the third quarter was strong and a step up from the prior years™ flat or shrinking activity throughout the industry, according to Bob Kipps, managing director at Tysons Corner-based aerospace and defense investment bank KippsDeSanto & Co. “Operationally, 2016 has been the year w...
