The GovCon Index stumbled from the open to close at a loss of 0.279 points to 75.052 as U.S. stock declines mirrored a fall in commodities such as oil and investors continued to speculate over when the next interest rate increases could occur. Los Angeles-based health insurance provider Health Net (NYSE: HNT) led Index gainers at 3.67 ...
The GovCon Index continued on a steady upward trend to close at 74.289, up 0.408%. The Index rode the market up as WTI broke the $40/barrel mark and on positive economic news from the Federal Reserve agreeing to hold interest rate firm, at least for the time being. According to Bloomberg, stocks are finally in the...
The U.S. Navy has awarded three companies spots on a potential five-year, $1.32 billion contract to help maintain amphibious warfare and surface combatant ships that dock in San Diego. The Defense Department said Wednesday that BAE Systems, General Dynamics (NYSE: GD) unit NASSCO and Continental Maritime of San Diego, a subsidia...
Kratos Defense & Security Solutions (Nasdaq: KTOS) has appointed Steve Fendley as senior vice president and general manager/chief technology officer for the Composite Engineering Inc. business unit of the company’s unmanned systems division. Kratos said Thursday Fendley will oversee CEi business and manage the expansion of the unit...
The U.S. Air Force has unveiled the names of seven companies that will partner with Northrop Grumman (NYSE: NOC) to help build a fleet of B-21 Long Range Strike Bomber planes for the military service, Defense News reported Monday. Lara Seligman writes Air Force Secretary Deborah Lee James said in a news briefing at the ...
Michael Smith, formerly corporate vice president for business growth at Huntington Ingalls Industries (NYSE: HII), has been named corporate VP for strategy and development. He will succeed Christopher Kastner, who will take Barbara Niland’s role as corporate VP and chief financial officer after her retirement, HII said Tuesday. Smith...
The GovCon Index barely held positive territory in a narrow final hour of trade Thursday to record a nominal gain of 0.041 points to 71.389 Thursday and remain in a correction for the seventh consecutive day, or 10 percent down from its most recent high on Dec. 1. ManTech International (Nasdaq: MANT) rose 1.48 percent after...
Three companies have been awarded spots on a potential five-year, $2.6 billion contract to perform maintenance, repair and modernization work on U.S. Navy surface combatant and amphibious warfare vessels. BAE Systems, General Dynamics‘ (NYSE: GD) NASSCO subsidiary and Marine Hydraulics International will help maintain six c...
TYSONS CORNER, VA, February 10, 2016 ” MBDA has delivered the first Advanced Short Range Air-to-Air Missile to the U.K. in preparation for integration, fire tests and flight trials with the Lockheed Martin-built (NYSE: LMT) F-35B Lightning II jet, ExecutiveBiz reported Tuesday. MBDA said Monday it has also worked with B...
As covered here yesterday, GovCon Wire’s parent company Executive Mosaic announced its inductions for the 2016 edition of the Wash 100 — EM’s annual selection of the government contracting arena’s most influential voices. These 100 individuals were chosen by EM’s editorial and organizational leadership as the executives...
