The GovCon Index slumped back into a correction — at least 10 percent down from its most recent high — Tuesday with a decline of 2.124 percent to 70.226 spurred by Harris Corp.‘s (NYSE: HRS) move to cut projected revenue for the company’s 2016 fiscal year. Shares of Harris plummeted 9.78 percent after the ...
The U.S. Air Force has awarded 15 companies positions on a potential nine-year, $975 million contract to provide logistics support and help U.S. and partner agencies carry out national security missions. The service branch received 16 proposals for the multiple-award, indefinite-delivery/indefinite-quantity contract, the Defense Department...
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...
Jan. 25 – Jan. 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Needless to say, we have a lot to address here after a heavy news week that featured news of government contracting’s largest merger this decade, plus a batch of 2015 earnings report...
L-3 Communications (NYSE: LLL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss for the second consecutive quarter on a writedown in its government services segment the company is in the process of divesting. The New York City-based defense electronics manufacturer agreed in December to sell...
The U.S. Navy has awarded positions on a potential four-year, $809 million contract to eight companies to provide process management and data support services for the Naval Supply Systems Command Business Systems Center. The service branch awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive pr...
Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenu...
The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a ...
The GovCon Index mirrored wild volatility in U.S. markets Wednesday to close at a decline of 0.703 points to 71.438 with an attempt to recover from steep and rapid declines during morning and mid-afternoon trade. The Index showed a 3.5 percent decline at around 12 p.m. ET and fell further to a 4.5-percent loss shortly...
The GovCon Index attempted a recovery from steep morning and midday losses as Monday’s closing bell approached after another volatile day for U.S. markets but ended at a loss of 0.531 points to 73.407. Both the GovCon Index and S&P 500 composite index were down a full percentage point in mid-afternoon before a swing into...
