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New York City-based private equity firm Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) has agreed to acquire the defense electronics business of global aerospace and defense contractor Airbus Group for approximately $1.24 billion. Airbus said Friday the transaction is scheduled to close in the first quarter of 2017 and t...

The GovCon Index closed Friday with a gain of 1.417 percent to 75.314. With Friday’s performance, the Index is on its third consecutive day in positive territory. Top GovCon Index Gainers Symbol Company $ Current Price Net Change % Change I Intelsat 2.60 0.12 +4.84% MCK McKesson Corp.* 158.31 6.62 +4.36% VEC Vectrus Inc. 22...

The GovCon Index continued it positive trend for the third consecutive day closing up 1.417% to 75.314. According to Bloomberg, the Dow and S&P 500 closed Friday in positive territory for 2016. Strong performance from emerging market stocks, and oil prices helped prop up stock prices. Top GovCon Index Gainers Symbol Company $ Current Price ...

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...

Barbie Bigelow, a former senior vice president and chief information officer at Engility™s (NYSE: EGL) TASC subsidiary, will join Pasadena, Calif.-based construction services contractor Jacobs Engineering Group (NYSE: JEC) as SVP and CIO. Bigelow will directly report to Chief Financial Officer Kevin Berryman and start in the role on&n...

The GovCon Index closed Friday with a 0.247-point climb to 73.958 on potential indicators against additional interest rate hikes and extended rallies by Engility Holdings (NYSE: EGL) and Navistar International (NYSE: NAV). The Index posted a weekly gain of 2.082 percent to record positive movement for the third consecutive five-day pe...