United Technologies Corp. (NYSE: UTX) is close to finalizing an agreement to buy Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the industrial conglomerate aims to expand its aerospace business, Reuters reported Tuesday. A source familiar with the negotiations told Reuters the companies are close to reaching an ag...
The Executive Mosaic GovCon Index (GCI) continued its upward direction to end the day at 100.917, positive 0.932 percent. Navistar International, ICF, Raytheon, and Rockwell Collins all topped the GCI with greater than 2.00 percent positive change on the day. Advancing shares outpaced declining 5 to 1. The major indices all close...
TYSONS CORNER, VA, Aug. 29, 2017 ” Concurrent Technologies Corp. has established a new facility in Pennsylvania that will manufacture compact modular reactors for small-scale nuclear plants and drive partnerships with both industry and government, ExecutiveBiz reported Monday. The Tribune-Democrat reported Friday the Center ...
TYSONS CORNER, VA, Aug. 25, 2017 ” An L3 Technologies (NYSE: LLL) subsidiary will provide electro-optical and infrared imaging turrets to the Naval Surface Warfare Center Crane division under a potential $49 million contract from the U.S. Navy, ExecutiveBiz reported Thursday. The company said Wednesday L3 Wescam will su...
Weekly Roundup August 21 – August 25 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This August the GovCon industry has experienced a great deal of executive moves. As the month comes to a close, let™s take a look at some of the noteworthy executive shifts in the...
Terry DeRosa, formerly chief financial officer of IAP Worldwide Services, has been promoted to CEO at the Cape Canaveral, Florida-based government services contractor. IAP said Thursday DeRosa held the CFO role over the past three years and led the company’s expansion and stabilization efforts as part of a company-wide reorganization...
In reverse of major US markets, The Executive Mosaic GovCon Index (GCI) closed up on the day to 99.847; a gain of 0.060 percent. Advancing and declining shares almost evenly split. The major indices closed down slightly for the second consecutive day. The S&P500 retreated by 0.21 percent to 2,438.97, while DJIA move...
TYSONS CORNER, VA, Aug. 24, 2017 ” A General Dynamics (NYSE: GD) segment has launched an outreach program that aims to engage small business partners and suppliers in providing ideas and technologies that address customer requirements, ExecutiveBiz reported Wednesday. The company said Monday General Dynamics Mission Systems‘ TechScou...
The Executive Mosaic GovCon Index (GCI) reversed last weeks downward trend to close up 0.133 percent to 99.026. Advancing and declining shares were almost evenly split on the day. The major indices closed mixed with minor movement in either direction. The S&P500 advanced 0.12 percent to 2,428.37, whil...
TYSONS CORNER, VA, Aug. 21, 2017 ” Amr ElSawy, president and CEO of Noblis, has said the company sees business opportunities across the civil, intelligence and defense market segments in areas such as cyber, analytics, high-performance computing, sustainability, biosciences and telecommunications. “[We] are proud of the outcomes...
