Investment banking firm Evercore has issued its January report, highlighting the market performances of several U.S. defense and government services companies. The monthly update released by the firm’s aerospace, defense and government services team shows the enterprise and equity values, share performances and operating metrics of several U.S...
Astrion has appointed Julia Donley, a contracts and supply chain management executive, as chief contracts officer. In a LinkedIn post published Thursday, Astrion said Donley brings to the defense and space technology services provider over two decades of experience overseeing billion-dollar portfolios and global teams as well as expertise in supply ...
Government IT services provider Aretum has appointed Sean DuGuay, a senior national security and defense industry executive, as chief growth officer. The Bethesda, Maryland-based company said Monday DuGuay brings to the role nearly three decades of GovCon experience and a track record of growing government contractors and driving mergers and acquisi...
On the heels of the 2024 presidential election, the GovCon market is bracing for major change and transformation. Looking ahead to 2025, much is still in the air for the public sector, but there are still clear emerging themes and momentum in the market. Baird Managing Director Jean Stack, a Wash100 Award winner, dove into these market...
Executive Mosaic’s GovCon Index registered its largest single-day loss this week and a massive 9.31% weekly loss. Besides the 6.2% plunge Thursday, the substantial gains (+4.7%) from the previous record-setting week were gone. The index, which tracks the stock performances of 30 major government contractors, closed 1.78% lower at $5,160.07 Fri...
Jay Hadley, a senior vice president at CGI, was named lead of the regulatory agency programs business unit at the company’s federal business arm, the executive announced in a LinkedIn post Monday. According to the SVP’s profile, he is responsible for leading the development and execution of the business and product strategy for a diverse...
A Raymond James (NYSE: RJF) report has found that the volume of merger and acquisition-related transactions in the government technology solutions market dropped 12 percent in the third quarter of 2024 compared with the same period last year. According to the company’s quarterly market update, despite the decline in Q3 2024 M&A deal volume...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $422.2 million contract valued to provide logistics, sustainment, project management and engineering services in support of the Czech Republic’s F-35 Joint Strike Fighter program. Work on the foreign military sale will be performed in undisclosed locations within and outside the con...
A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
Executive Mosaic’s GovCon Index extended its winning streak to four weeks despite significant drops to start August. On Friday, the index declined 0.89% to $5,218.19 but still gained 0.70% for the week following Wednesday’s hefty 1.35% gain. Moreover, GCI outperformed Wall Street’s top three indexes for the week. The blue-chip Do...
