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...
Executive Mosaic’s GovCon Index recovered from its weak start in July. The index, which tracks the stock performances of 30 major government contractors, had substantial gains in three of five trading sessions, ending 0.58% higher to $4,982.68. Also, the 2.11% week-on-week advance was GCI’s second-strongest weekly gain in 2024. Wall Street had a...
Executive Mosaic’s GovCon Index did not have the best start in the third quarter of 2024. The index, which tracks the stock performances of 30 major government contractors, lost 1.31% week-on-week following significant losses on Monday and Friday. The $4,879.92 closing before the weekend reduced GCI’s year-to-date gain to 4.53%. Wall Street’s ...
Peraton has won a position on the potential $1.4 billion Defense Enterprise HR Applications and Data Services blanket purchase agreement awarded by the Defense Manpower Data Center. The company said Wednesday the DEHRADS BPA covers support for DMDC in 25 task areas, including software development and sustainment, application rationalization and clou...
A report by financial services company Raymond James (NYSE: RJF) indicates that 79 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 6.7 percent increase from the prior-year period. The June report was issued by Raymond James’ defense and government investment banking team, where 2024 W...
A report by financial services company Raymond James (NYSE: RJF) shows that there were 76 mergers and acquisitions in the defense and space industry during the first quarter of 2024, a 55 percent increase from the same period the previous year and a 31 percent rise from the previous quarter. Defense and Space M&A Activity...
