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...
The U.S. Navy has awarded eight companies contract options worth $1.86 billion combined to continue providing professional management and technical services in support of the military branch’s cyberspace operation systems and capabilities. The award exercises the second option year of a previously awarded indefinite-delivery/indefinite-quantit...
Amira Hossain, formerly senior vice president of corporate development and integration at ICF (Nasdaq: ICFI), has joined Science Applications International Corp. (Nasdaq: SAIC) as SVP of corporate development. Hossain brings strategic insights and extensive negotiation capabilities and will help lead the company’s growth strategy, SAIC said in...
The U.S. Department of Agriculture has awarded basic ordering agreements to 37 companies as part of the second pool of the STRATUS program for cloud integration and development support services. USDA issued a request for quotes in late September and received 122 quotes for STRATUS Cloud BOA Pool 2, according to a special notice published...
The Department of Energy has awarded 14 companies positions on a potential 10-year, $900 million follow-on contract to support the development, management, maintenance and operation of energy data collection programs and systems. The fifth iteration of the Energy Information Administration Omnibus Procurement vehicle also covers the development, mai...
Charles Faulkner, a national security and intelligence leader, has joined QinetiQ Group’s U.S. subsidiary as vice president of business development for the national and global security solutions business. He disclosed the move in a LinkedIn post published Wednesday. In his current role, Faulkner will advance development and growth initiatives at Q...
