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...
Executive Mosaic’s GovCon Index posted a second straight weekly loss despite recovering from Thursday’s steep 2.26% decline. The index, which tracks the stock performances of 30 major contractors, closed slightly higher at $5,375.43 (+0.37%) on Friday but lost 2.12% overall for the week. Its year-to-date gain is +15.14% from +20.34% two ...
Jessica Hersey has joined Red River as senior vice president of business development for government technology services. She confirmed her new role in a post on LinkedIn Saturday. Hersey brings to Red River over 25 years of experience in the government contracting industry. She most recently served as vice president of business development for the...
John Boyle, a C-level executive with extensive experience in federal contracting and technology sectors, was appointed CEO of Lawelawe Defense Inc., a Native Hawaiian-owned Small Business Administration certified 8(a) small disadvantaged business, GovCon Wire has learned. Boyle will drive innovation and strategic growth for Lawelawe Defense, expand ...
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...
Honeywell (Nasdaq: HON) has appointed Tony Mitchell, an aerospace and defense executive, as acting chief technology officer of the company’s electromagnetic defensive solutions division. Mitchell announced his new position in a LinkedIn post published Saturday. CAES became part of Honeywell’s EDS division after the multinational conglomerate...
Roya Mohadjer has been named vice president of government business development at Battelle, a global scientific research and development company. Battelle said Monday Mohadjer’s promotion will take effect on Oct. 1. Mohadjer previously served as VP of government business development for the health business unit of Battelle. In this r...
Financial services firm Baird, which has deep involvement in the government contracting community through advisements on major mergers and acquisitions deals, has announced the schedule and speaker slate for the 2024 edition of its annual Defense & Government Conference. According to details shared with GovCon Wire, the always-vital gathering ...
The Defense Logistics Agency has awarded 85 companies positions on the potential 10-year, $11.9 billion J6 Enterprise Technology Services 2.0 contract to provide information technology support services for DLA and other Department of Defense components. DOD said Tuesday the DLA Contracting Services Office in Philadelphia received 259 offers through ...
Investment banking firm Evercore (NYSE: EVR) has released its September report, which highlights the market performance of several U.S. defense and government services companies. The monthly update released by Evercore’s aerospace, defense and government services team shows the share performances, enterprise and equity values and operating met...
