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Global private equity firm H.I.G. Capital has agreed to acquire Reston, Virginia-based government information technology services provider NCI (Nasdaq: NCIT) for approximately $283 cash, or $20 per share. NCI said Monday its board of directors unanimously approved the proposed sale and that founder and Chairman Charles Narang will tender all of...
Weekly Roundup June 26 – June 30 2017 A Note From Our President & Founder Jim Garrettson This week we saw the unveiling of the House Armed Services Committee™s $696.5 billion defense authorization bill. The draft, titled 2018 National Defense Authorization Act (NDAA), was revealed on the 26th and asks for $28.5 billion more than ...
Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has secured a potential $5.2 billion contract to build H-60 Black Hawk helicopters for the U.S. Army and foreign military sales customers. The contract has an initial value of $3.8 billion and covers the production of 257 units of the UH-60M utility and HH-60M medical evacuation variants, ...
United Launch Alliance has won a potential $191.1 million contract to help the U.S. Air Force send into orbit a new satellite designed for space test missions. The Lockheed Martin (NYSE: LMT)-Boeing (NYSE: BA) joint venture will produce a launch vehicle and support mission integration, spaceflight worthiness and launch operations of the Sp...
The Executive Mosaic GovCon Index closed up sharply 1.413 percent to 95.454. Posting the single largest daily gain for the month. 29 of the 30 stocks that make up the GovCon Index advanced on the day. Navistar International lead the index, up 6.66 percent as the company announced key executive changes at the top. The major indices...
The AIR 5428 Pilot Training System will deliver performance-based options to train the next generation of Australian pilots over the next 25 years. Lockheed Martin leads the delivery of an integrated solution tailored for all future pilots for the Royal Australian Air Force, Royal Australian Navy and the Australian Army. Learn more about our progres...
The Executive Mosaic GovCon Index closed down today 0.813 percent to 95.427, reversing yesterdays positive close. Decliners outpaced advancers 6 to 1. All three the of the major indices were down on the day as energy and oil producing companies stocks fell while crude oil prices plummet. WTI crude oil closed down for the second consecutive...
The Week’s Top GovCon News Stories View this email in your browser Weekly Roundup June 12 – June 16 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Many agencies, companies, organizations and individuals were caught off-guard by the recent rise in cyber crime. Mali...
David Dacquino, senior vice president of defense business at Serco Group‘s Americas division, has been promoted to chief executive in a move that takes effect in mid-2017. The more than three-decade industry veteran will succeed Dan Allen, who announced in February his plans to retire after nearly four years as chairma...
The Executive Mosaic GovCon Index closed up for the seventh consecutive day with platform companies leading the pack. U.S. stocks slid for the fourth time in the past five days, with technology stocks continuing to plummet as selling activity resumed, begging the question of if tech will be under this pressure for the rest of the summer....
