The U.S. Air Force does not want to publicly disclose the Long Range Strike Bomber contract’s value because the military service believes a disclosure may give adversaries a hint about the aircraft’s specifications, Bloomberg reported Wednesday. Randall Walden, director of the Air Force’s Rapid Capabilities Offi...
April 11 – April 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among companies in the government services sector over the last half-decade has inevitably led market observers to ponder the prospects of merger-and-acquisition deals between the la...
TYSONS CORNER, VA, April 14, 2016 ” Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) have joined Northrop Grumman (NYSE: NOC) as bidders on the U.S. Air Force‘s procurement program for future GPS III satellites, ExecutiveBiz reported Wednesday. Aviation Week reported Tuesday Lockheed submitted a proposal that includes a Harris-built...
The GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week. While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel. Four of the five largest U.S. government contrac...
The GovCon Index gradually tumbled from a strong open Friday and fell sharply in late afternoon trade to end at a nominal gain of 0.197 points to 74.227, which puts the GCI at a weekly loss for the second time in three weeks. The GCI posted a nominal 0.103-point loss from the April 1 close that...
The GovCon Index closed Friday with a gain of 0.348 points to 74.380 on positive movement in U.S. markets and posted a weekly gain of 1.273 percent. The U.S. markets’ performance is based on jobs data that indicates nonfarm businesses added 215, 000 workers in March to surpass analyst expectations, according to Reuters...
The GovCon Index posted a gain of 0.348 points to 74.380 in a reflection of overall positive movement in U.S. markets Friday on March jobs figures that exceeded some economists’ expectations and new manufacturing data that showed some recovery in that sector. Both the Index and S&P 500 composite index held downward in the first hour-a...
The Defense Microelectronics Activity has awarded positions on a potential $7.2 billion contract vehicle to eight companies to support the agency’s work on new technology insertions and applications for military systems. Contractors will bid for individual task orders over a 10-year ordering period to enginee...
Craig Reed, a three-decade GovCon veteran and former senior vice president from Engility (NYSE: EGL), has joined Vienna, Virginia-based information technology government services contractor NT Concepts as president and chief operating officer. NT Concepts said Thursday Reed will oversee operations, growth strategies and business deve...
The GovCon Index extended its stretch of positive movement into a third full trading session Wednesday with a gain of 0.204 points to 74.334 as U.S. investors continued to gauge Tuesday’s comments from Federal Reserve Chair Janet Yellen on a potentially slower interest rate hike path for the central bank. Falls Church, Virg...
