Executive Mosaic’s GovCon Index marked its best-day performance to start the shortened trading week but slumped the rest of the way. The index, which tracks the stock performances of 30 major government contractors, closed 1.02% lower at $5,016.21 before the weekend and lost -0.10% for the week. US President Donald Trump’s decision to delay impo...
Davidson, a provider of technologies designed to protect national security information systems, has added James Parys and Walter Hough to its leadership team. The Huntsville, Alabama-based company said Tuesday Parys will serve as senior vice president of growth and strategy while Hough will hold the position of vice president of software soluti...
Investment banking firm Evercore has issued its January report, highlighting the market performances of several U.S. defense and government services companies. The monthly update released by the firm’s aerospace, defense and government services team shows the enterprise and equity values, share performances and operating metrics of several U.S...
The Department of Defense’s budget for fiscal year 2024 was $824.3 billion, a sizable amount of which was devoted to acquisition and procurement from the industrial base. Thousands or perhaps even hundreds of thousands of companies, from two-person startups to multi-billion dollar enterprises in their own right vied for these contracts, which cove...
On the heels of the 2024 presidential election, the GovCon market is bracing for major change and transformation. Looking ahead to 2025, much is still in the air for the public sector, but there are still clear emerging themes and momentum in the market. Baird Managing Director Jean Stack, a Wash100 Award winner, dove into these market...
The U.S. Air Force has added Delta Resources, General Dynamics Information Technology and Modern Technology Solutions to the Pool 1 awardees on the potential $33.16 billion Information Analysis Center, or IAC, multiple-award contract to support research and development across the Department of Defense. The work, which will be performed in various lo...
Josh Salmanson, a sales and business executive with over 25 years of experience, has been appointed vice president and practice lead for defensive cyber operations of the digital modernization team at Leidos, the executive announced on LinkedIn Wednesday. In his new role, Salmanson will leverage his know-how in designing, deploying and managing...
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 ...
The GovCon market is facing some degree of uncertainty as the presidential election approaches and a continuing resolution puts a pause on funding growth. But one thing GovCon leaders know for certain is that the defense and government markets are rife with opportunities and poised for significant growth. At the Raymond James 2024 Defense and...
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...
