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On August 15, Navy Comptroller Russell Rumbaugh will join other U.S. Navy leaders, government decision makers and naval experts as they discuss the service branch’s top priorities, challenges and opportunities. Join the 2024 Navy Summit, hosted by the Potomac Officers Club, to meet, learn from and network with Rumbaugh in person. Read on to lea...
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...
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...
Nine companies have secured spots on a potential 10-year, $4 billion multiple-award indefinite-delivery/indefinite-quantity contract to help the Defense Threat Reduction Agency research, develop, test and evaluate scientific and technological platforms for combating weapons of mass destruction. Work under the IDIQ will be divided into three mission ...
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...
Olivia Fines, former Parsons senior vice president, was named chief legal and compliance officer and corporate secretary at Constellis. In a statement published Tuesday, Terry Ryan, CEO of Constellis, welcomed Fines on behalf of the board and executive team. “Her extensive experience in federal procurement processes, technology deployment, ris...
Executive Mosaic’s GovCon Index endured the roller coaster ride during the holiday-shortened week. Besides closing 0.64% higher on Feb. 23, 2024, the index that tracks the performance of 30 notable government contractors marked six straight winning weeks. At $4,839.92, the week-to-week gain is 1.1%. Like the GCI, Wall Street’s major indexes adva...
Executive Mosaic is thrilled to present Ultra Intelligence & Communications CEO Jon Rucker with the 2024 Wash100 Award. This recognition marks Rucker’s first induction into the esteemed class of government contracting high-achievers. Until April, EM holds a popular vote contest where you, the reader, have the chance to vote for your favorite...
The U.S. Army awarded five companies positions on a potential five-year, $464 million contract to support its environmental remediation activities. AECOM (NYSE: ACM), Arcadis, Parsons (NYSE: PSN), Tetra Tech (Nasdaq: TTEK) and the joint venture Cape-CDM Smith were selected out of seven bids received through an online solicitation by the service bran...
