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...
Health services, IT modernization and advanced weapons systems received the bulk of this year’s contract awards. Most of the contracts have long-term periods of performance. Both startups and big corporations have offered their services to get contracting work from the government. The Department of Defense’s budget for fiscal year 2024 was $824....
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...
The U.S. Air Force has announced eight Pool 1 awardees and five Pool 2 vendors on the potential $33.2 billion Information Analysis Center multiple-award contract to provide mission-critical research and development support services across the Department of Defense. DOD said Monday the 774th Enterprise Sourcing Squadron at Offutt Air Force Base in Ne...
The Intelligence Community is in the midst of a significant push to foster a collaborative spirit across its many components. Breaking down barriers between IC agencies and with other federal organizations is a top priority for the community, and many of its guiding strategies highlight partnerships as a means to achieve modernization goals. Along w...
