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...
Huntington Ingalls Industries (NYSE: HII) has received two contract modifications worth a combined $437.5 million from the U.S. Navy to support an engineered overhaul of a Los Angeles-class submarine and construction of a San Antonio-class amphibious transport dock. HII will execute maintenance, repair, routine and test work on the&nb...
The Executive Mosaic GovCon Index closed up to 94.885 a gain of 0.760 percent. 28 of the 30 stocks that make up the Index where in the positive. ManTech international lead the GovCon Index posting a 5 percent gain as the company was upgraded by Loop Capital Markets. After sharp drops yesterday the major indices closed mixed...
TYSONS CORNER, VA, June 30, 2017 ” Maximus (NYSE: MMS) will work with Interactions to deliver a virtual assistant technology offering for the federal market that will work to engage with people who access government services, ExecutiveBiz reported Tuesday. The Maximus Intelligent Assistant powered by Interactions’ Adaptive Under...
The House Armed Services Committee voted down an amendment that would have halted the creation of a U.S. Space Corps and instead moved forward with the provision as part of the National Defense Authorization Act (NDAA) which passed late Wednesday night. The provision creates a separate military branch for space operations. The U.S. Air Force...
The State Department has approved Taiwan™s request to buy missiles, torpedoes and related components as well as operations and maintenance support for the East Asian state™s surveillance radar program under seven foreign military agreements worth approximately $1.36 billion combined. Taiwan requested to purchase follow-on sustainment servi...
John Celli, president of SSL (Space Systems Loral,) will be stepping down after serving the satellites and spacecraft systems company for 36 years, MacDonald, Dettwiler and Associates Ltd. (TSX:MDA), announced Wednesday. Dario Zamarian has been appointed Group President and Paul Estey has been appointed Executive Vice President and Chief O...
The former Air Force deputy chief of staff for intelligence, surveillance and reconnaissance Lt. Gen. David Deptula has a new report that offers the Defense Department suggestions as it writes a 25-year plan for unmanned aircraft. The U.S. military needs to overhaul the way it is buying and managing drones, says Deptula, who is now...
Raytheon (NYSE: RTN) has secured a $90.8 million contract to refurbish components on the U.S. Navy‘s fleet of F/A-18 Hornet multirole aircraft. The Defense Department said Tuesday that Raytheon will provide 206 retrofit components and four validation and verification kits for F/A-18 Configuration D as part of three eng...
TYSONS CORNER, VA, June 27, 2017 ” Noblis has received recognition as one of the “Top Workplaces” in the greater Washington, D.C., region for 2017 under the category for large employers, GovCon Executive reported Wednesday. The company said June 20 this is the fourth consecutive year that it has been included in the annual...
