December 5 – December 9, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson GovCon industry leaders and observers welcomed Vectrus to the government services landscape in the autumn of 2014 and this week marks the beginning of a new era for the Colorado Springs-based company. As...
Digital security company Gemalto has agreed to purchase the identity management business of 3M (NYSE: MMM) for $850 million in a push to expand government programs technology offerings for the commercial biometrics market. Gemalto said Friday it expects the transaction to close in the first half of 2017 pending regulatory approvals and will int...
The U.K. defense ministry has awarded BAE Systems a potential $361 million contract to build and deliver an additional two offshore patrol vessels to the country™s naval force. The construction of HMS Tamar and HMS Spey brings the total number of the Royal Navy™s River-class OPVs to five ships that are scheduled to enter service in...
Executive Mosaic’s GovCon Index tumbled Thursday on steep losses among several of its large-cap prime components as U.S. stocks posted a small advance to a new record high close with financial shares the top performers at a 1-percent gain and industrials the largest laggards. Thursday’s decline puts the GCI below 90 p...
Booz Allen Hamilton‘s (NYSE: BAH) pending $250 million purchase of Laurel, Maryland-based cloud computing and digital services contractor Aquilent represents a selective entry into the GovCon acquisition landscape for a firm as it has made five purchases. McLean, Virginia-based Booz Allen largely sat out of last year’s ...
TYSONS CORNER, VA, Dec. 8, 2016 ” Wayne Lewandowski, vice president of federal operations at Vormetric, has said data transformation and cloud are two areas that the data protection technology provider is exploring following its acquisition by Thales Group. He told ExecutiveBiz in an interview published Wednesday that Thale...
GovCon Index-listed Science Applications International Corp. (NYSE: SAIC) reported third quarter earnings above the consensus Wall Street analyst forecast Thursday as the government contractor also set a record book-to-bill ratio since its September 2013 spinoff from former parent Leidos Holdings (NYSE: LDOS). SAIC reported $0.91 earnings per share ...
A.I. Solutions has secured a potential $387.6 million indefinite-delivery/indefinite-quantity contract to support launch of NASA and agency-sponsored payloads aboard commercial expendable launch vehicles. NASA said Thursday the Expendable Launch Vehicle Integrated Support 3 contract includes launch site engineering, launch vehicl...
Executive Mosaic’s GovCon Index posted a fifth straight gain to a new all-time record close Wednesday on strong performances by Honeywell International (NYSE: HON) and L-3 Communications (NYSE: LLL) as U.S. stocks also advanced with the S&P 500 at a record close. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and seven o...
Curtiss-Wright (NYSE: CW) has agreed to purchase Newtown, Pennsylvania-based commercial aerospace and defense systems provider Teletronics Technology Corporation for $233 million. Curtiss-Wright said Wednesday the acquired data acquisition and comprehensive flight test instrumentation systems manufacturer will commence operations with...
