Executive Mosaic’s GovCon Index traded higher Friday in a mixed session for U.S. stocks as investors looked at November jobs figures above economists’ expectations and furthered anticipation of an interest rate hike Dec. 14. The GCI ends at its fourth straight weekly advance, while the S&P 500 closed flat Friday on financial stock de...
Huntington Ingalls Industries (NYSE: HII) has officially launched its new government services business segment upon the completion of the Newport News, Virginia-based military shipbuilder’s $380 million purchase of Camber Corp. announced in November. Huntington Ingalls said Friday the segment will operat...
Executive Mosaic’s GovCon Index closed in narrow range Thursday to start the final month of 2016 as sharp declines by government services contractors offset large gains for aerospace stocks in a session that saw U.S. stocks close mixed. GovCon Index decliners outnumbered advancers by a 2-to-1 ratio and five of its 11 S...
TYSONS CORNER, VA, Dec. 1, 2016 ” Iridium Communications (Nasdaq: IRDM) is set to hire the majority of the Boeing (NYSE: BA) team that provides operations and maintenance services for the former’s satellites as part of a relationship restructure between the two companies, ExecutiveBiz reported Wednesday. The firms will also sign...
Global investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering. Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a seco...
Booz Allen Hamilton (NYSE: BAH) Chief Financial Officer Lloyd Howell characterized to investors Wednesday the firm’s pending $250 million acquisition of digital services contractor Aquilent announced Tuesday as a “tuck-in, capability-based” versus other large scale-focused transactions in the industry over the past y...
India has signed $737 million contract to procure 145 BAE Systems Inc.-developed artillery guns through a foreign military sales transaction with the U.S. government, Defense News reported Wednesday. Vivek Raghuvanshi writes the British defense contractor’s U.S. subsidiary will supply the M777A2 LW155 ultralight howitzers and set up ...
Serco Group has secured a potential 10-year, $759.3 million contract from England’s Barts Health NHS Trust to carry out facility management services. Serco said Thursday the contract covers cleaning and domestic services; linen and laundry; patient catering; portering; car parking; reception and helpdesk; and other non-clin...
The U.S. Army has awarded BAE Systems a potential seven-year, $384 million contract to produce a thermal weapon sight technology that will work to help soldiers identify and engage targets in the battlefield. BAE said Wednesday the military branch ordered the company’s Family of Weapon Sights“Crew Served system compris...
A United Technologies Corp. (NYSE: UTX) subsidiary has secured a $309.8 million contract from the U.S. Navy to provide propulsion system services in support of the F-35 Joint Strike Fighter program. The Defense Department said Wednesday that Pratt & Whitney will supply hardware, training course materi...
