Hewlett Packard Enterprise (NYSE: HPE) has agreed to purchase Milpitas, California-based high-performance computing platforms provider Silicon Graphics International (Nasdaq: SGI) for approximately $275 million cash in a push to expand its footprint in the HPC and big data analytics markets. SGI said Thursday the price of the transaction is $7.75 pe...
Leidos (NYSE: LDOS) has been awarded a potential $49.5 million indefinite-delivery/indefinite-quantity contract to supply ship equipment and provide logistics support to the U.S. Navy. The Defense Department said Thursday the company will support the service branch’s ship control, navigation distribution, ship control ...
Executive Mosaic’s GovCon Index staged a rally Thursday to barely miss a new record close as Orbital ATK (NYSE: OA) regained some ground from a record plunge in the previous session and Lockheed Martin (NYSE: LMT) rose to a new 52-week high in intraday trade. The Index closed 0.179 points shy of the current record close set...
Altimmune has received a potential five-year, $120.2 million contract from the Biomedical Advanced Research and Development Authority to conduct clinical trials on an experimental vaccine against anthrax. The Gaithersburg, Maryland-based immunotherapeutic company will test its NasoShield intranasal anthrax vaccine through Phase 1 clinical ...
CSRA (NYSE: CSRA) is open to acquisitions and has allocated a portion of its cash deployment strategy for potential deals, the company’s chief executive told investors Wednesday. “They have to give us a technology edge as we think about cloud-enabled digitization of the marketplace. We always look for customer intimacy and competit...
Executive Mosaic’s GovCon Index recorded its worst session in four weeks Wednesday despite gainers as the clear majority after Orbital ATK (NYSE: OA) announced it would restate all financial results dated back to April 2014. Shares in Orbital ATK plummeted 20.25 percent — or $17.987 — at the&...
TYSONS CORNER, VA, Aug. 10, 2016 ” Raytheon (NYSE: RTN) plans to modify a missile interceptor platform developed by Israel’s Rafael Advanced Defense Systems to support a U.S. Army program that aims to address potential threats, ExecutiveBiz reported Tuesday. Defense News reported Monday that Raytheon will upd...
TYSONS CORNER, VA, Aug. 10, 2016 ” Three LMI acquisition and financial management professionals were part of a government-industry team that received the Department of Homeland Security‘s Building Partnerships Award for their effort to deploy new technology for first responders, GovCon Executive reported Tuesday. ...
Orbital ATK (NYSE: OA) said Wednesday it plans to restate almost two years of financial results on accounting issues and will delay the filing of its quarterly report for the most recent quarter as the company carries out an accounting review in its defense segment. The Dulles, Virginia-based space systems and ammunition maker said it wi...
Vectrus (NYSE: VEC) has lifted full-year earnings and revenue guidance on improved outlooks in cash flow for the 2016 second half and expectations of extra payments on debt. The Colorado Springs-based government communications services contractor now expects earnings per share in the $2.07-$2.32 range versus the previous&nbs...
