Executive Mosaic’s GovCon Index rebounded Tuesday with gainers outnumbering laggers by a roughly 4-to-1 ratio against a largely choppy day for U.S. stocks as the general financial markets continue to struggle for direction. Ten of the GCI’s 11 S&P 500-listed stocks closed in green with McKesson Corp. (NYSE: MCK) the best ne...
TYSONS CORNER, VA, Aug. 9, 2016 ” The Naval Sea Systems Command has awarded ManTech International (Nasdaq: MANT) a $47 million bridge contract modification to continue sustainment and operation support for the U.S. Navy‘s Ship Maintenance and Logistics Information Systems program, ExecutiveBiz said Monday. The contract...
The State Department has approved Saudi Arabia’s request to purchase $1.15 billion in General Dynamics-built (NYSE: GD) Abrams battle tanks along with a suite of ground vehicle recovery systems from the U.S. government under a foreign military sales agreement between both countries. Twenty of the total 153 M1A2S Abrams tanks covered ...
The U.S. Air Force plans to award a sole-source contract to United Launch Alliance for two Delta 4 rockets to launch National Reconnaissance Office, Space News reported Monday. Mike Gruss writes the NRO missions covered under the contract are scheduled to launch in 2020 and 2023. The Air Force opted for a sole-source contract wit...
Kevin Adler, a 16-year veteran of Microsoft (Nasdaq: MSFT), has joined Washington-based content management software vendor Metalogix as strategic account executive for the company’s U.S. state and local government business area. He brings extensive knowledge of Microsoft’s ecosystem and integrated technology offering...
Subsidiaries of Health Net, UnitedHealth Group (NYSE: UNH) and Anthem (NYSE: ANTM) have filed protests with the Government Accountability Office to dispute the Defense Health Agency™s Tricare services contract awards, Federal News Radio reported Monday. Health Net and Humana (NYSE: HUM) won separate contracts in July to provide managed car...
The GovCon Index stumbled Monday and failed to carry over momentum from Friday’s strong July jobs report as declines by major defense primes weighed on the GCI and losses by healthcare shares dragged down U.S. stocks. GovCon Index laggers outnumbered gainers by a 2-to-1 ratio and four of its 11 S&P 500-li...
TYSONS CORNER, VA, Aug. 8, 2016 ” Lockheed Martin‘s (NYSE: LMT) mission systems and training business will operate under the rotary and mission systems brand beginning Sept. 5 in a change that seeks to reflect the company’s expanded portfolio following the acquisition of Sikorsky Aircraft, ExecutiveBiz reported Friday...
TYSONS CORNER, VA, Aug. 8, 2016 ” John Lee, vice president of cloud services and program manager for the Solutions for Enterprise-Wide Procurement vehicle at Carahsoft, has said the NASA contract platform serves to drive cloud adoption at federal agencies, ExecutiveBiz reported Wednesday. Lee wrote in a blog post published Tuesda...
Executive Mosaic’s GovCon Index hit a new all-time high and had its best day in nearly two months Friday and the U.S. stock bellwether S&P 500 composite index also closed at a record after the latest jobs report far exceeded economists’ expectations for the second straight month. The GovCon Index rose 0.535 p...
