Executive Mosaic’s GovCon Index recorded gains in four of five trading sessions, advanced more than 1% in three days, and had its best day Wednesday with +1.99%. Friday’s closing of $5,640.35 was also its highest close. The result is a 4.9% weekly gain, GCI’s highest this year. The index, which tracks the stock performances of...
Blake Nelson, a 25-year industry veteran with vast experience in cloud technology, has been appointed vice president of the cloud and data center practice area at Leidos. The Reston, Virginia-based information technology company said Thursday the executive will spearhead the strategic growth of its digital modernization business, including...
The Air Force Global Strike Command has launched a five-year, $100 million initiative in an effort to accelerate commercial partnerships and enhance rapid acquisition capabilities. The Phase III Small Business Innovation Research indefinite-delivery/indefinite-quantity contract award for Commercial Engagement and Integration – Rapid Acquisition De...
John Mengucci, president and CEO of CACI International and a five-time Wash100 Award recipient, was appointed as vice chair of Clarkson University’s Board of Trustees. He was elected to the board in October 2019. In a Friday announcement, Clarkson University highlighted Mengucci’s roles aside from being the Board of Trustees’ vice ...
Executive Mosaic’s GovCon Index posted a second straight weekly loss despite recovering from Thursday’s steep 2.26% decline. The index, which tracks the stock performances of 30 major contractors, closed slightly higher at $5,375.43 (+0.37%) on Friday but lost 2.12% overall for the week. Its year-to-date gain is +15.14% from +20.34% two ...
Parsons, a technology-focused firm and federal government contractor, reported record revenues, earnings and other milestones in the third quarter of 2024. In a statement released Wednesday, Carey Smith, chair, president and CEO of Parsons, said, “We delivered record third-quarter results for total revenue, organic revenue growth, net income, ...
Cloud technologies have become widely adopted across the federal government. The Department of Defense made a significant investment in cloud at the end of 2022 with its $9 billion multi-vendor JWCC contract. But now, two years later, what’s on the horizon for cloud in the public sector? According to Steve Derr, vice president of Oracle̵...
Executive Mosaic’s GovCon Index ticked 0.23% higher to $5,491.84 Friday, its only gain in five trading sessions. The index, which tracks the stock performances of 30 major government contractors, lost 2.24% week-on-week for its first losing week since the week ending Sept. 13. As of Oct. 25, 2024, the GovCon Index is up 17.64% year-to-date....
Northrop Grumman generated $10 billion in sales during the third quarter of 2024, up 2 percent from the same period last year, and posted $11.7 billion in Q3 net awards with a record backlog of $85 billion. In an earnings release published Thursday, the Falls Church, Virginia-based aerospace and defense contractor said year-to-date sales rose...
Vishal Tulsian, former senior vice president and general manager of the state and local, health, and civilian agencies at Science Applications International Corp., was appointed president and chief operating officer at RELI Group. The Baltimore, Maryland-based business management consultant said Tulsian has over 25 years of experience in driving mar...
