Executive Mosaic’s GovCon Index suffered two sharp drops to start the shortened week, resulting in its first weekly loss in seven weeks. Still, because of Friday’s 1.13% gain, GCI advanced 2.31% month-on-month. On a year-to-date basis, the index, which tracks the stock performances of 30 major government contractors, is up 7.08%. The top th...
Jim Garrettson, CEO of Executive Mosaic and founder of government contracting’s highest honor, the Wash100 Award, hand-delivered the prize to first-time recipient Jane Rathbun in a recent meeting at the Department of Defense. Rathbun serves as chief information officer of the Department of the Navy, a position she’s held since Oct...
A Palantir Technologies (NYSE: PLTR) subsidiary has received a five-year, $480 million firm-fixed-price contract from the U.S. Army for the Maven Smart System prototype. The Department of Defense said Wednesday Palo Alto, California-headquartered Palantir USG is expected to complete contract work by May 28, 2029, at work locations yet to be determin...
The Department of the Interior has selected seven companies for a potential 10-year, $2 billion follow-on contract for cloud license and support services. The awardees under the Foundation Cloud Hosting Services 2 indefinite-delivery/indefinite-quantity contract are Accenture Federal Services, IBM (NYSE: IBM), CGI Federal, Cognosante, Science Applic...
The Potomac Officers Club, an Executive Mosaic organization, is gearing up for two major events in June that you won’t want to miss! Potomac Officers Club events are known for their elite networking opportunities, unparalleled insights from top government officials and newsworthy speaking sessions that keep attendees up-to-date on the latest ...
Maria Demaree, vice president and general manager of national security space at Lockheed Martin’s space business, recently accepted her 2024 Wash100 Award during a meeting with Jim Garrettson, CEO of Executive Mosaic and founder of the accolade. Wash100 annually highlights executives in the government contracting industry who have c...
Cerberus Capital Management has acquired a controlling interest in M1 Support Services, a Denton, Texas-headquartered provider of maintenance, repair and overhaul services for military aircraft and aviation programs. George Krivo, a managing director for Cerberus Operations, will serve as CEO of M1 and co-founders Kathy Hildreth and Bill Shelt will ...
Executive Mosaic’s GovCon Index marked another winning week, recovering from Thursday’s sharp loss and ending 0.64% higher at $5,055.57 before the Memorial Day weekend. The index, which tracks the stock performances of 30 major government contractors, gained 0.08% week-on-week for its sixth straight positive week. On Wall Street, the Nasdaq Comp...
The U.S. Army has released a request for information notice for a potential 10-year multiple award, indefinite-delivery/indefinite-quantity contract vehicle estimated to have a ceiling of over $1 billion for software development support. According to the SAM.gov notice from Army Contracting Command – Aberdeen Proving Ground, the New Modern Softwar...
A report by financial services company Raymond James (NYSE: RJF) shows that there were 76 mergers and acquisitions in the defense and space industry during the first quarter of 2024, a 55 percent increase from the same period the previous year and a 31 percent rise from the previous quarter. Defense and Space M&A Activity...
