The GovCon Index extended its slide into a second consecutive session Thursday with a decline of 0.372 points to 75.982 driven by a mixed second-quarter earnings report from aviation technology manufacturer Rockwell Collins (NYSE: COL). Cedar Rapids, Iowa-based Rockwell Collins fell 5.18 percent — or $4.87 – to end Th...
The GovCon Index received a jolt Tuesday from Science Applications International Corp.‘s (NYSE: SAIC) latest earnings report and other general market conditions to close at a gain of 1.612 percent to 74.129. McLean, Virginia-based GovCon services contractor SAIC led Index gainers at 11.45 percent after the company said it exceed...
A Vectrus (NYSE: VEC) subsidiary has secured a potential $329 million contract modification to provide security and base operations support services to the U.S. Army. Vectrus Systems will perform work in Kuwait through Dec. 28, 2016, the Defense Department said Monday. The Army Contracting Command will obligate the full contract amount from the...
The GovCon Index turned upward in the last two hours of trade Wednesday after the Federal Reserve announced it would baseline interest rates unchanged and closed at a gain of 0.599 points to 73.987. Index stock Vectrus (NYSE: VEC) led all gainers at 9.44 percent after the information technology and communications contractor poste...
Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has issued earnings and revenue guidance for 2016 with the midpoint outlooks respectively below and level the consensus Wall Street forecast on continued declines in sales for programs based in Afghanistan. The Colorado Springs-based informat...
The GovCon Index followed the steep downturn in U.S. markets Monday with a decline of 1.027 percent to 70.035 spurred by new declines in oil prices and worries about the pace of future interest rate increases by the Federal Reserve. Monday also represented the first day of Colorado Springs-based government services contractor Vectrus‘ (NYSE: V...
The U.S. Air Force has awarded V2X, an aerospace and defense company formed through the merger of Vectrus and Vertex in 2022, a $252.1 million contract to provide base support services for Iraq’s F-16 program. What Are the Details of V2X’s Iraq F-16 Base Support Contract? The Department of Defense said Friday the cost-plus...
Bernie Boucher announced on LinkedIn Saturday that he has been appointed vice president of growth for defense mission and health solutions at Peraton. In his new role, Boucher will oversee all business growth functions for Peraton’s DMHS sector, responsible for pipeline development, capture strategy, proposal management and customer ...
Technical and Project Engineering, a service-disabled, veteran-owned, woman-owned small business, has promoted Charles “Chuck” Anderson from chief operating officer to president. TAPE said Friday, Anderson, who joined the firm in March, will oversee all company operations, focusing on growth strategies, federal government client ser...
V2X has secured an indefinite-delivery/indefinite-quantity contract valued at $4.3 billion from the U.S. Air Force to support T-6 Texan II single-engine primary trainer aircraft. The company said it will provide base supply support to ensure that the aircraft is safe, flyable and capable of meeting its daily flight schedules and depot requirements a...
