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Engility Holdings (NYSE: EGL) lifted its full-year earnings outlook Monday in part on higher total contract bookings and bill-to-book ratio for the second quarter as the company continues on efforts to prioritize debt repayments. Chantilly, Virginia-based government services contractor Engility said it expects earnings of $1...
The Department of Homeland Security has awarded 30 companies spots on a potential five-year, $1.5 billion contract vehicle for program management, administrative, operations and technical support services. PACTS II is a set-aside program for service-disabled, veteran-owned small businesses and designed to help DHS accom...
July 25 – July 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A new earnings season continued to dominate investors™ attention spans this week and those with keen interests in the aerospace, defense and government contracting sectors were no exception. Eleven ...
TYSONS CORNER, VA, July 29, 2016 ” Johns Hopkins University Applied Physics Laboratory has created a remote-controlled system designed to provide reconnaissance data to law enforcement officials and first responders for railway incident assessments, ExecutiveBiz said Thursday. APL said Wednesday its Instrumented Rail Inspection System...
Boeing (NYSE: BA) has received a $1 billion order for four additional P-8I maritime surveillance aircraft from India, USNI News reported Wednesday. Vivek Raghuvanshi writes India will use the aircraft to replace eight legacy Russian-built Tu-142 maritime aircraft, according to the report. The company built the P-8I as a derivative of its 737 co...
Belcan, a portfolio company of private investment firm AE Industrial Partners, has purchased Intercom Consulting & Federal Systems for an undisclosed sum in a push to help address customer demand for information technology security platforms and services. Belcan CEO Lance Kwasniewski said in a statement released Wednesday the...
Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with s...
TYSONS CORNER, VA, July 28, 2016 ” A General Atomics business unit has provided full plant radiation monitoring systems to the Watts Bar Unit 2 nuclear power plant after the company was selected by the Tennessee Valley Authority, ExecutiveBiz said Wednesday. The company said Tuesday the radiation monitoring systems built by Gener...
TYSONS CORNER, VA, July 28, 2016 ” Lockheed Martin (NYSE: LMT) and its partners Purdue University, New Mexico State University and the New Mexico Institute of Mining and Technology will bid on a potential 10-year, $2.9 billion contract to manage and operate Sandia National Laboratories, ExecutiveBiz reported Tuesday. The university pa...
Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst ou...
