Executive Mosaic’s GovCon Index closed in narrow range Tuesday despite a majority of the session in positive as declines by aerospace and defense primes offset gains by Harris Corp. (NYSE: HRS) on news of a pending divestiture and Engility Corp. (NYSE: EGL) after quarterly earnings that exceeded Wall Street’s expectations. GovC...
Engility Corp. (NYSE: EGL) described to investors Thursday three third quarter contract wins and the loss of another as examples of its shift toward pursuits of larger “best-value” programs versus lowest-price, technically-acceptable work. A slide in the company’s third quarter earnings call presentati...
Harris Corp. (NYSE: HRS) has agreed to sell its maritime energy communications business to global satellite services company SpeedCast International for $425 million in the military radio maker’s first divestiture since its August agreement with activist hedge fund Jana Partners. This move is part of Harris’ larger effort ...
Three GovCon Index-listed government contractors and one also included in the S&P 500 composite index posted quarterly financial results before markets opened Tuesday. Co-listed Harris Corp. (NYSE: HRS) posted fiscal year 2017 first quarter results above Wall Street’s consensus forecasts and in conjunction announced a $425 m...
Jeff McCray, former vice president of international business development at BAE Systems, has joined Huntington Ingalls Industries (NYSE: HII) to serve in the same role and lead a new office that HII will open in Canberra, Australia. He will report to Mike Smith, executive VP for strategy and development at HII, and oversee the development of...
Executive Mosaic’s GovCon Index traded in tight range Monday to record its third straight monthly decline with a second week of quarterly financial reports from GCI companies set to begin Tuesday morning. U.S. stocks also struggled for direction Monday in the start of the final full trading week before the presidential election Nov. ...
TYSONS CORNER, VA, Oct. 31, 2016 ” Rebecca Cowen-Hirsch, a senior vice president at Inmarsat, has said the company’s Global Xpress commercial satellite network could help address the mobile needs of government users, ExecutiveBiz reported Wednesday. Global Xpress is a commercial Ka-band network designed to work with government military sa...
TYSONS CORNER, VA, Oct. 31, 2016 ” Tony Frazier, senior vice president of government solutions at DigitalGlobe (NYSE: DGI), has said DigitalGlobe’s acquisition of geospatial information services contractor The Radiant Group serves to support the former’s services business expansion efforts, ExecutiveBiz reported...
David Trulio, former director of operations at Raytheon (NYSE: RTN) international sales organization, has been appointed vice president for international government affairs and operations and regional executive for Latin America at Lockheed Martin‘s (NYSE: LMT) overseas business. Trulio will work to develop the strategy to grow ...
Paul Dillahay, a 15-year GovCon management veteran and a former executive vice president at CACI International (NYSE: CACI), has joined Reston, Virginia-based government technology services contractor NCI (Nasdaq: NCIT) as president and CEO in a move that takes effect immediately. NCI said Monday Dillahay succeeds former president and c...
