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Cleveland-based aerospace components manufacturer TransDigm (NYSE: TDG) has closed its $1 billion cash acquisition of ILC Holdings and its subsidiary Data Device Corp. from New York-based investment firm Behrman Capital. TransDigm first announced the deal May 24 and the company said Thursday it used net proceeds from a term loan ...
The GovCon Index lost two full percentage points for a second consecutive trading session Monday as global financial markets continued to indicate investor concerns over the prospects of Britain’s vote Thursday to leave the European Union. Executive Mosaic‘s GovCon Index closed down 2.004 percent to 75.777 with Vectrus (NY...
TYSONS CORNER, VA, June 27, 2016 ” Mac Curtis, president and CEO of Vencore, has been named by the Northern Virginia Chamber of Commerce as the Executive Leader of the Year for his chairmanship of the 2015 Greater Washington Heart Walk, GovCon Executive reported Wednesday. The Chamber presented the leadership award to Curtis...
Kevin Cook, chief financial officer at Booz Allen Hamilton (NYSE: BAH), will join McLean, Virginia-based government technology and engineering services contractor Alion Science and Technology as CFO in a move that takes effect July 5. He is due to leave Booz Allen by July 1 and Alion Science said Monday he will br...
Raytheon™s (NYSE: RTN) subsidiary has been awarded an estimated $218 million contract to update monitoring and sensor systems at the Woomera test range in the country’s southern region, Australian Associated Press reported Monday. Max Blenkin writes the 47, 177-square-mile military facility currently houses missil...
The GovCon Index closed Friday with its worst one-day percentage decline in 2016 at 2.805 percent to 77.327 on the heels of Britain’s vote to leave the European Union. The referendum vote impacted financial markets worldwide, with the Index capping the week at a 1.175-percent loss while the S&P 500 composite index dropp...
The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent and cuts the...
June 20 – June 24 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Thursday™s highly-anticipated and historic œBrexit vote in the U.K. led investors all over the world and so many other interested stakeholders to speculate over the implications of Brita...
TYSONS CORNER, VA, June 24, 2016 ” Rebecca Cowen-Hirsch, senior vice president for government strategy and policy at Inmarsat, has said government and industry collaboration in the space systems business segment will facilitate increased resiliency of operations, ExecutiveBiz reported Tuesday. Cowen-Hirsch wrote in a blog post published Monday&...
New York City-based private equity firm Veritas Capital has emerged as the leading bidder to purchase Airbus Group’s Vector Aerospace aircraft maintenance and repair business, Bloomberg reported Friday. Kiel Porter and Scott Deveau write Veritas might combine Vector with StandardAero — an aircraft services company the inv...
