New York City-based unmanned vehicle maker Drone USA has concluded its purchase of wholesale distribution company Howco Distributing Corp. for $3.5 million in cash, promissory notes and warrants. Drone USA said Tuesday it will have access to Howco™s facility leases and related intellectual property and establish co...
Danny Pummill, former undersecretary for benefits at the Department of Veterans Affairs, has joined Chantilly, Virginia-based government services contractor Femme Comp Inc. as executive vice president and chief operating officer. FCI said Monday Pummill will report to FCI President and CEO John Bronson and oversee the company...
Executive Mosaic’s GovCon Index rose Monday in an attempt to close above the 80-point barrier for the first time since Sept. 12 on gains by large defense primes and services-oriented companies. The GCI’s positive movement contrasted activity in U.S. financial markets as stocks turned south in the final hour of trade a...
Wiener Kernisan, formerly vice president of sales and marketing at Arianespace‘s U.S. subsidiary, has been promoted to president of the Arianespace Inc. business effective Sept. 26. The France-based multinational company said Friday Kernisan will manage customer, industry and governmental relations at its Was...
The U.S. Navy has awarded 14 companies spots on a potential five-year, $750 million contract for administrative, healthcare and clerical support services. The service branch awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive procurement process with 112 proposals received, the Defense De...
The U.S. Navy has awarded a five-year, $400 million contract to a General Dynamics (NYSE: GD) subsidiary to repair in-service nuclear-powered submarines, special mission submersibles, moored training ships and submarine support installations. General Dynamics Electric Boat will provide maintenance, overhaul, modernization, technical...
Anne Rung, administrator of the Office of Management and Budget™s Office of Federal Procurement Policy, will step down from her position by the end of September after two years on the job, Federal News Radio reported Friday. Jason Miller writes Rung will serve as head of Amazon Business (Nasdaq: AMZN) and will be responsible for...
Executive Mosaic’s GovCon Index held negative Friday to end at a weekly decline as U.S. stock markets extended the current stretch of sharp swings between gains and losses as the Federal Reserve‘s next two-day meeting looms for Tuesday and Wednesday. Decliners outnumbered advancers 9-to-1 and all of the GovCon Index’s S&P ...
September 12 – September 16 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson For those of us who follow financial markets and in particular U.S. GovCon stocks, let’s take a deep breath during this slightly slower Friday session and take a brief look at the wi...
TYSONS CORNER, VA, Sept. 16, 2016 ” CyrusOne (Nasdaq: CONE) has moved to expand its colocation infrastructure with a new 23-acre property in Aurora, Illinois, that it aims to develop into a facility to operate alongside an existing data center, ExecutiveBiz reported Thursday. The company said Thursday the future c...
