Paul Fernandes, president of the government services contractor STG Group, will retire from his role by the end of 2016 after a 12-year career at the Reston, Virginia-based company. STG said Thursday Fernandes plans to stay in the role until the end of the year as the company works to identify and appoint a CEO. “(Fernandes̵...
Global communications services provider Polycom (Nasdaq: PLCM) has signed a new agreement to be purchased and taken private by investment firm Siris Capital for $2 billion and terminate a previous $1.96 billion merger deal with Ottawa, Canada-based Mitel (Nasdaq: MITL) announced in April. Polycom said Friday i...
CSRA (NYSE: CSRA) has received a potential five-year, $180 million contract from the U.S. Army Medical Research Acquisition Activity to provide information technology, scientific and administrative support for the Congressionally Directed Medical Research Program. CDMRP is a funding organization that oversees more than $1 billion in annual inve...
Scottsdale, Arizona-based healthcare management company Magellan Health has closed a deal of an undisclosed sum to acquire Armed Forces Services Corp., a behavioral health and specialty services provider for federal government agencies and the U.S. military. Magellan said Tuesday it will further detail the strategy and impact of the&n...
The U.S. Army has selected 12 companies to compete for task orders to help the Army Corps of Engineers design and construct petroleum, oil and lubricant facilities across U.S. states and territories under a potential five-year, $490 million contract. The Defense Department said Tuesday USACE received 24 offers for the projec...
Luxembourg-based communications satellite operator SES has exercised a call option to acquire the remaining 50.9 percent stake in Channel Islands-based satellite broadband services provider O3b Networks through an estimated $730 million deal with other O3b shareholders. SES said Monday it will use money the company rais...
Executive Mosaic’s GovCon Index held lower to start July’s first full trade week Tuesday as U.S. stocks stumbled on a decline in crude oil prices that weighed on energy stocks and new investor uncertainty over Britain’s June 23 vote to leave the European Union. The GovCon Index ended its four-day gain streak with a decline of&...
Raytheon (NYSE: RTN) has received a potential $291.8 million contract modification from the U.S. Navy to build 660 full-rate production Lot 16 AIM 9X Block II Sidewinder tactical missiles and related components for several domestic and foreign military customers. The Defense Department said Friday the modification also includes 2...
Executive Mosaic’s GovCon Index descended into narrow range during afternoon trade after a strong morning session Friday but held in positive ahead of a three-day holiday weekend. The GovCon Index posted a gain of 0.178 points to 79.718 and ends the week up 3.216 percent in a sharp turnaround from Monday’s losses in t...
June 27 – July 1 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson As massive the selloff was in global financial markets in the wake of June 23’s œBrexit vote in the U.K., so was the reversal in equities after investors took a deep breat...
