Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one fo...
Science Applications International Corp. (NYSE: SAIC), Herdt Consulting and PSI Pax have been selected to compete for business process and data support orders from the U.S. Navy under a potential five-year, $809.5 million indefinite-delivery/indefinite-quantity contract. The Defense Department said Tuesday the contract incl...
An affiliate of New York-based J.F. Lehman & Co. has closed its acquisition of API Technologies (Nasdaq: ATNY) for approximately $111 million. Trading of API™s common stock on Nasdaq ceased Friday afternoon upon completion of the purchase and API shareholders will get a cash payment of $2 per share of common stock under the terms of...
The GovCon Index outpaced narrow activity in U.S. financial markets Tuesday with a sharp gain of 1.258 percent to 76.924 Tuesday on Lockheed Martin‘s (NYSE: LMT) lift of its full-year earnings and revenue outlook and subsequent positive swings by many prime aerospace and defense contractors. Lockheed led all net change gain...
Lockheed Martin (NYSE: LMT) has one pending regulatory review remaining in the U.K. over the merger of its information systems and global solutions business with Leidos Holdings (NYSE: LDOS) ahead of the deal’s intended closure in either the third or fourth quarter, Lockheed CEO Marillyn Hewson told investors Tuesday. Both compa...
TYSONS CORNER, VA, April 26, 2016 ” Orlando Figueredo, vice president and segment leader for Hewlett Packard Enterprise‘s (NYSE: HPE) Intelligence Community and consulting practice, has said agencies are increasingly focusing their technology efforts on collaboration and information sharing. “Government can assist the commercia...
Raytheon (NYSE: RTN) has received a potential $104 million contract to provide maintenance and operations support for the U.S. Navy™s Relocatable Over-the-Horizon Radar system. ROTHR is a surveillance radar system designed to detect and track aircraft and ships at long ranges over a coverage area of 2.5 million square miles, the ...
The U.S. Navy has awarded an Orbital ATK (NYSE: OA) business unit a $121.4 million contract modification to exercise an option to convert AGM-88B High-Speed Anti-Radiation Missiles into 145 Lot 5 full-rate production, anti-radiation guided missile all-up-rounds. Orbital ATK’s defense electronic systems unit will also provid...
Trane U.S., an Ingersoll Rand subsidiary, has received a potential $114 million contract from the General Services Administration to provide energy conservation support and implement related measures at 10 federal facilities in New York. GSA said Monday Trane U.S. will perform building automation system updates and mechanical replacements at se...
Raytheon (NYSE:RTN) has received a two-year, $90.1 million contract to supply 39 Multi-Spectral Targeting System turrets to the U.S. Air Force. The Defense Department said Monday the company will also provide associated MTS data, spares and production support services under the fixed-price-incentive-firm contract. An MTS sensor c...
