The GovCon Index tumbled back into a correction Friday at a decline of 1.349 percent to 70.204 as U.S. investors reacted to the latest jobs report with a view toward whether the Federal Reserve would raise interest rates again this year. For the week, the Index posted a decline of 2.15 percent driven by continued...
Brett Gerry, formerly vice president and general counsel of Boeing‘s (NYSE: BA) commercial airplanes division, has been appointed as president of the company™s business operations in Japan. Gerry will succeed George Maffeo, who will retire from Boeing, and report to Boeing International President Marc Allen, Boeing said Thursday. As ...
Honeywell (NYSE: HON) has completed its purchase of spacecraft and satellite equipment producer Com Dev International through an approximately $345 million transaction. Tim Mahoney, president of Honewell’s aerospace segment, said Thursday the acquisition is part of a push to bolster the company’s satellite connectivity efforts ...
Progeny Systems has secured a potential five-year, $45.4 million contract to provide sustainment and follow-on support for the Department of the Navy Tasking, Records and Consolidated Knowledge Enterprise Repository system. The U.S. Navy awarded the sole-source, indefinite-delivery/indefinite-quantity contract under phase three of the Small Business...
The GovCon Index held in positive territory in choppy trade Thursday with a nominal gain of 0.109 points to 71.005 held up large jumps in the share prices of government services contractor CACI International (NYSE: CACI), satellite provider Intelsat (NYSE: I) and armored truck maker Navistar International (NYSE: NAV). With Thursday’s gain, the...
TYSONS CORNER, VA, February 4, 2016 ” Lockheed Martin (NYSE: LMT) will build a new S-band satellite based on the A2100 design for delivery to Sky Perfect JSAT Corp. in 2019, ExecutiveBiz reported Wednesday. Lockheed said Wednesday the future JCSAT-17 will be the eighth satellite that SJC ordered from Lockheed and w...
TYSONS CORNER, VA, February 4, 2016 ” Johns Hopkins University Applied Physics Laboratory has named two former military officials as senior fellows at the lab, GovCon Executive reported Wednesday. Johns Hopkins APL said Tuesday the new senior fellows are Paul Stockton, a former assistant secretary for homeland defense and Am...
Donald Kosiak, vice president for medical development and eCARE executive medical director for Avera Health, will join Leidos (NYSE: LDOS) as chief medical officer on Feb. 8. Kosiak will oversee the company’s efforts to align its business strategy across the health solution group and the whole company, Leidos said Wednesday. “Don is...
X Corp Solutions has received a potential five-year, $50 million contract to provide counterintelligence and security support services to the Defense Threat Reduction Agency. DTRA awarded the indefinite-delivery/indefinite-quantity, firm-fixed-price contract through a competitive acquisition with nine proposals received, the Defense Department said ...
The GovCon Index turned around steep losses from morning trade Wednesday to end at a gain of 0.425 points to 70.769, a close that keeps the Index in a correction, or 10 percent off its most recent high. U.S. stocks rode a late increase in oil prices and gains by financial shares to a reversal...
