Harris Corp. (NYSE: HRS) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has cut revenue guidance for its 2016 fiscal year on global declines in oil prices that have affected the company’s outlook for the CapRock remote communication services business. The Melbourne, Fla.-based communications technology...
The U.S. Air Force has awarded 15 companies positions on a potential nine-year, $975 million contract to provide logistics support and help U.S. and partner agencies carry out national security missions. The service branch received 16 proposals for the multiple-award, indefinite-delivery/indefinite-quantity contract, the Defense Department...
Ball Aerospace and Technologies has bought engineering and analytical services provider Wavefront Technologies for an undisclosed sum as part of its portfolio diversification efforts. Rob Strain, president of Ball Aerospace, said Friday the company also expects the acquisition to help broaden its presence in the Washington metropolitan area. Marylan...
Boeing (NYSE: BA) has received a contract of an undisclosed value to help identify risk reduction strategies for the U.S. Air Force‘s Presidential Aircraft Recapitalization program. The Air Force said Friday it will issue post-award modifications to procure Boeing’s 747-8 commercial aircraft to serve as a basis for the company to design ...
A group of investors led by Carlyle Group (Nasdaq: CG) has closed its nearly $5.3 billion acquisition of Veritas from Symantec Corp. (Nasdaq: SYMC). Symantec™s board of directors expects to return $4 billion in accelerated share repurchases and additional capital return to shareholders by the end of March 2017, Symantec said Friday. Michael Bro...
The GovCon Index surged out of correction territory Friday with a gain of 2.643 percent to 71.807 which mirrored investor optimism that the Federal Reserve may slow down future interest rate hikes and a bounce-back from technology stocks. The Index ends the week at a 2.81-percent loss and the first month of 2016 with a...
As covered here yesterday, GovCon Wire’s parent company Executive Mosaic announced its inductions for the 2016 edition of the Wash 100 — EM’s annual selection of the government contracting arena’s most influential voices. These 100 individuals were chosen by EM’s editorial and organizational leadership as the executives...
Jan. 25 – Jan. 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Needless to say, we have a lot to address here after a heavy news week that featured news of government contracting’s largest merger this decade, plus a batch of 2015 earnings report...
TYSONS CORNER, VA, January 29, 2016 ” DigitalGlobe™s (NYSE: DGI) WorldView-4 satellite is scheduled to start commercial operations early next year to provide high-resolution Earth imagery products and services, ExecutiveBiz reported Thursday. The company said Wednesday it has received $335 million in commitments fr...
TYSONS CORNER, VA, January 29, 2016 ” Grant Thornton has received accreditation as a third-party assessment organization for the General Services Administration‘s Federal Risk and Authorization Management Program, ExecutiveBiz reported Thursday. The company said Wednesday the American Association for Laboratory Accreditatio...
