Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenu...
Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported fourth quarter earnings per share of $3.01 and $11.46 for its fiscal year 2015 to exceed the consensus estimates of Wall Street analysts for both figures by 7 cents and 8 cents respectively. Fourth quarter earnings topped...
The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a ...
TYSONS CORNER, VA, January 25, 2016 ” ICF International (Nasdaq: ICFI) will provide event management services to the European Commission under a $15 million contract to support regional and urban policy programs in the European Union, ExecutiveBiz reported Friday. The company said Friday its ICF Mostra division in Brussels will organize ev...
The General Services Administration has asked shortlisted contractors to submit proposals for the construction of a consolidated FBI headquarters building that will receive $1.4 billion in funds under President Barack Obama’s budget for fiscal year 2017. The FBI Headquarters Consolidation Project is part of GSA’s program to comply w...
PwC has acquired Scotland-based consulting firm Praxism for an undisclosed sum as the companies seek to help organizations secure data through identity and access management strategies. Colin Slater, digital and cyber partner at PwC’s Scottish arm, said in a statement published Monday the acquisition is part of a push ...
Jan. 18 – Jan. 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Volatility in financial markets has become a fact of life all over the world and has sent investors questioning where the opportunities are in the midst of headwinds such as declining commodity pric...
TYSONS CORNER, VA, January 22, 2016 ” Inmarsat has inaugurated a new facility in Toa Payoh, Singapore, in an effort to adapt to the increased demand for mobile satellite communication services in the Asia-Pacific region, ExecutiveBiz reported Thursday. The company said Wednesday the office includes a solutions laboratory, demonstration and trai...
Rockwell Collins (NYSE: COL) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings per share of $1.21 for the first quarter of the company’s 2016 fiscal year to exceed Wall Street analyst expectations by 21 cents. Profit for the Cedar Rapids, Iowa-based avionics contractor came in at $135 mil...
TYSONS CORNER, VA, January 21, 2016 ” Northrop Grumman (NYSE: NOC) will help develop radar array systems that use the active antenna technology of M/A-COM Technology Solutions (Nasdaq: MTSI) as part of a teaming agreement between the companies, ExecutiveBiz reported Wednesday. MACOM said Tuesday the partnership works to deliver commer...
