Processing....
Textiles and materials processing company Albany International (NYSE: AIN) has agreed to purchase the aerostructures business of Harris Corp. (NYSE:HRS) for $210 million, which includes a $187 million cash portion and a $23 million lease. Harris said Monday both companies expect to close the acquisition sometime between March and the ...
The GovCon Index posted a nominal decline of 0.082 points to 72.487 Friday, which puts the GCI at a gain of 1.538 percent for the week as markets continue to try to shake off turbulence from commodity price declines and uncertain economic prospects. The Index has climbed 9.67 points percent since the start of February a...
Feb. 22 – Feb. 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among the large players the government services market have been well-documented in spaces such as these but the product makers in GovCon also have been in on the M&A deal action over t...
TYSONS CORNER, VA, February 26, 2016 ” CGI (NYSE: GIB) will begin to offer insider threat advisory services in support of efforts to boost cybersecurity in the government and commercial sectors, ExecutiveBiz reported Thursday. The company said Wednesday customers have identified cybersecurity as a major concern as they move to transit...
The team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will not pursue a legal challenge in federal claims court of the U.S. Air Force™s award of the Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC), Bloomberg reported Friday. Julie Johnsson writes the decision comes a week after the Government Accoun...
General Atomics has agreed to acquire aerospace and defense technical services business Miltec from electronics manufacturing company Ducommun for approximately $14.6 million cash. The transaction is subject to customary closing terms and is intended to increase General Atomics’ technical expertise in developing small satellites, hyp...
Miranda Ashby, formerly senior director of federal sales at Cornerstone OnDemand, has joined cloud-based talent management software provider Acendre as senior vice president of federal sales. Ashby will work to support the company’s business development team to address the talent management needs of federal agencies, Acendre sai...
The GovCon Index held strong from a choppy morning session Thursday and ended at a gain of 1.134 percent to 72.570, which brings the Index out of correction territory after a one-day re-entry at the previous session’s close. The Index was in correction, or 10 percent down from its most recent high, for 13 days until Fr...
SpaceX has been awarded five additional flights by NASA to transport cargo to and from the International Space Station under a contract signed in December 2015, Space News reported Wednesday. Peter B. de Selding writes the flights are valued at approximately $700 million total and raises to 20 the number of ISS cargo flights that NASA...
The State Department has cleared a potential $225 million foreign military sale of Large Aircraft Infrared Countermeasure systems and logistics support for the United Arab Emirates’ C-17 military transport planes. Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) will act as principal contractors for the&nbs...
