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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...
Battle Resource Management Inc. has purchased information technology provider Clearsoft for an undisclosed amount as part of an effort to help federal and commercial clients migrate to cloud platforms. BRMi will combine Clearsoft’s agile software development systems into its models for business process redesign, BRMi said Wednesday. Mike Battl...
A General Dynamics (NYSE: GD) subsidiary will continue to provide logistics support for the C-20 and C-37 fleet of the U.S. Air Force, Army, Coast Guard, Marine Corps and Navy under a $111.6 million contract modification. The Defense Department said Thursday the modification is for a 12-month extension on a previously awarded co...
The Defense Contract Management Agency is working on ways to help small businesses increase their participation in the government contracting market and gain an education on the sector prior to their entry, DCMA’s director told the Potomac Officers Club Thursday. Air Force Lt. Gen. Wendy Masiello told a GovCon and government executive audience...
The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow Jones Industrial Average stock —...
