The GovCon Index closed Friday with its worst one-day percentage decline in 2016 at 2.805 percent to 77.327 on the heels of Britain’s vote to leave the European Union. The referendum vote impacted financial markets worldwide, with the Index capping the week at a 1.175-percent loss while the S&P 500 composite index dropp...
The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent and cuts the...
June 20 – June 24 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Thursday™s highly-anticipated and historic œBrexit vote in the U.K. led investors all over the world and so many other interested stakeholders to speculate over the implications of Brita...
TYSONS CORNER, VA, June 24, 2016 ” Rebecca Cowen-Hirsch, senior vice president for government strategy and policy at Inmarsat, has said government and industry collaboration in the space systems business segment will facilitate increased resiliency of operations, ExecutiveBiz reported Tuesday. Cowen-Hirsch wrote in a blog post published Monday&...
New York City-based private equity firm Veritas Capital has emerged as the leading bidder to purchase Airbus Group’s Vector Aerospace aircraft maintenance and repair business, Bloomberg reported Friday. Kiel Porter and Scott Deveau write Veritas might combine Vector with StandardAero — an aircraft services company the inv...
The U.S. Army has awarded nine companies spots on a $248.6 million multiple-award task order contract to provide technology products and services to the Defense Department. The companies are scheduled to complete the tasks by June 22, 2021, at various locations that depend on each task order award, DoD said Thursday. Army Contracting Command is...
NASA has awarded a $196.3 million contract extension to the Association of Universities for Research in Astronomy to continue its science operations support for the Hubble Space Telescope at the Space Telescope Science Institute. The agency said Friday the extension brings the total contract value to $2 billion and requires products a...
Seattle, Washington-based space technology and services provider Spaceflight Industries has bought Herndon, Virginia-based geospatial analytics company OpenWhere for an undisclosed sum as part of efforts to accelerate the deployment of Spaceflight’s BlackSky satellite imaging platform. Spaceflight said Tuesday it aims ...
Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie said Thursday he will step down from his roles as chairman and a member of the board of directors at the government technology services spinoff CSRA (NYSE: CSRA) August 9. Lawrie announced his departure from the CSRA board approximately one month after CSC announced its intent to me...
TYSONS CORNER, VA, June 23, 2016 ” Unisys (NYSE: UIS) has entered into an Amazon Web Services (Nasdaq: AMZN) partner program that provides the former an AWS Government Competency designation for its delivery of cloud platforms to government agencies, ExecutiveBiz reported Tuesday. Partner companies that demonstrate technical prof...
