The U.S. Navy has awarded 17 companies positions on a potential five-year, $750 million contract to provide a wide range of support services for the military branch’s operations in U.S. states and Puerto Rico. The indefinite-delivery/indefinite-quantity contract carries a one-year base value of $50 million and work could extend through De...
Executive Mosaic’s GovCon Index closed in narrow range Thursday to start the final month of 2016 as sharp declines by government services contractors offset large gains for aerospace stocks in a session that saw U.S. stocks close mixed. GovCon Index decliners outnumbered advancers by a 2-to-1 ratio and five of its 11 S...
Global investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering. Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a seco...
Booz Allen Hamilton (NYSE: BAH) Chief Financial Officer Lloyd Howell characterized to investors Wednesday the firm’s pending $250 million acquisition of digital services contractor Aquilent announced Tuesday as a “tuck-in, capability-based” versus other large scale-focused transactions in the industry over the past y...
India has signed $737 million contract to procure 145 BAE Systems Inc.-developed artillery guns through a foreign military sales transaction with the U.S. government, Defense News reported Wednesday. Vivek Raghuvanshi writes the British defense contractor’s U.S. subsidiary will supply the M777A2 LW155 ultralight howitzers and set up ...
Executive Mosaic’s GovCon Index retreated Wednesday on declines by large prime and middle-tier services contractors that offset a surge by McKesson Corp. (NYSE: MCK) in a session that saw U.S. stocks trade in narrow range to close the month of November. U.S. market activity was dominated by the agreement among OPEC countrie...
The chief executives of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) described to investors Wednesday their expectations of the foreign military sales environment in light of oil price volatility worldwide and President-elect Donald Trump’s campaign suggestion that U.S. allies contribute more financial resources to their own defen...
FLIR Systems (Nasdaq: FLIR) has acquired Oslo, Norway-based unmanned aerial systems manufacturer Prox Dynamics for approximately $134 million to create a new UAS business within the buyer’s surveillance segment. FLIR said Wednesday it also intends to expand its airborne sensor product line with the addition of Prox Dyn...
A Crowley Maritime Corp. subsidiary has secured a potential seven-year, $2.3 billion contract from the U.S. Transportation Command to provide transportation and related services to the Defense Department. Crowley Logistics will perform truckload, full truckload, expedited and refrigerated services for vendor facilities, DoD ...
Booz Allen Hamilton (NYSE: BAH) has agreed to buy Laurel, Maryland-based digital services contractor Aquilent for approximately $250 million in a push to grow technology offerings, talent pipeline and citizen-focused digital services. Booz Allen said Tuesday the deal aims further the McLean, Virginia-based company’...
