Executive Mosaic’s GovCon Index gave back most of its morning gains Friday to close in narrow range on mixed large-cap stock performances and register its sixth straight weekly decline. Friday afternoon trading activity saw the GCI reset itself with the larger U.S. financial market as investors watched for new election-related developments and...
October 31 – November 4, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson In this last full week before a most unusual election, the evolving narrative of a re-shaping government contracting landscape added more chapters as this week™s assortment of stories Go...
TYSONS CORNER, VA, Nov. 4, 2016 ” United Launch Alliance has scheduled the launch of DigitalGlobe‘s (NYSE: DGI) WorldView-4 commercial imaging satellite onboard its Atlas V 401 configuration rocket from the Vandenberg Air Force Base on Nov.11, ExecutiveBiz reported Thursday. The Lockheed Martin-built (NYSE: LMT) WorldV...
Executive Mosaic’s GovCon Index tumbled Thursday after Huntington Ingalls Industries (NYSE: HII) reported a year-over-year decline in third quarter earnings with GCI-S&P 500 companies also notable laggers as U.S. stocks also fell on investor worries over election uncertainty. GovCon Index advancers edged decliners 16-14 and three...
TYSONS CORNER, VA, Nov. 3, 2016 ” The General Services Administration has taken on an expanded role in the effort to assist the presidential candidates to prepare for their possible transition to government leadership, ExecutiveGov reported Wednesday. Casey Coleman, vice president for civilian agencies at Unisys‘ (NYSE: UIS) fed...
Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted&nbs...
GovCon Index-listed companies Leidos Holdings (NYSE: LDOS) and Huntington Ingalls Industries (NYSE: HII) released third quarter financial results before markets opened Thursday with both contractors at different stages in major merger-and-acquisition activity. Leidos, the U.S.’ largest government services provider, raised f...
Orbital ATK (NYSE: ATK) has lowered its forecast of losses on a U.S. Army ammunition production contract to $350 million from the initial $450 million outlook as the aerospace and defense company carries out an accounting review. Dulles, Virginia-based Orbital ATK said in a Tuesday Securities and Exchange Commission filing the company will revi...
Defense technology manufacturer Mercury Systems (Nasdaq: MRCY) has agreed to purchase Switzerland-based military and aerospace computing company CES Creative Electronic Systems for $38 million to add new avionics and platform management products. Chelmsford, Mass.-based Mercury said Thursday it expects to close the...
A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has wrapped up its acquisition of Dell™s services business for $3.05 billion in a strategy to expand the former™s consulting and information technology services. NTT Data CEO John McCain will oversee the newly acquired firm that will operat...
