New York City-based investment firm Veritas Capital has agreed to purchase the capital services business of energy technology and infrastructure provider CB&I (NYSE: CBI) for approximately $755 million. Veritas said Tuesday it expects to complete the acquisition in the second quarter of 2017 and will rename and run the b...
TYSONS CORNER, VA, Feb. 27, 2017 ” Inmarsat will build satellite application programs for disaster relief, healthcare and sustainable fishing under a grant award from the U.K. space agency, ExecutiveBiz reported Friday. The company said Wednesday the grant seeks to identify potential uses of satellite technology to address local commu...
PACIFIC OCEAN (Feb. 13, 2017) The weapons department aboard the amphibious assault ship USS America (LHA 6) conducts a four-day ammunition on load during a vertical replenishment with Helicopter Sea Combat Squadron (HSC) 23, HSC-3 and HSC-14 while underway. The ammunition on load is the final requirement in order for the ship to deploy this...
Kelley DeConciliis, former vice president of federal systems at Remote Medical International, has joined Comprehensive Health Services as VP of international development at the Cape Canaveral, Florida-based medical services contractor. Comprehensive Health Services said Sunday DeConciliis will report to Doug Magee, senior VP of b...
Engility (NYSE: EGL) has secured a potential five-year,$35.1 million cost-plus-fixed-fee contract to provide advisory and support services to the Defense Threat Reduction Agency‘s J10 nuclear enterprise support directorate. The company will perform work at Fort Belvoir in Virginia and at various locations within and outside the conti...
Executive Mosaic’s GovCon Index held onto its gain Wednesday with help from Boeing (NYSE: BA) on the airplane maker’s fourth quarter results above analyst forecasts to offset the decline by Textron (NYSE: TXT) after its October-December figures disappointed Wall Street. U.S. stocks by comparison hit all-time highs again in comparison as...
Executive Mosaic’s GovCon Index pared losses Wednesday afternoon but closed lower for the session as McKesson Corp. (NYSE: MCK) and large primes weighed despite gains by all three of the U.S.’ major stock indices. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and six of its 11 S&P 500 stocks ad...
Executive Mosaic’s GovCon Index moved slightly lower Thursday on a mixed market closing with the Dow and S&P 500 down and NASDAQ up. The board markets closed down as retail stocks dropped on reports of disappointing holiday results. Huntington Ingalls lead the GovCon Index once again for the fourth consecutive day of gains, up almost ...
Leonardo, then Finmeccanica, has purchased the remaining 60 percent of shares in Pisa, Italy-based Sistemi Dinamici from systems engineering firm IDS for an undisclosed sum in a strategy to expand Leonardo™s portfolio of unmanned systems. The transaction includes the acquisition of Sistemi™s SD-150 Hero unmanned helicop...
TYSONS CORNER, VA, Dec. 21, 2016 ” Texas Workforce Commission has named Maximus (NYSE: MMS) as a regional Employer of the Year for 2016, GovCon Executive reported Thursday. The company said Dec. 14 it received the award for its efforts to hire and retain persons with disabilities and its project with...
