The Defense Logistics Agency has awarded 142 companies positions on a potential eight-year, $6 billion contract to compete for a range of information technology task orders in support of DLA and other Defense Department agencies. DLA awarded the indefinite-delivery/indefinite-quantity contract through a competitive procurement process and will ...
December 12 – December 16, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week reminded us that change is always a constant in the government contracting arena as we learned of an impending relocation by a large defense contractor and the return of a veteran GovCon...
Raytheon (NYSE: RTN) has received a potential one-year, $110.1 million contract modification to begin fiscal 2017 low-rate initial production of S-band radars and radar suite controllers for the U.S. Navy. The modification seeks to exercise an option in a contract awarded in 2013 in support of the service branch’s Air and Missile Defense R...
Executive Mosaic’s GovCon Index reversed its morning decline to close higher Tuesday in a second straight session of contributions by mid-tier platform and services contractors against flat or red movements by large defense primes. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio and six of its 11 S&P 500 stocks registered...
Fitch Ratings has said it projects a 3 percent to 5 percent growth in the relevant areas of the global addressable defense market over the next three years with the U.S. budget to constitute 45 percent to 50 percent of the market. Fitch said Monday it estimates the addressable global defense market is worth approximately between...
GovCon Index-listed Cubic Corp. (NYSE: CUB) issued earnings and revenue guidance below Wall Street’s consensus outlook for the company’s 2017 fiscal year started Oct. 1 with expectations of delayed orders from the Defense Department to be received over the next 12 months. San Diego-based Cubic said in October the DoD ...
Harris (NYSE: HRS) has received a potential three-year, $91 million contract from the U.S. Air Force to build electronic warfare systems for multiple foreign military sales customers. The Defense Department said Friday the contract covers the production of AN/ALQ-211(V)4/8/9 Advanced Integrated Defensive Electronic Warfare Suite...
November 14 – November 18, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson One of the country™s œBig Three credit rating agencies has bolstered its view of the government contracting sector™s prospects under incoming President Donald Trump and in particular d...
Credit rating agency Fitch Ratings expects the Defense Department‘s budget and overall defense spending to increase in the next four years on Donald Trump’s election as president with the cybersecurity environment and U.S. Navy as key potential beneficiaries. Fitch said Wednesday it improved its credit view ...
John Hamre, a former deputy secretary of defense and current president of the Center for Strategic and International Studies, has been elected to succeed the retiring Charles Robb as chairman of Mitre‘s board of trustees. Hamre also previously served as comptroller of the Defense Department, deputy assistant director for nationa...
