FedBid has appointed Jim Spencer, former chief financial officer of iBiquity Digital Corporation, as CFO and executive vice president while Basil Gray, former Gray Areas president and CEO, was named vice president for sales and defense. The online reverse auction marketplace operator said Monday Spencer will head the company’sÂ...
The GovCon Index rallied 1.197 percent to 78.192 on gains led by the GCI’s services-focused contractors and defense prime Northrop Grumman (NYSE: NOC) on news that the U.S. lifted its embargo on weapons sales to Vietnam. Science Applications International Corp. (NYSE: SAIC) added 4.01 percent — or $2.10 &nbs...
TYSONS CORNER, VA, May 23, 2016 ” Engility (NYSE: EGL) has named Optensity the winner of the $25, 000 Innovative GEOINT Application Provider Program Grand Challenge 2016 for the company’s SafeTravelerGlobe app, ExecutiveBiz reported Thursday. The app works to provide users information on location-based threats and is now available vi...
May 16 – May 20 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The future of the federal government and contractor workforces is our focus here as we look at a pair of new initiatives announced this week that aim to help build up skill sets for current...
The U.S. Navy has awarded six companies spots on a potential five-year, $49 million to provide construction and renovation services for the Naval Facilities Engineering Command. NAVFAC awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive procurement process with seven offers received, the Defense Departm...
The GovCon Index posted its second gain of more than a full point in three weeks Monday to close up 1.052 points — or 1.366 percent — to 78.090. Contractor stocks rode the wave of positivity in U.S. markets after Warren Buffett’s Berkshire Hathaway investment arm disclosed its now-$1 billion ...
The GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions. Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Huntin...
The GovCon Index hit negative twice during the late morning and noon hours of trade Monday but closed up 0.153 points to 77.359 on gains by healthcare stocks to help offset declines from energy and utility shares on lower oil prices. McKesson Corp. (NYSE: MCK) ended Monday as the GovCon Index’s largest net gainer at $3.36 while ...
The GovCon Index closed Friday with a 0.634-point increase to 7.206 amid buying activity in U.S. financial markets. The GCI also posted a weekly gain of 0.845 points as earnings reports from contractors over the past week — including Huntington Ingalls Industries (NYSE: HII), Engility Holdings (NYS...
May 2 – May 6 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.™ largest government contractors and get an idea of what the domestic and global GovCon...
