TYSONS CORNER, VA, Aug. 19, 2016 ” CGI (NYSE: GIB) has received a $34.2 million contract option to provide operating environment support services to the Army Training and Doctrine Command‘s intelligence directorate, ExecutiveBiz reported Thursday. It represents the first option year under a potential five-year $12...
Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers wi...
TYSONS CORNER, VA, Aug. 16, 2016 ” Defense Department acquisition chief Frank Kendall has granted Milestone C approval to Boeing‘s (NYSE: BA) KC-46A Pegasus refueling tanker aircraft developed for the U.S. Air Force, ExecutiveBiz reported Monday. Boeing is due to receive two contracts worth a combined $2.8 billion...
The U.S. Navy has chosen Logistics Services International and Technical Software Services to provide re-engineering, development and personal computer simulation services under separate contracts worth up to $345 million combined. The Defense Department said Monday each contract has 33 base months plus a 36-month option peri...
Executive Mosaic’s GovCon Index closed at another all-time high Monday with 28 out of 30 companies including all 11 S&P 500-listed stocks in green and middle- to large-tier defense contractors as the session’s top advancers. L-3 Communications (NYSE: LLL) led all net gainers after the military technology maker was sele...
A group of investors including New York City-based Apollo Global Management (NYSE: APO) along with executive team members at Constellis Group have agreed to undertake a buyout of the global security services contractor for an undisclosed sum. Constellis Group said Friday it expects the transaction to close by the end of September...
Lockheed Martin (NYSE: LMT) has received a $112.7 million contract modification from the U.S. Navy to produce components for the fiscal 2016 Aegis combat system modernization effort. The company will provide multi-mission signal processor equipment sets, ballistic missile defense 4.0.2 equipment, Aegis AMOD upgrade equipment and ...
The U.S. Navy has awarded seven companies contract modifications worth $117.3 million combined to continue to provide technical and engineering services for the service branch’s vessels. The contract modifications were awarded to exercise the second option year on a previously awarded cost-plus-fixed-fee, indefinite-delivery/indefinite-quanti...
August 8 – August 12 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government contracting sector observers got a twin bill of significant acquisition developments during the Thursday evening-Friday morning “down time” in financial markets t...
Hewlett Packard Enterprise (NYSE: HPE) has agreed to purchase Milpitas, California-based high-performance computing platforms provider Silicon Graphics International (Nasdaq: SGI) for approximately $275 million cash in a push to expand its footprint in the HPC and big data analytics markets. SGI said Thursday the price of the transaction is $7.75 pe...
