Northrop Grumman‘s (NYSE: NOC) chief executive signaled to investors Wednesday that he would rather reposition its technology services segment to different focus areas rather than pursue a sale or spinoff of the division. Falls Church, Virginia-based Northrop created the technology services segment at the start of this year from a rea...
ManTech International (Nasdaq: MANT) reported second quarter earnings Wednesday that topped the consensus analyst estimate in part on task order awards for cybersecurity support services to federal agencies. GovCon Index-listed ManTech said second quarter earnings came in at 39 cents per share versus Wall Street’s forecast of 35 ce...
Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as th...
The U.S. Air Force has awarded contract modifications worth a combined $88 million to 12 companies to provide information technology application services through the military branch’s Network-Centric Solutions-2 vehicle. The Defense Department said Tuesday work will occur through June 20, 2022 and the Air Force will determine ...
TYSONS CORNER, VA, July 25, 2016 ” Stacy Schwartz, vice president for public safety within AT&T‘s (NYSE: T) government solutions business, has said the public safety market is seeing increased adoption of video and mobility technologies, which organizations also use in combination to drive collaboration. “Mobile networ...
July 18 – July 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson As is the custom of recent times, Lockheed Martin started a new earnings season for GovCon companies Tuesday with a boost to its full-year guidance and second quarter financial results that ...
VSE Corp. (Nasdaq:VSEC) has received a potential 16-month, $74 million delivery order under a foreign military sales Naval Ship Transfer and Repair contract for services to reactivate decommissioned U.S. Navy ships that will be transferred to Taiwan’s military. Alexandria, Virginia-based said Thursday it will mana...
The State Department has approved a potential $785 million foreign military sale of munitions and related sustainment and support services to the United Arab Emirates. The Defense Security Cooperation Agency said Tuesday the deal covers GBU-10 guidance kits with Mk-84/BLU-117 bombs, GBU-12 kits with Mk-82/BLU-111 bombs, GBU-31V1 kits ...
Executive Mosaic’s GovCon Index scored a gain in choppy trade Tuesday on help from defense prime stocks such as Lockheed Martin (NYSE: LMT), which posted second quarter earnings and sales above analyst expectations but issued some caution to analysts on future earnings and the F-35 program. The GovCon Index closed up 81.865 points to 0.27...
Lockheed Martin (NYSE: LMT) envisions further reductions in its outstanding share count after the merger of its information systems and global solutions business into Leidos Holdings (NYSE: LDOS) completes on its scheduled closure date of Aug. 16, Lockheed Chief Financial Officer Bruce Tanner told investors Tuesday. Tanner’s com...
