Gregg Einfalt, former president of ASRC Federal‘s engineering and aerospace operating group, has joined Reston, Virginia-based government services contractor Lentech as president. Einfalt will oversee Lentech’s efforts to grow its footprint in the civil and defense engineering and technical markets, the company said Feb. 1. “G...
The GovCon Index rebounded on oil price recoveries and investor confidence Friday at a gain of 0.547 points to 69.294 but remain below the 70-point barrier for a second consecutive close. The Index posted a loss of 2 percent for the week and is down 10.62 percent from the start of the year. CSRA‘s (NYSE:...
Feb. 8 – Feb. 12 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Many reasons have been put forth as to why global financial markets continue to be in turmoil but this week showed there may be no end in sight to this period of volatility that has carried...
ManTech International Corp. (Nasdaq: MANT) has been awarded a potential five-year, $71 million task order to provide advisory, systems engineering and technical services to the Combating Terrorism Technical Support Office. The task order contains a 12-month base period of performance and four 12-month options, ManTech said Friday. Daniel Keefe, pres...
The GovCon Index fell victim to across-the-board selloffs in global financial markets Thursday with a decline of 2.113 percent to 68.747, a figure that puts the Index at a decline of 11.34 percent from the start of the year. Still in a correction, Thursday’s plunge sent the GCI below 70 for the second time this...
TYSONS CORNER, VA, February 11, 2016 ” The Raytheon-built (NYSE: RTN) electronic and combat systems onboard the U.S. Navy‘s DDG 1000 Zumwalt-class destroyer have completed a week-long at-sea series of trials, ExecutiveBiz reported Wednesday. The company said Wednesday the Alpha Trials tested the capabilities of the Total Ship Co...
Steven Cummings, formerly vice president of business development and strategy at Chemring Group, has been named the company’s global business development and strategy VP. Cummings will oversee the company’s initiatives to develop growth strategies for all business segments, offset programs and research and development investments in coor...
The GovCon Index reversed a negative open of at least 1 percent as Tuesday’s trading day progressed but hit another dip in the final hour to end at a nominal gain of 0.044 points to 70.079. Gains in biotechnology and material shares helped U.S. stocks bounce back in Monday’s afternoon session but also ended at...
The GovCon Index closed Friday with a loss of 1.349 percent to 70.204 to go back to correction. The Index also posted a 2.15-percent weekly decline on continued U.S. market volatility and mixed earnings reports from some listed government services companies. Bloomberg reported that the U.S. dollar strengthened after a report from the ...
The GovCon Index tumbled back into a correction Friday at a decline of 1.349 percent to 70.204 as U.S. investors reacted to the latest jobs report with a view toward whether the Federal Reserve would raise interest rates again this year. For the week, the Index posted a decline of 2.15 percent driven by continued...
