The U.S. Navy has awarded three companies spots on a potential five-year, $1.32 billion contract to help maintain amphibious warfare and surface combatant ships that dock in San Diego. The Defense Department said Wednesday that BAE Systems, General Dynamics (NYSE: GD) unit NASSCO and Continental Maritime of San Diego, a subsidia...
Lockheed Martin (NYSE: LMT) has been awarded a potential three-year, $197.6 million contract modification to carry out computer program baseline development work on the U.S. Navy‘s Aegis combat systems. The contract also covers design, testing, systems engineering, delivery and integration work on technology insertion-relat...
The GovCon Index turned upward in the last two hours of trade Wednesday after the Federal Reserve announced it would baseline interest rates unchanged and closed at a gain of 0.599 points to 73.987. Index stock Vectrus (NYSE: VEC) led all gainers at 9.44 percent after the information technology and communications contractor poste...
Retired U.S. Army Lt. Gen. Patricia Horoho, a former army surgeon general and head of the branch’s medical command, will join Accenture‘s (NYSE: ACN) U.S. government services subsidiary on April 6 as leader of the defense health practice. Accenture Federal Services said Wednesday she will oversee the pr...
The GovCon Index failed to turnaround declines incurred during morning trade Monday and ended at a loss of 0.237 points to 73.743 as U.S. stocks hovered in and out of positive territory throughout the afternoon session. Investors have turned their attention to the Federal Reserve‘s two-day meeting Wednesday and Thursday wit...
Mar. 7 – Mar. 11 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The start of March has given investors everywhere a respite of calm so far after a January and February period of across-the-board, worldwide market volatility that carried over from the end of last year....
The General Services Administration has awarded 31 companies spots on two potential 10-year contracts worth up to $30 billion combined to provide building maintenance and operations support at the federal government’s Zone 1 sites. Nine companies will compete for task orders under the BMO Unrestricted contract and 24 vendor...
The GovCon Index recovered from a brief morning dip into a decline Tuesday and closed at a gain of 0.443 points to 73.042 as U.S. stocks rose in tandem with crude oil prices in New York and investors awaited a decision from Europe’s central bank on additional stimulus. Crude futures in New York settled up...
Sikorsky Aircraft, a subsidiary of Lockheed Martin (NYSE: LMT), has received a $387.2 million contract modification to produce additional Black Hawk helicopters for the U.S. Army. Sikorsky will deliver 35 UH-60M Black Hawk helicopters to the Army to exercise an option in a previously awarded contract, the Defense Department said Tuesday. T...
General Dynamics (NYSE: GD) NASSCO will maintain the USS Essex amphibious assault ship under a $156.5 million add-on contract for phased maintenance availability. The company will perform depot-level maintenance and overhaul to update the ship’s military and technical systems, General Dynamics said Thursday. General Dynamics will carry ou...
