Mitel (Nasdaq: MITL) has agreed to purchase Polycom (Nasdaq: PLCM) for approximately $1.96 billion in cash and stock as both companies seek to establish a business that will offer communications and collaboration systems to enterprise customers. Both companies expect to close the acquisition in the third quarter of 2016 and create a combin...
General Dynamics (NYSE: GD) has appointed Firat Gezen, formerly chief operating officer of its ordnance and tactical systems arm, as the unit’s president following the retirement of Michael Wilson. The company said Friday Gezen, who was also elected as corporate vice president, will assume his new role on May 1 and will report t...
Howard Lance, former chairman and CEO of Harris Corp. (NYSE: HRS), has been selected to succeed Daniel Friedmann as president and CEO of MacDonald, Dettwiler and Associates, effective May 16. MDA said Thursday Lance is expected to join MDA™s board of directors, while Friedman will continue to serve as a board member. œLance brings to...
TYSONS CORNER, VA, April 14, 2016 ” CenturyLink (NYSE: CTL) will bid on task orders under the potential $4.3 billion Global Network Services contract awarded in December to provide wireless network transport services, GovCon Executive reported Friday. The company said Thursday it eyes task orders on virtual private networks, Wi-F...
April 4 – April 8 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The global effort to combat the spread of mosquito-borne Zika virus in the Western Hemisphere now will include the company soon to become the largest U.S. government services contractor. Reston, Virginia-base...
Boeing (NYSE:BA) has received a $922.6 million U.S. Army contract modification to deliver 117 AH-64E Apache combat helicopters. The Defense Department said Thursday work for the modification will occur in Mesa, Arizona, through May 31, 2018. The full obligated amount is from fiscal 2015 and 2016 “other procurement” funds, ...
Engility (NYSE: EGL) has secured a potential five-year, $247.9 million contract to advise and assist in the Defense Threat Reduction Agency™s research and development mission. The Defense Department said Thursday the company will execute the contract at Fort Belvoir in Virginia, Kirtland Air Force Base in New Mexico and Egli...
The GovCon Index suffered its largest percentage drop in two months Thursday at 0.987 percent — or -0.738 points — to 74.031 with satellite services provider Intelsat (NYSE: I) and rocket maker Orbital ATK (NYSE: OA) the only GCI stocks to close in positive at 3.23 percent and 4 cents, respectively. Maximus (NYSE: MMS...
TYSONS CORNER, VA, April 7, 2016 ” CGI (NYSE: GIB) will provide software development, test and implementation support to the Environmental Protection Agency‘s Office of Research and Development under awards worth a potential $22 million combined, ExecutiveBiz reported Wednesday. The company said Wednesday it will leverage i...
CAE (NYSE: CAE) has captured contracts worth a combined $132.8 million to provide flight simulation equipment and pilot training services to multiple domestic and international defense customers. The company said Wednesday it received a contract from Lockheed Martin (NYSE: LMT) to build Phenom 100 synthetic training devices ...
