Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenu...
The General Services Administration has asked shortlisted contractors to submit proposals for the construction of a consolidated FBI headquarters building that will receive $1.4 billion in funds under President Barack Obama’s budget for fiscal year 2017. The FBI Headquarters Consolidation Project is part of GSA’s program to comply w...
Jan. 18 – Jan. 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Volatility in financial markets has become a fact of life all over the world and has sent investors questioning where the opportunities are in the midst of headwinds such as declining commodity pric...
System of Systems Security has won a potential five-year, $99 million “other transaction” agreement with the U.S. Air Force to develop, integrate and test information sharing technology prototypes for various C4ISR systems. The Air Force Research Laboratory received six offers for the program through a competitive pro...
The State Department has approved Iraq™s request to buy munitions, weapons, related equipment and logistics support services for F-16 fighter jets from the U.S. government under a potential $1.95 billion foreign military sales agreement. The Defense Security Cooperation Agency said Wednesday that Iraq will use the weapons systems...
Tiffanny Gates, formerly vice president of cyber strategies at Raytheon‘s (NYSE: RTN) Blackbird Technologies subsidiary, has joined Novetta as president of the company’s federal division. Gates will be responsible for the company’s projects for the U.S. government and for the division’s strategy, business development and...
The GovCon Index mirrored wild volatility in U.S. markets Wednesday to close at a decline of 0.703 points to 71.438 with an attempt to recover from steep and rapid declines during morning and mid-afternoon trade. The Index showed a 3.5 percent decline at around 12 p.m. ET and fell further to a 4.5-percent loss shortly...
Los Angeles-based investment firm Platinum Equity has agreed to purchase Arlington, Va.-based government services contractor PAE from New York City-headquartered private equity firm Lindsay Goldberg for an undisclosed sum in a deal the parties expect to close by February 2016, the companies said Monday. Lindsay Goldberg purchased PAE for $350 millio...
TYSONS CORNER, VA, January 15, 2016 ” Raytheon | Websense — a Raytheon (NYSE: RTN) and Vista Equity Partners joint venture — has announced its new name as Forcepoint as it aims to develop its internal network monitoring services, ExecutiveBiz reported Thursday. Forcepoint said Thursday the reb...
NASA has awarded Orbital ATK (NYSE: OA), Sierra Nevada and SpaceX a second round of potential multi-billion dollar contracts to deliver cargo to and from the International Space Station through 2024 in support of efforts to end U.S. reliance on Russia for access to space by 2017, agency officials said Thursday. Each new Commercial Resupply...
