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...
The GovCon Index showed signs of life Thursday with a gain of 1.105 percent to 73.040 amid further turmoil in international financial markets as U.S. stocks also rallied amid global losses. The S&P 500 rose 1.67 percent to show its largest gain in almost six weeks and go back above the 1, 900 mark. Crude...
Lockheed Martin (NYSE: LMT) has secured a potential one-year, $80 million contract modification to perform computer program baseline design work on Aegis combat systems aboard the U.S. Navy™s warships. The service branch awarded the contract modification to exercise the options under the Aegis Combat System Engineering Agent prog...
The GovCon Index attempted a recovery from steep morning and midday losses as Monday’s closing bell approached after another volatile day for U.S. markets but ended at a loss of 0.531 points to 73.407. Both the GovCon Index and S&P 500 composite index were down a full percentage point in mid-afternoon before a swing into...
Jan. 4 – Jan. 8 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Any thoughts that the start of 2016 would be smooth sailing for U.S. government contracting stocks and financial markets have quickly been cast aside as volatility from 2015’s second half carried into the...
Gary Slack, former president and chief operating officer of QinetiQ North America, has been appointed president and chief executive at Tysons, Virginia-based government services contractor XLA. The more than 30-year GovCon veteran will be responsible for implementing the company’s growth strategies and succeeds founder and former CEO Lloy...
The State Department has cleared Iraq’s request to purchase major defense equipment such as Lockheed Martin‘s (NYSE: LMT) Hellfire missiles and Captive Air Training Missiles under a potential $800 million foreign military sale contract. The Defense Security Cooperation Agency said Thursday the order includes 5, 000 AG...
The GovCon Index bounced wildly in and out of positive territory Tuesday morning and sharply rose in the afternoon session to close at a gain of 1.259 percent to 76.801. The S&P 500 composite index turned negative in the early afternoon session from a volatile morning period then swung again to a gain of almost...
The U.S. Special Operations Command has awarded BAE Systems and Northrop Grumman (NYSE: NOC) separate contracts worth a combined $52.8 million to develop radio frequency countermeasure platforms for integration with the U.S. Air Force™s MC-130J Commando II and AC-130J Ghostrider aircraft. BAE Systems said Monday it will develop the RFCM sy...
General Electric (NYSE: GE) has secured a potential $1 billion contract from Saudi Electricity Co. to engineer and build four gas turbines for SEC™s combined cycle power plant in Saudi Arabia. GE said Thursday it will also construct a steam turbine at its New York facility, provide turbine-related services and equip the engines with solar...
