The year 2015 for government contractors was one that featured major landscape shifts in its composition unlike any other since the post-Cold War drawdown in the 1990s that resulted in consolidation among the defense market’s largest companies. GovCon’s services arena took its turn to drive the consolidation narrative in 2016 as many of ...
Northrop Grumman (NYSE: NOC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a 3.86-percent decline in profit for its 2015 fiscal year compared to 2014 on lower sales in space and restricted programs and a modest increase in pension costs. Net earnings for 2015 came in at $1.99 billion...
General Dynamics™ (NYSE: GD) land systems business unit has won a $170.7 million contract to produce a simulator for the Raytheon-built (NYSE: RTN) weapon system onboard Stryker vehicles. The U.S. Army awarded the cost-plus-fixed-fee contract following an Internet-based solicitation and will determine the funding with each order, the Defen...
Orion International, a military talent acquisition services provider to corporate clients, has purchased recruitment company Novotus for an undisclosed amount. Orion CEO Mike Starich said in a statement released Tuesday he believes the transaction works to combine the companies’ capabilities. Cory Kruse will continue to lead Novotus as pr...
TYSONS CORNER, VA, January 26, 2016 ” Boeing (NYSE: BA) has completed the first refueling test of the company-built KC-46A Pegasus tanker aircraft with an F-16 jet, ExecutiveBiz reported Monday. The company said Sunday the tanker offloaded up to 1, 600 pounds of fuel to the jet while flying over Washington state at an altitude of...
CACI International (NYSE: CACI) has received a four-year, $35 million task order to perform program management and technical analysis on the U.S. Fleet Forces Command™s computer infrastructure. The company will work to maintain computer models ship components and hardware under the contract, CACI said Tuesday. œWe will continue to support ...
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...
