Executive Mosaic’s GovCon Index struggled for most of December, with only seven daily gains in 19 trading days. The index, which tracks the stock performances of 30 major government contractors, declined 0.69% to $4,877.81 before the weekend. While the -0.13% overall loss from Dec. 23 to Dec. 27 was the lowest week-on-week decline this month,...
Jeff Brabant has been appointed vice president of operations at Tria Federal, the executive shared on LinkedIn Thursday. He brings extensive experience in project management, business analytics and strategy planning to his new role. Brabant is well-versed in revenue cycle management, process standardization, quality control, continuous pro...
The U.S. Marine Corps and Naval Information Warfare Center Pacific will set up a technology lab in late January to allow engineers and other experts to develop prototypes into scalable, deployable 5G networks to support warfighters operating in denied and contested environments, USNI News reported Tuesday. “We want a lab that can answer questions ...
Leidos has appointed Steve Boraz, a business development executive, as vice president of growth engineering, integration and operations. Boraz announced his promotion in a LinkedIn post published Thursday. Steve Boraz’s Career Background According to his LinkedIn profile, Boraz most recently served as capture director at Leidos, where he led t...
The U.S. Army Corps of Engineers has started seeking information on potential vendors that could provide remedial action construction, or RAC, support for the Iron King Mine–Humboldt Smelter, or IKM-HS, Superfund Site in Dewey-Humboldt, Arizona. According to a sources sought notice published Thursday, USACE plans to award a potential five-year, $2...
The Federal Aviation Administration has selected Noblis as the prime contractor for the unrestricted track of the potential 10-year, $709 million Air Traffic Engineering and Program Support, or ATEPS, II contract. Noblis said Thursday the ATEPS II indefinite-delivery/indefinite-quantity contract has a two-year base term and four two-year options and...
The Customs and Border Protection plans to award a contract by the second quarter of fiscal year 2025 to meet its fiscal year 2025 requirement to provide CBP personnel continued access to Microsoft applications through the Department of Homeland Security’s Microsoft Enterprise License Agreement, or ELA, blanket purchase agreement. According to...
Executive Mosaic’s GovCon Index closed 0.83% higher at $4,884.32 before the weekend. It was a rare second-straight daily gain in December but not enough to reverse course. The index, which tracks the stock performances of 30 major government contractors, lost 1.31% overall for the week following a sharp 2.64% drop on midweek. On Wall Street,...
South Korea-based Hanwha Systems and Hanwha Ocean have closed their acquisition of U.S. shipbuilder Philly Shipyard for approximately $100 million to expand its footprint in the U.S. market for defense growth and commercial shipbuilding. David Kim, most recently executive vice president for Hanwha Defense USA, has been appointed CEO of the acquired ...
The House on Thursday night turned down a stopgap spending measure backed by President-elect Donald Trump in a 174-235 vote, The Wall Street Journal reported. The revised legislation proposed funding the government through March 14, suspending the debt ceiling until January 2027 and providing more than $100 billion in funds for disaster relief and f...
