Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres. Donald Trump after his watershed election win Tuesday. The U.S. stock bellwether S&P 500 composit...
TYSONS CORNER, VA, Nov. 9, 2016 ” A Dell Technologies subsidiary has launched a new security platform that will work to protect Amazon Web Services (Nasdaq: AMZN) enterprise applications, as well as extend the Data Domain storage platform to Amazon Simple Storage Service, ExecutiveBiz reported Tuesday. Dell EMC said Monday its Ne...
TYSONS CORNER, VA, Nov. 9, 2016 ” The U.S. Army has awarded an ASRC Federal subsidiary a three-year, $14.1 million contract to provide wideband controls system engineering and technical support, ExecutiveBiz reported Tuesday. Vistronix will conduct services at Fort Belvoir, Virginia, through Nov. 3, 2019, the Defense Department said Friday. Abo...
TYSONS CORNER, VA, Nov. 9, 2016 ” Booz Allen Hamilton (NYSE: BAH) and Absolute Business Solutions Corp. have awarded Fulcrum separate subcontracts in support of the Defense Intelligence Agency and the U.S. Army, ExecutiveBiz reported Tuesday. Fulcrum said the subcontracts work to assist Booz Allen in its work under DIA’...
TYSONS CORNER, VA, Nov. 9, 2016 ” The National Cancer Institute has awarded Harris (NYSE: HRS) a five-year, $43 million contract to extend the latter’s data management support for the center’s intramural clinical trials program, ExecutiveBiz reported Tuesday. Harris said Monday it will provide clinical data management, qua...
TYSONS CORNER, VA, Nov. 9, 2016 ” CAE (NYSE: CAE) has received an order from Airbus‘ defense and space business for two additional flight simulators for the C295 aircraft as part of a memorandum of understanding, ExecutiveBiz reported Tuesday. Airbus said Monday one of the simulators will be assigned to its international t...
As of 11:15 a.m. Eastern time, Executive Mosaic’s GovCon Index is trading up 4 percent and on pace to record its largest one-day gain since its October 2014 inception as investors have snapped up shares in large defense primes after the upset victory by Donald Trump in the U.S. presidential election. U.S. stocks seesawed between...
Cubic Corp. (NYSE: CUB) has promoted Paul Gierow to vice president for technology at the Cubic Mission Solutions division and Roark McDonald to VP and general manager of GATR Technologies, a business within the CMS division. Gierow will be responsible for driving and aligning CMS’ innovation and technolo...
GovCon Index-listed Vectrus (NYSE: VEC) said Tuesday the U.S. Army will seek revised proposals for a recompeted logistics contract the company originally was not selected for in late September as the program’s current iteration represents the largest the contractor’s portfolio. Vectrus added it is also awaiting a Governmen...
United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a $167.5 million contract to fund long-lead engine materials needed for the low-rate initial production of lot 11 F-35s. Pratt & Whitney will supply 48 F135-PW-100 fighter engines for the U.S. Air Force, four F135-PW-100s for the U.S. Na...
