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Executive Mosaic’s GovCon Index closed Friday with a decline of 0.495 percent to 81.375 but posted a weekly gain of 2.57 percent after the Federal Reserve decision Wednesday to maintain current interest rates. The GCI’s S&P 500-listed companies and other large defense contractors helped drive gains,...
Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed c...
September 19 – September 23 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson KBR™s expansion move into the U.S. and global government services markets became official on Monday when the Houston-based engineering company closed its $300 million purchase of the busin...
TYSONS CORNER, VA, Sept. 23, 2016 ” The U.S. and India are close to reaching a deal to jointly manufacture the Javelin anti-tank guided missile technology, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Javelin Joint Ventures, a Lockheed Martin (NYSE: LMT)-Raytheon (NYSE: RTN) joint ventu...
TYSONS CORNER, VA, Sept. 23, 2016 ” Kurt Amend, who joined Raytheon (NYSE: RTN) in 2011, has been appointed to succeed the retiring Lou Laroche as president of the company’s operations in Saudi Arabia, GovConExecutive reported Thursday. Amend previously served as vice president of foreign policy and national sec...
TYSONS CORNER, VA, Sept. 23, 2016 ” SOS International has promoted Mike Franz, director of business development, to vice president for business development as Jim Edwards moves on to take a job with the U.S. government, GovCon Executive reported Thursday. The company said Thursday Franz has worked with Leidos (NYSE...
TYSONS CORNER, VA, Sept. 23, 2016 ” Vencore‘s research arm will build a radio-frequency mapping software under a $5 million subcontract from Lockheed Martin (NYSE: LMT) for support on the Defense Advanced Research Projects Agency‘s Advanced Radio Frequency Mapping program, ExecutiveBiz reported Thursday. Vencore Labs will ...
TYSONS CORNER, VA, Sept. 23, 2016 ” DigitalGlobe (NYSE: DGI) will continue to provide government agencies on-demand access to satellite imagery for another year under a contract renewal from the National Geospatial-Intelligence Agency, ExecutiveBiz reported Thursday. The company said Wednesday the Global Enhanced GEOINT Delivery ...
General Dynamics (NYSE: GD) will move to establish a new corporate headquarters on a 21-acre property in Reston, Virginia after the Fairfax County Board of Supervisors approved the aerospace and defense contractor’s development plan. Fairfax County said Thursday that General Dynamics plans to move 175 employees from the cur...
DRS Technologies has won a potential five-year, $339.3 million contract from the U.S. Army to support the military service’s Joint Effects Targeting System initiative. The Army Contracting Command received two offers for the firm-fixed-price contract and will determine performance location with each order, the Defense Department said...
