The GovCon Index bounced back from its early morning decline at the open to close at a gain of 0.522 points to 76.214 as both stock and commodities markets seemed to move past news that major oil suppliers did not agree on a production freeze at their Doha meeting over the weekend. The Index opened nearly one-quarter...
TYSONS CORNER, VA, April 18, 2016 ” Lockheed Martin (NYSE: LMT) will sponsor a College for Business and Entrepreneurship at King Abdullah Economic City in Saudi Arabia, GovCon Executive reported Friday. The company said Wednesday it has partnered with Babson Global, the Saudi Arabia Economic Offset Program office and KAEC to open ...
TYSONS CORNER, VA, April 18, 2016 ” Oracle (NYSE: ORCL) plans to invest an estimated $200 million into educational programs over the next 18 months in support of the White House’s Computer Science for All initiative, GovCon Executive reported Friday. The company said Wednesday the investment aims to deliver computer science educ...
TYSONS CORNER, VA, April 18, 2016 ” Parsons will provide Ballistic Missile Defense System implementation support to the Missile Defense Agency under the $60 million contract the agency awarded in March, GovCon Executive reported Wednesday. “This contract is a natural extension of the work we have been performing for the MDA for...
Mitel (Nasdaq: MITL) has agreed to purchase Polycom (Nasdaq: PLCM) for approximately $1.96 billion in cash and stock as both companies seek to establish a business that will offer communications and collaboration systems to enterprise customers. Both companies expect to close the acquisition in the third quarter of 2016 and create a combin...
The GovCon Index closed Friday with a 0.386-point increase to 75.69, capping GCI’s third week in positive territory over the past four weeks. Energy shares saw a decline of at least 1 percent ahead of a meeting between the world’s largest oil producers Sunday to discuss measures to address a potent...
The GovCon Index held against larger trends in U.S. financial markets Friday with a gain of 0.386 points to 75.692 as declines by energy and technology shares weighed on the bellwether S&P 500 composite index. Nine of the GCI’s 11 S&P 500-listed companies posted gains with McKesson (NYSE: MCK) as that group’s largest po...
April 11 – April 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among companies in the government services sector over the last half-decade has inevitably led market observers to ponder the prospects of merger-and-acquisition deals between the la...
TYSONS CORNER, VA, April 15, 2016 ” Vencore will provide research, development, test and evaluation services to support the Defense Advanced Research Projects Agency™s Extreme DDoS Defense program under a potential $7.7 million contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday the program works to au...
TYSONS CORNER, VA, April 15, 2016 ” A report from Deloitte indicates that exports in the U.S. aerospace and defense sector increased by 58.9 percent over the past five years to reach $143.3 billion in 2015, ExecutiveBiz reported Thursday. The company said Wednesday the A&D industry in the U.S. exported the most to China, the U.K. ...
