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Lynn Dugle, a nearly 12-year veteran of Raytheon (NYSE: RTN), will join Chantilly, Virginia-based government services contractor Engility Holdings (NYSE: EGL) on March 21 as chief executive to succeed Tony Smeraglinolo, who has stepped down from the post after more than three years at the company. Dugle previously led Raytheon’s...
KEYW Corp. (Nasdaq: KEYW) has agreed on a $12 million cash deal for the sale of its systems engineering and technical assistance business to Quantech Services. “As part of an ongoing strategic review of our business, we came to the conclusion that the growth potential of both KEYW’s core business and the SETA business can...
Science Applications International Corp. (NYSE: SAIC), Booz Allen Hamilton (NYSE: BAH), G2 Software Systems and Kratos Defense & Security Solutions (Nasdaq: KTOS) have won separate contracts to provide technical support services for the U.S. Navy. Each of the three-year, multiple-award contracts contains two option years, the Defense D...
The GovCon Index fell into a decline over the final two hours of trade Monday to end the full session at a loss of 0.351 points to 72.136 but still end February at a gain for the month. The Index rose 0.329 points in February as investors continued to welcome additional earnings reports from some government contractors ...
TYSONS CORNER, VA, February 29, 2016 ” CSRA (NYSE: CSRA) will offer its in-house managed cybersecurity services to the federal market, ExecutiveBiz reported Friday. The Washington Business Journal reported Thursday Randy James, an executive at CSRA, noted that the framework is based on acquired cyber tools from third-party vendors. About&n...
TYSONS CORNER, VA, February 29, 2016 ” Engility (NYSE: EGL) has helped the U.S. Army develop a universal communications encryptor for military devices to aid in the transmission of classified information, ExecutiveGov reported Friday. The Army reported Wednesday Engility and its partners worked with the Army Communications-Electronics...
TYSONS CORNER, VA, February 29, 2016 ” Northrop Grumman (NYSE: NOC) has conducted a flight test of an RQ-4 Global Hawk equipped with the U.S. Air Force‘s SYERS-2 intelligence-gathering sensor, ExecutiveBiz reported Friday. The company said Thursday it used a Universal Payload Adapter to mount the sensor onto the high-altitu...
TYSONS CORNER, VA, February 29, 2016 ” A Lockheed Martin (NYSE: LMT) executive has said the company will work to cover the production of F-35 aircraft through a potential international block buy in fiscal year 2017, ExecutiveBiz reported Friday. Defense News reported Thursday Jeff Babione, Lockheed’s F-35 program manager, told report...
TYSONS CORNER, VA, February 29, 2016 ” CAE (NYSE: CAE) will provide training and simulation technology and services to three international customers under separate contracts worth $59.2 million, ExecutiveBiz reported Friday. The company said Thursday the contracts from the U.S. Air Force, NATO Support and Procurement Agency and the Public...
The GovCon Index closed Friday with a nominal decline of 0.082 points to 72.487 on falling crude oil prices and a slight increase in inflation. The Index also posted a 1.538-percent gain for the week on economic uncertainty and commodity price declines. Top GovCon Index Gainers Symbol Company $ Current Price Net Change % Change NAV Na...
