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The GovCon Index climbed back from a more than 1-percent fall in morning trade Tuesday but fell short of a full turnaround in the final hour, down 0.059 points to 71.756 in activity that mirrored U.S. stocks’ reversals as oil prices held positive. Crude oil futures in New York settled up 28 cents to $32.15 a barrel after ne...
TYSONS CORNER, VA, February 24, 2016 ” Raytheon (NYSE: RTN) has officially unveiled that its teaming arrangement with CAE (NYSE: CAE), Finmeccanica and Honeywell (NYSE: HON) will offer the T-100 trainer aircraft for the U.S. Air Force‘s T-X program, ExecutiveBiz reported Tuesday. Raytheon said Monday T-100 is based on the Aermacchi M...
TYSONS CORNER, VA, February 24, 2016 ” Battelle has appointed Jeff Geppert, a former internal research coordinator for health and consumer solutions, as one of the senior research leaders at the nonprofit company, GovCon Executive reported Tuesday. Battelle said Monday Geppert will be in charge of the company’s work with th...
TYSONS CORNER, VA, February 24, 2016 ” CACI International (NYSE: CACI) is ranked seventh in Fortune magazine’s list of the “world’s most admired companies” for 2016 in the information technology services category, GovCon Executive reported Tuesday. The company said Monday the recognition is based on FortuneR...
TYSONS CORNER, VA, February 24, 2016 ” Hewlett Packard Enterprise (NYSE: HPE) will serve as a Cyber Silver corporate sponsor of the Air Force Association’s CyberPatriot program for students, GovCon Executive reported Friday. AFA said Thursday the program aims to help students build cyber skills and encourage them to pursue ...
Comtech Telecommunications (Nasdaq: CMTL) has wrapped up its acquisition of TeleCommunication Systems for approximately $430.8 million in cash. TCS stockholders secured cash of $5.00 per share as the company’s common stock ceased trading on the Nasdaq Global Market at market close Tuesday following the completion of the purchase, Com...
The Federal Trade Commission has given Dell the green light to continue its approximately $67 billion cash-and-stock acquisition of enterprise data storage company EMC (NYSE: EMC). FTC approved the potential EMC-Dell combination after a 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, EMC said Tuesday...
Manhattan Construction has won a $149.9 million contract to construct a U.S. Army building in Fort Belvoir in Virginia. The six-floor building will comprise two underground levels and is set for completion by Aug. 30, 2019, the Defense Department said Tuesday. The Army Corps of Engineers solicited bids via the Internet and received five proposa...
The GovCon Index failed to carry over momentum from Monday’s sharp gain and posted a decline of 0.417 points to 71.815 Tuesday as U.S. stocks also suffered losses driven by another decline in oil prices and a new Consumer Confidence Index reading that fell below economists’ expectations. Intelsat (NYSE: I) posted a second ...
TYSONS CORNER, VA, February 23, 2016 ” Intel (Nasdaq: INTC) and AT&T (NYSE: T) will test unmanned aerial vehicle functions for video streaming and flight information transmission via an LTE wireless network, ExecutiveBiz reported Monday. AT&T said Monday they will use a Yuneec Typhoon H drone with Intel’s RealS...
