The GovCon Index fell victim to across-the-board selloffs in global financial markets Thursday with a decline of 2.113 percent to 68.747, a figure that puts the Index at a decline of 11.34 percent from the start of the year. Still in a correction, Thursday’s plunge sent the GCI below 70 for the second time this...
TYSONS CORNER, VA, February 11, 2016 ” UTC Aerospace Systems has received a subcontract from Boeing (NYSE: BA) to produce landing gear systems for U.S. Air Force aircraft, ExecutiveBiz reported Wednesday. The United Technologies Corp. (NYSE: UTX) subsidiary said Tuesday it will provide the landing gear for the Boeing-bu...
TYSONS CORNER, VA, February 11, 2016 ” A subsidiary of General Dynamics (NYSE: GD) will provide a prototype unit for the U.S. Navy™s Ohio Replacement submarine under a $23.6 million contract modification, ExecutiveBiz reported Wednesday. The company said Tuesday General Dynamics Electric Boat will also de...
TYSONS CORNER, VA, February 11, 2016 ” CAE™s (NYSE: CAE) U.S. business unit will perform technology refresh on the U.S. Navy™s fleet of MH-60 Seahawk helicopters, ExecutiveBiz reported Wednesday. The company said Wednesday the upgrade work covers the simulator and training systems for the MH-60S Sierra and MH-60R R...
TYSONS CORNER, VA, February 11, 2016 ” The Raytheon-built (NYSE: RTN) electronic and combat systems onboard the U.S. Navy‘s DDG 1000 Zumwalt-class destroyer have completed a week-long at-sea series of trials, ExecutiveBiz reported Wednesday. The company said Wednesday the Alpha Trials tested the capabilities of the Total Ship Co...
TYSONS CORNER, VA, February 11, 2016 ” Jacobs Engineering Group (NYSE: JEC) has received a three-year contract to provide engineering, technical and professional services to the Georgia Department of Transportation, ExecutiveBiz reported Wednesday. The company said Tuesday it will help design and manage the state’s transportation sys...
CSRA (NYSE: CSRA) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings that exceeded Wall Street estimates and revenue below analyst expectations for the third quarter of its 2016 fiscal year and its first financial results statement as a publicly-traded company. The federal technology services co...
Eight companies have won small business set-aside positions on a potential nine-year, $450 million contract to provide training support services for the U.S. Air Force in an effort to help the U.S. and partner agencies counter national security threats. The service branch awarded the multiple-award, indefinite-delivery/indefinite-quantity contract t...
Steven Cummings, formerly vice president of business development and strategy at Chemring Group, has been named the company’s global business development and strategy VP. Cummings will oversee the company’s initiatives to develop growth strategies for all business segments, offset programs and research and development investments in coor...
The GovCon Index largely reversed its spike from morning trade Wednesday but held onto nominal gain/loss of 0.152 points to 70.231 in a choppy session for U.S. financial markets. The Index rose at least 0.75 percent in the first two hours of activity and mirrored gradual declines by U.S. stocks as traders reacted to volatility...
