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. ...
TYSONS CORNER, VA, April 15, 2016 ” SAP (NYSE: SAP) plans to award $2.4 million in grants to nonprofit organizations to promote computer science and other specializations in the areas of science, technology, engineering and math as part of the government’s Computer Science for All initiative, GovCon Executive reported Thursday. The c...
TYSONS CORNER, VA, April 15, 2016 ” Hughes Network Systems has provided $10, 000 in prizes to a student from McLean County in Illinois for his work to help empower young people in the fields of science, technology, engineering and math, GovCon Executive reported Thursday. The company said Wednesday the National 4-H Council select...
TYSONS CORNER, VA, April 15, 2016 ” Casey Coleman, vice president for federal civilian agencies at Unisys (NYSE: UIS), believes new approaches such as Federal CIO Tony Scott’s “secure by design” concept for technology development work to ensure the security of federal networks, Executive Gov reported Wednesday. Colem...
Congress could review the U.S. Air Force‘s and the Defense Department‘s independent cost estimates for the Long Range Strike Bomber program after the legislative branch’s research arm found Northrop Grumman‘s (NYSE: NOC) winning bid to be “substantially below” those projections,  Bloomberg reported Thursd...
Howard Lance, former chairman and CEO of Harris Corp. (NYSE: HRS), has been selected to succeed Daniel Friedmann as president and CEO of MacDonald, Dettwiler and Associates, effective May 16. MDA said Thursday Lance is expected to join MDA™s board of directors, while Friedman will continue to serve as a board member. œLance brings to...
Boeing (NYSE: BA) has received a $308 million contract modification from the U.S. Army to manufacture 12 CH-47F helicopters for Holland through a foreign military sales contract. The Defense Department said Thursday the company will complete the production in Ridley Township, Pennsylvania, by April 15. The CH-47F Chinook helicopter in...
