The GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive. Gains in technology shares such as Facebook and Google‘s parent Alphabet helped drive the recovery...
TYSONS CORNER, VA, February 1, 2016 ” Lockheed Martin (NYSE: LMT), with the help of ASRC Federal™s mission solutions business, will test the Long Range Discrimination Radar system for the Missile Defense Agency, ExecutiveBiz reported Friday. ASRC Federal said Tuesday it will provide software engineering, maintenance and...
TYSONS CORNER, VA, February 1, 2016 ” Lockheed Martin (NYSE: LMT) has partnered with NATS to explore and integrate air traffic management systems for the U.K. aviation market in support of the Single European Sky ATM Research initiative, ExecutiveBiz reported Friday. Lockheed said Thursday it will help NATS’ technology...
TYSONS CORNER, VA, February 1, 2016 ” Grant Thornton has appointed Vishal Chawla, a former principal at Deloitte‘s risk advisory practice, as managing principal of its cyber risk advisory services unit, GovCon Executive reported Friday. Grant Thornton said Thursday Chawla will be based in Virginia and has previously worked at Oracle&...
TYSONS CORNER, VA, February 1, 2016 ” Raytheon (NYSE: RTN) has worked with the Missile Defense Agency to perform an in-flight test on the Exoatmospheric Kill Vehicle, ExecutiveBiz reported Friday. The company said Thursday the activity works to gather data to validate the EKV’s redesigned thrusters as part of MDA’s test on...
A group of investors led by Carlyle Group (Nasdaq: CG) has closed its nearly $5.3 billion acquisition of Veritas from Symantec Corp. (Nasdaq: SYMC). Symantec™s board of directors expects to return $4 billion in accelerated share repurchases and additional capital return to shareholders by the end of March 2017, Symantec said Friday. Michael Bro...
The GovCon Index closed Friday with a 2.643-percent gain to 71.807 to surge out of correction territory. The gain comes amid a recovery in technology stocks and investor optimism on a slowdown of future interest rate increases by the Federal Reserve. Top GovCon Index Gainers Symbol Company $ Current Price Net Change % Change NAV...
The GovCon Index surged out of correction territory Friday with a gain of 2.643 percent to 71.807 which mirrored investor optimism that the Federal Reserve may slow down future interest rate hikes and a bounce-back from technology stocks. The Index ends the week at a 2.81-percent loss and the first month of 2016 with a...
As covered here yesterday, GovCon Wire’s parent company Executive Mosaic announced its inductions for the 2016 edition of the Wash 100 — EM’s annual selection of the government contracting arena’s most influential voices. These 100 individuals were chosen by EM’s editorial and organizational leadership as the executives...
TYSONS CORNER, VA, January 29, 2016 ” DigitalGlobe™s (NYSE: DGI) WorldView-4 satellite is scheduled to start commercial operations early next year to provide high-resolution Earth imagery products and services, ExecutiveBiz reported Thursday. The company said Wednesday it has received $335 million in commitments fr...
