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Tag Archives: contracts

ManTech’s Judy Bjornaas: Firm’s New Pricing Model Reflects Gov’t Contract Strategy

TYSONS CORNER, VA, September 11, 2019 — Judy Bjornaas, executive vice president and chief financial officer at ManTech International (Nasdaq: MANT), revealed the company has moved to change its contracting strategy from a cost-plus pricing model to fixed pricing, reflecting similar shifts in government spending, ExecutiveBiz reported Aug. 26.

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Jacobs Gets $242M Contract to Support Navy’s Intelligent Asset Management

Jacobs Engineering Group (NYSE: JEC) will provide operation and maintenance services to support the U.S. Navy in intelligent asset management under a potential $241.7M contract. The company said Wednesday it will work at Naval Station Mayport and Marine Corps Support Facility Blount Island in Jacksonville, Fla., and other areas supported …

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India to Procure Boeing P-8 Training System, Maintenance Service for $307M

India’s ministry of defense has cleared a proposal to buy a training system for P-8 military aircraft crew and associated maintenance service from Boeing (NYSE: BA) through a potential $307.5 million contract. The Indian government said Thursday Boeing’s P-8 training platform will work to help the country’s navy train and rehearse for complex flight …

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Raytheon Lands $2.87B Army Training Equipment, Simulation Support Contract

Raytheon (NYSE: RTN) has received a potential two-year, $2.87 billion contract to provide  integrated life cycle support for the U.S. Army‘s live, virtual and constructive training platforms. The Defense Department said Thursday the company will support training aids, simulators, tools and simulation efforts of the Army, combatant commanders and other DoD customers. The Army Contracting Command …

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Dynetics Appoints Ronnie Chronister as Contracts VP

Ronnie Chronister, formerly director of Army, cyber and missile defense programs at Dynetics, has been named vice president of contracts at the Huntsville, Alabama-based engineering, applied science and information technology contractor. He will succeed Sallie Patterson, who will retire from Dynetics after a 19-year career there, the company said Wednesday. Chronister has a more than 32-year …

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Joe Kopfman: American Systems Eyes Business Dev’t, M&A Initiatives in Push for Growth

TYSONS CORNER, VA, Jan. 27, 2017 — Joe Kopfman, American Systems‘ chief compliance officer and executive vice president for contracts and administration, has stated that the company will work to drive growth through its business development and mergers and acquisitions initiatives. The company’s business development efforts will target large prime opportunities that …

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Lynn Dugle: Engility Shifts to Organic Growth Focus, Seeks $5B in New Bids

Engility Holdings (NYSE: EGL) expects to start seeing some organic sales growth in the second half of this year as the company has finished the integration of fellow government services contractor TASC one year out from that acquisition’s closure, CEO Lynn Dugle told investors Thursday. Chantilly, Virginia-based Engility has nearly $3.5 billion …

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Engility Issues FY 2016 Guidance Below Wall Street Forecasts

Engility Holdings (NYSE: EGL) — one of 30 companies listed on Executive Mosaic’s GovCon Index — issued its fiscal year 2016 earnings and revenue guidance Thursday below the consensus Wall Street analyst estimates for both figures. The Chantilly, Virginia-based government services contractor said it sees earnings of between $1.00 and …

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May 21 Market Close: GovCon Index Dips, US Stocks Rise on Uneven Economic Reports

The GovCon Index closed with an even mix of gainers and laggers for Thursday’s trading session to record a loss of 0.149 points and close at 75.394. Major U.S. stock indices closed up Thursday after positive earnings reports from Salesforce and Best Buy and gains in energy shares offset economic reports …

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Health Net Gov’t Contract Revenue Jumps 7% in 1Q, Total Sales Up 28%

Health Net (NYSE: HNT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has announced financial results for the first quarter of its 2015 fiscal year ended March 31, 2015. The Los Angeles-based managed healthcare services company said its revenue from government contracts increased 7.37 percent from the prior year period …

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