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Tag Archives: Defense

Stu Shea: Former Harris Gov’t Services Unit Emerges as ‘Peraton’ in Push for Nat’l Security Innovation

The former government services business of Harris Corp. (NYSE: HRS) that private equity firm Veritas Capital acquired in April has adopted the name Peraton after temporarily operating as MHVC Acquisition Corp. Peraton said Friday its new name derives from the concept that the company supports government customer missions that are critical to national …

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Raytheon Eyes Defense Tech Development, Capability Building in Saudi Arabia

TYSONS CORNER, VA, May 23, 2017 — Raytheon (NYSE: RTN) has entered into a partnership with state-owned Saudi Arabia Military Industries Company to pursue joint defense and technology development projects in areas such as smart munitions and defense systems cybersecurity, ExecutiveBiz reported Monday. The U.S. defense contractor said Saturday it will also …

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Army Vet Mary Legere Joins Accenture Federal Unit as Natl, Defense Intell Managing Director

Mary Legere, formerly a senior intelligence officer of the U.S. Army, has joined Accenture (NYSE: ACN) as managing director of national and defense intelligence business at the company’s federal services unit. Accenture said Thursday Legere will aim to bring the company’s digital, mission analytics and agile development service offerings to the defense, intelligence and cyber markets …

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KeyW Inks $235M Cash Deal for Sotera in Intell Community Push

Hanover, Maryland-based cyber and geospatial services contractor KeyW (Nasdaq: KEYW) has agreed to purchase Herndon, Virginia-based national security technology provider Sotera Defense Solutions for $235 million cash in a push to add new and complementary work with the intelligence community and related government customers. Both companies estimate the combined entity will generate close to $535 million in …

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March 1 Market Close: GovCon Index, US Stocks Climb to New Records on Trump Speech & Rate Hike Chatter

Executive Mosaic’s GovCon Index closed at an all-time high Wednesday for the second time in three sessions as U.S. stocks also extended their record-setting rally in their best one-day performance of 2017 so far with the S&P 500 composite index above 2,400 for the first time during intraday trade after President Donald …

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February 28 Market Close: GovCon Index, US Stocks Hold Lower Ahead of Trump Address

Executive Mosaic’s GovCon Index and U.S. stocks fell Tuesday at their worst one-day declines over the past month as investors looked ahead to President Donald Trump’s speech before a joint session of Congress at 9:00 p.m. Eastern time for further clues on his economic agenda that has included promises of tax cuts, deregulation …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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February 27 Morning Report: GovCon Index Gets Boost as Trump Reaffirms Military Buildup Plan

Executive Mosaic’s GovCon Index posted a 0.625-point climb Friday to record a fourth consecutive weekly gain as defense stocks received a boost from President Donald Trump’s reiteration of his presidential campaign pledge to build up the military. GCI advancers outnumbered decliners by a 4-to-1 ratio with Huntington Ingalls Industries (NYSE: HII) …

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February 22 Market Close: GovCon Index Flat, S&P 500 Dips After Fed Minutes

Executive Mosaic’s GovCon Index held flat as the U.S. stock bellwether S&P 500 composite index traded narrowly lower Wednesday after the most recent Federal Reserve meeting minutes indicated a desire among many policymakers to raise interest rates “fairly soon.” GovCon Index advancers slightly edged decliners 16-14 as seven of its 11 S&P 500 components closed green with Huntington …

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STG Makes Intell Community Push Through $119M Deal for Preferred Systems Solutions

Reston, Va.-based government technology services contractor STG Group has agreed to acquire software engineering and computing provider Preferred Systems Solutions for $119 million in a push to add new footprints in the intelligence community and other national security agencies. STG said Tuesday it expects to close the transaction by the end of March pending …

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