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Tag Archives: energy

Army Awards $1.6B Fort Detrick Energy Services Contract

A Chevron-Keenan Development partnership secured a potential 30-year, $1.60B contract to provide energy services at a U.S. Army installation in Frederick, Md. The Department of Defense said Wednesday it expects Keenan Fort Detrick Energy LLC to complete services under the firm-fixed-price contract by March 31, 2049. Army Mission and Installation …

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Deloitte Offers Risk Assessment, Strategy Services for Drone Integration in Business Ops

TYSONS CORNER, VA, November 16, 2018 — Deloitte has unveiled a new offering that will work to help clients create drone strategies to support business operations and processes while ensuring regulatory compliance and risk management, ExecutiveBiz reported Thursday. The company said Wednesday the Deloitte US Global Drone Solutions service will utilize an …

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Symantec Studies Cyber Espionage Group Targeting Energy Systems in Europe, NA

TYSONS CORNER, VA, Sept. 12, 2017 — Symantec (Nasdaq: SYMC) has unveiled its findings on the recent activities of a cyber espionage group called “Dragonfly” that has targeted the energy sector in Europe and North America, ExecutiveBiz reported Monday. The company said Wednesday Dragonfly appears to have re-emerged in late 2015 and …

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BAE Systems Unveils Future Power Plant at UK Naval Base to Drive Energy Savings

TYSONS CORNER, VA, Aug. 8, 2017 — BAE Systems aims to help the U.K. navy address energy concerns with a future combined heat and power plant at Portsmouth Naval Base that could generate annual energy savings worth approximately $5 million, ExecutiveBiz reported Monday. The company said Friday the CHP facility will …

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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 16 Market Close: GovCon Index Moves Green on Huntington Ingalls 4Q Beat, US Stocks Pause Rally

Executive Mosaic’s GovCon Index closed at a new all-time high for a fourth consecutive session on strong fourth quarter earnings from Huntington Ingalls Industries (NYSE: HII) as the U.S. benchmark S&P 500 retreated Thursday after a five-day stretch of record closes. Both the GCI and U.S. equities had set continued record highs during those streaks on …

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Veritas Capital Raises $3.6B for Future Investment in Midmarket Tech Companies

Veritas Capital has raised $3.55 billion to fund future investments in technology-focused middle-market companies that support government-related and commercial organizations across various sectors. The private equity investment firm said Wednesday Veritas Capital Fund VI, which exceeded the target hard cap of $3 billion in four months, could go to investments in sectors such …

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February 7 Market Close: GovCon Index Higher on Boeing Lift, US Stocks End Positive Despite PM Dip

Executive Mosaic’s GovCon Index closed higher Tuesday with a strong performance by Boeing (NYSE: BA) the main contributor, while U.S. stocks ended slightly green despite an afternoon descent as investors eyed oil price declines. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio as nine of its 11 S&P 500 components …

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February 6 Market Close: GovCon Index Inches Green on Aerospace Prime Boosts, US Stocks Lower

Executive Mosaic’s GovCon Index notched a small advance Monday on help from large aerospace-and-defense primes as U.S. stocks held lower without a major event as a driver of trading activity in equity markets. GovCon Index gainers and decliners split even at 15-each but eight of its 11 S&P 500 components gained with seven of …

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January 30 Market Close: GovCon Index Broaches 1% Decline Amid Market Anxiety Over Immigration Order

Executive Mosaic’s GovCon Index posted its largest decline in seven weeks Monday as the general U.S. stock market also saw increased selling activity amid investor concern over the Trump administration’s immigration measure to bar entry into the U.S. from seven Middle East countries. Only three of the GovCon Index’s 30 components advanced …

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