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Tag Archives: featured

May 11 Market Close: GovCon Index, US Stocks Hover in Neutral

The GovCon Index mirrored slight across-the-board declines in U.S. stocks Monday to record a nominal loss of 0.037 points and closing figure of 73.906. CNBC reports investors looked to bond yields and await this week’s release of retail sales and industrial production figures in order to further their understanding of U.S. economic indicators after …

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Abry Buys Program Mgmt Software Firm Compusearch; Reid Jackson Comments

Boston-based investment firm Abry Partners has purchased acquisition and program management technology provider Compusearch from an Arlington Capital Partners–JMI Equity alliance for an undisclosed sum. Abry aims to help build up Compusearch’s portfolio of software products designed to address government contract transparency and compliance issues, Compusearch CEO Reid Jackson said Friday. SunTrust …

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Army Picks 9 Firms for $995M Info Engineering Services IDIQ

The U.S. Army has awarded positions on a three-year, $994, 675, 676 contract to nine companies for technical information engineering services. The Defense Department said Friday awardees will compete for task orders under the multiple award, indefinite-delivery/indefinite-quantity contract for work through May 7, 2018. Eleven proposals were submitted to the Army and awardees …

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Joseph Brown to Lead VSE’s Federal Services Group

Joseph Brown, a 19-year veteran of VSE Corp. (NASDAQ: VSEC), has been promoted to president of the company’s federal services business group. He will report directly to CEO Maurice Gauthier and oversee an organization that provides fleet modernization and sustainment, prototyping, configuration management, engineering, logistics and field support services to U.S. and …

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Army Chooses 14 Firms for $1.5B Energy Mgmt Services IDIQ

Fourteen companies will compete to design, build and operate energy-conservation systems for the U.S. Army under a potential nine-year, $1.5 billion contract. The firm-fixed-price contract will run through May 7, 2024 and the Army Corps of Engineers will provide funds and performance location upon the award of each task order, …

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Army Taps General Electric to Provide Turboshaft Engines to Taiwan

General Electric‘s aviation arm will provide its T700 701D/401C turboshaft engine for military aircraft under a $2 billion foreign military sales contract with Taiwan. The Defense Department said Friday the indefinite-delivery/indefinite-quantity contract supports U.S. Army, Navy and Air Force program requirements and runs through Dec. 31, 2020. The Army Contracting Command at Redstone …

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May 8 Market Close: GovCon Index, US Markets Rally 1% on Jobs Report

The GovCon Index recovered an entire week’s worth of losses Friday with a rally of 1.046 percent to close at 73.943. All major U.S. stock indices recorded gains of at least 1 percent after April’s employment report from the Labor Department showed the country added 223, 000 jobs during the month, which the …

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Constellis, Olive Group to Merge in Security Business Strategy

Constellis Group has agreed to merge with Olive Group in a bid to grow both companies’ risk management, security and managed support service offerings in the global commercial market. Olive Group employs approximately 5, 000 workers in 20 countries and will be integrated into Constellis’ family of companies once the …

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Randy Wotring: DOE Extends AECOM JV’s Savannah River Site Waste Mgmt Contract

A joint venture led by AECOM (NYSE: ACM) will continue to perform solid waste management work with the Energy Department for another two years under a $797 million contract extension. Randy Wotring, president of AECOM’s management services group, said Thursday Savannah River Remediation would process “the Savannah River site’s high-level radioactive liquid …

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State Dept Clears US’ $130M Lockheed F-16 Upgrade Deal with Singapore

Lockheed Martin (NYSE: LMT) will modernize Singapore’s F-16 Block 52 aircraft fleet after the State Department approved a potential $130 million foreign military sales agreement. The proposed FMS deal covers overhaul work on 60 F-16C/D/D+ planes and associated technology such joint helmet-mounted cueing systems, friend or foe devices, global positioning and inertial …

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