Tag Archives: featured

SAIC FY 2016 & 4Q Earnings Top Street

Science Applications International Corp. (NYSE: SAI) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings for both its 2016 fiscal year and fourth quarter that came in above analyst forecasts. The McLean, Virginia-based contractor’s full-year earnings totaled $2.85 per share to exceed Wall Street …

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Army Taps Orbital ATK, Chemring for $750M Ammo, Weapon System Supply Contract

Orbital ATK (NYSE: OA) and Chemring Military Products have won positions on a potential five-year, $750 million contract to provide non-standard mortar weapons systems and ammunition for the U.S. Army. The Army Contracting Command received four proposals for the firm-fixed-price contract and will obligate funds and assign work location upon …

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Julie Holdren Joins KoolSpan as COO & VP of Products; Nigel Jones Comments

Julie Holdren has joined KoolSpan as its new chief operating officer and vice president of products. The 25-year veteran is tasked to lead the company’s operations and manage its subscription-based end-to-end mobile encrypted calling and text messaging offer called TrustCall Global Service, KoolSpan said Monday. “The proliferation of cyber attacks …

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Vectrus to Provide Security Support in Kuwait Under $329M Army Contract Modification

A Vectrus (NYSE: VEC) subsidiary has secured a potential $329 million contract modification to provide security and base operations support services to the U.S. Army. Vectrus Systems will perform work in Kuwait through Dec. 28, 2016, the Defense Department said Monday. The Army Contracting Command will obligate the full contract amount …

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Navy Picks 6 Companies for Potential $154M Curriculum Analysis & Planning Services Contract

The U.S. Navy has awarded six firms curriculum analyses and planning services task order contracts worth a projected $154 million over a six-year total ordering period. Camber Corp., Carley Corp., Sonalysts, Cape Henry Associates, General Dynamics‘ (NYSE:GD) IT subsidiary and Logistics Services International received a three-year base contract worth approximately $74.9 million …

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BAE Lands $75M Combat ID Tech Support IDIQ With US Navy, Int’l Clients

BAE Systems Inc., the British defense contractor’s U.S. subsidiary, has won a potential four-year, $75.3 million contract to perform engineering and technical work on combat identification systems for the U.S. Navy. The Defense Department said Monday the company will provide 1, 075, 200 man-hours of CIDS support to the Naval Air …

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March 28 Market Close: GovCon Index Shows Modest Rise on CAE’s 1st GCI-Listed Day, Stocks Mixed in Choppy Trade

The GovCon Index entered the final week of trade for the first quarter with a modest gain of 0.175 points to 72.953 in choppy trade for U.S. markets as stocks struggled to gain clear direction. Monday represented Montreal-based aerospace and defense contractor CAE‘s (NYSE: CAE) first day as a GovCon Index-listed stock …

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NTT Data Inks $3.05B Deal for Dell’s IT Consulting, Services Unit

A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has agreed to purchase the information technology services and consulting business of Dell for $3.05 billion as part of a push to expand further into new geographic markets such as the U.S. The companies did not disclose a timeline for …

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Booz Allen Names Karen Dahut Civil Commercial Group Chief, Susan Penfield Strategic Innovation Head

Booz Allen Hamilton (NYSE: BAH) has appointed Executive Vice President Karen Dahut as head of the McLean, Virginia-based firm’s civil commercial group and fellow EVP Susan Penfield as chief of the Strategic Innovation Group — the consulting contractor’s internal innovation-focused organization. Both Dahut and Penfield will assume their new roles on April 1, Booz …

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General Atomics Closes Purchase of Miltec From Ducommun

General Atomics has completed its $14.6 million acquisition of aerospace and defense technical business Miltec Corp. from Ducommun (NYSE: DCO). Ducommun said Monday the sale of its Miltec businesse is one part of its strategy to reduce company debt. Miltec provides weapons and military defense systems engineering, technical and program management services for …

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