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Tag Archives: featured

September 10 Market Close: GovCon Index, US Stocks Ride Oil Bounce to Modest Gain

The GovCon Index recorded a modest gain in Thursday’s trading session at 0.204 points up to 72.278. CNBC reported crude oil rose $1.77 — or 4.01 percent — to $45.92 a barrel in New York a day after the commodity fell 3.9 percent and maintained its gains despite a report that showed weekly inventory beat the consensus …

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Tom Aikens Appointed Leidos Health Deputy Group President; Jonathan Scholl Comments

Tom Aikens, formerly executive vice president of operations at Leidos (NYSE: LDOS), has been named deputy group president for the company’s health business. Leidos said Thursday Aikens will report to Jonathan Scholl, health and engineering sector president, and oversee the health business’ financial, staffing and marketing operations. “Tom has a proven …

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Jacobs Lands $261M Aberdeen Proving Ground Test Center Support Contract

A Jacobs Engineering Group (NYSE: JEC) business unit has won a five-year $260, 906, 926 contract to assist the U.S. Army in its test activities at the Aberdeen Proving Ground Test Center. The Defense Department said Wednesday that Jacobs’ advanced technology division will perform automotive, firepower, survivability, lethality, technology and warfighter mission support work …

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Boeing Vet Jim Simpson Joins Aerojet Rocketdyne as Strategy, BD SVP

Jim Simpson, former vice president of business development and strategy for Boeing‘s (NYSE: BA) network and space systems, has been appointed as senior VP of strategy and business development at Aerojet Rocketdyne (NYSE: AJRD) in a move that takes effect Sept. 21. He will report to CEO and President Eileen Drake and oversee the company’s efforts to …

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ASRC Federal to Help Air Force Operate Military Satcom Terminals; Mark Gray Comments

The U.S. Air Force Space Command has awarded ASRC Federal a five-year, $40 million contract to  provide 24/7 support for the Defense Satellite Communications System and Milstar satellite ground stations. The company’s technical services unit will also help AFSC’s 50th Space Wing run Global Broadcast Service enterprise computing facilities at …

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Neustar to Buy TNS Caller Authentication Assets for $173M; Lisa Hook Comments

Neustar (NYSE: NSR) has signed an agreement to acquire the caller authentication assets of Siris Capital Group affiliate Transaction Network Services for $220 million in cash, minus an estimated $47 million in tax benefits. Neustar said Wednesday it expects to close the transaction in its fourth fiscal quarter and to support the company’s market position on call …

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Versar to Buy Johnson Controls’ Federal Security Systems Integration Business; Tony Otten Comments

Versar (NYSE: VSR), a project management company, has agreed to purchase a Johnson Controls subsidiary that works with federal customers to design, install and support physical and network security systems. Versar expects to wrap up the acquisition of Johnson Controls Security Systems by Sept. 30 in a transaction that includes $20 …

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September 9 Market Close: GovCon Index Dips, US Markets Decline in PM Session

The GovCon Index closed down 0.686 points to 72.072 on a day that saw continued volatility in U.S. and global markets despite a rise in equities. All three major U.S. stock indices were up 1 percent at one point in the morning session and receded into negative territory in the 1:00 p.m. Eastern …

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WSJ: Aerojet Rocketdyne Parent Offers $2B for Boeing-Lockheed Launch JV

The parent company of Aerojet Rocketdyne has offered to acquire the Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) joint venture United Launch Alliance for approximately $2 billion in cash, the Wall Street Journal reported Tuesday. Andy Pasztor and Dana Mattioli write Aerojet Rocketdyne and ULA are in “advanced talks” on the all-cash offer and could announce a transaction …

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Special Operations Command Picks 8 Firms for $450M Advisory Services IDIQ

The U.S. Special Operations Command has awarded positions on a five-year contract worth up to $450 million contract to eight companies for advisory and financial management services. Contractors will perform work out of SOCOM’s headquarters at MacDill Air Force Base in Florida and other locations through August 2020, the Defense Department said Tuesday. SOCOM received 32 …

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