Tag Archives: featured

Battle Resource Management Buys IT Firm Clearsoft; Mike Battle Comments

Battle Resource Management Inc. has purchased information technology provider Clearsoft for an undisclosed amount as part of an effort to help federal and commercial clients migrate to cloud platforms. BRMi will combine Clearsoft’s agile software development systems into its models for business process redesign, BRMi said Wednesday. Mike Battle, founder …

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General Dynamics’ Gulfstream Gets $112M Aircraft Logistics Support Contract Extension

A General Dynamics (NYSE: GD) subsidiary will continue to provide logistics support for the C-20 and C-37 fleet of the U.S. Air Force, Army,  Coast Guard, Marine Corps and Navy under a $111.6 million contract modification. The Defense Department said Thursday the modification is for a 12-month extension on a previously awarded contract …

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January 28 Market Close: GovCon Index Holds Below 70, Posts Nominal Gain

The GovCon Index showed a nominal gain of 0.076 points to 69.839 Thursday as investors with interest in the defense and government contracting industries digested a new round of earnings statements from more of the sector’s largest companies. Thursday’s close represents the Index’s second straight day that ended below 70 …

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DCMA Head Wendy Masiello: Agency Seeks Increased Small Business GovCon Participation

The Defense Contract Management Agency is working on ways to help small businesses increase their participation in the government contracting market and gain an education on the sector prior to their entry, DCMA’s director told the Potomac Officers Club Thursday. Air Force Lt. Gen. Wendy Masiello told a GovCon and …

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Executive Mosaic Unveils 2016 Wash100 Inductees: GovCon’s Most Influential Voices

The year 2015 for government contractors was one that featured major landscape shifts in its composition unlike any other since the post-Cold War drawdown in the 1990s that resulted in consolidation among the defense market’s largest companies. GovCon’s services arena took its turn to drive the consolidation narrative in 2016 …

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Northrop Posts 3% Profit Decline for 2015 on Lower Sales, Stock Buybacks Lift Year’s Earnings Past Street’s Outlook

Northrop Grumman (NYSE: NOC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a 3.86-percent decline in profit for its 2015 fiscal year compared to 2014 on lower sales in space and restricted programs and a modest increase in pension costs. Net earnings for 2015 …

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Raytheon Forecasts Higher Sales, Earnings in 2016 as 2015 & 4Q Profit Beat Street Estimate

Raytheon (NYSE: RTN) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $7.12 per share for its full 2015 fiscal year and $1.93 for the fourth quarter to exceed Wall Street’s expectations on both counts. The Waltham, Mass.-based defense technology contractor also posted …

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L-3 Reports Net Loss for 4Q, FY 2015 on Services Segment Writedown & Sale

L-3 Communications (NYSE: LLL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss for the second consecutive quarter on a writedown in its government services segment the company is in the process of divesting. The New York City-based defense electronics manufacturer agreed …

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Navy Awards 8 Spots on $809M NAVSUP Business Systems Center Support IDIQ

The U.S. Navy has awarded positions on a potential four-year, $809 million contract to eight companies to provide process management and data support services for the Naval Supply Systems Command Business Systems Center. The service branch awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive procurement with 15 proposals received, the Defense Department …

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Rolls-Royce Receives $154M Air Force C-130J Spare Engines, Sustainment Contracts

Rolls-Royce has received $154 million in contracts from the U.S. Air Force to produce spare engines and sustain the propulsion system of the Lockheed Martin-built (NYSE: LMT) C-130J aircraft. Rolls-Royce will complete the production of AE 2100 engines for the Air Force and Saudi Arabia under a $77.9 million foreign military sales …

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