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Tag Archives: featured

David Thompson: Orbital ATK Board OKs $75M Share Buyback Plan

The board of directors of Orbital ATK (NYSE: OA) has authorized the repurchase of as much as $75 million of its common stock from shareholders through the end of the year. “I am very pleased that our board has adopted management’s recommendations for a balanced and sustainable plan to return capital to …

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March 12 Market Close: GovCon Index Climbs Back, Dollar Weakens

The GovCon Index re-entered positive territory Thursday with a gain of 1.129 percent to close at 68.484. A report that showed a decrease in retail sales in February and a decline in the dollar versus Euro drove investor speculation that the Federal Reserve could adjust its stance on when it could next …

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Gregory Hayes: UTC to Mull Sikorsky Aircraft Spinoff

United Technologies Corp. (NYSE: UTX) is eyeing a potential spinoff of UTC subsidiary Sikorsky Aircraft as part of a strategic review into the helicopter manufacturing business. “As part of the portfolio review announced last December, we are exploring strategic options for Sikorsky to determine the best way to enhance its …

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Mark Escobar: SAIC to Perform Logistics Services Support for DLA

Science Applications International Corp. (NYSE: SAIC) has been awarded a five-year, $165 million contract to perform logistics support for the Defense Department’s maintenance and repair works at  federal installations. SAIC will provide sourcing, procurement and delivery of maintenance, repair and operations supplies and services to DoD and federal entities under the indefinite-delivery/indefinite-quantity …

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Army Awards 4 Spots on $249M Enterprise Info Technical Services Contract

The U.S. Army has awarded Connected Logistics,  Strategy and Management Services, Octo Consulting Group and Mission 1st Group positions on a $249 million contract to provide enterprise information technical services through March 11, 2018. A Defense Department announcement released Wednesday says the order-dependent contract is part of program manager installation information infrastructure communications …

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SupplyCore to Provide Defense Logistics Agency with MRO Tools

The Defense Logistics Agency has awarded SupplyCore a five-year, $90 million contract to deliver maintenance, repair and operations items to U.S. military and civilian government agencies. SupplyCore will provide MRO supplies for DLA’s North central region through March 10, 2020 under the firm-fixed-price contract, the Defense Department said Wednesday. DLA …

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March 11 Market Close: GovCon Index Stays in Neutral, Interest Rate Speculation Continues

The GovCon Index inched upward Wednesday with a gain of 0.031 points to 67.702. U.S. markets barely budged Wednesday as investors continued to speculate over when the Federal Reserve would raise interest rates and also watched the dollar further strengthen, according to CNBC. The Dow Jones Industrial Average lost 27.55 points …

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DARPA Selects Lockheed, Sikorsky, Aurora Flight Sciences for Multi-Aircraft Autopilot R&D Project

Aurora Flight Sciences, Lockheed Martin (NYSE: LMT) and Sikorsky have been awarded contracts to design, build and demonstrate an aircraft automation technology for the Defense Advanced Research Projects Agency. DARPA said Tuesday the companies will work to develop an Aircrew Labor In-Cockpit Automation System that can be tailored to support …

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Field Aviation Buys Rockwell Collins’ ARINC Aerospace Subsidiary; John Mactaggart, Dan Magarian Comment

Field Aviation has made a move to grow the company’s aircraft service market presence through its acquisition of the ARINC Aerospace Systems Engineering and Support subsidiary from Rockwell Collins (NYSE: COL). ARINC Aerospace works to modify, integrate and sustain large planes for military, commercial and private clients, Field Aviation said Tuesday. “The acquisition of …

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Tom Watson: SAIC Extends Assistance for Navy Marine Mammal Training Program

Science Applications International Corp. (NYSE: SAIC) has been awarded a potential five-year, $59 million task order to provide animal training and care services for the U.S. Navy‘s Marine Mammal Systems program. SAIC said Tuesday the MMS program uses dolphins and sea lions to find and mark underwater objects. “We, along …

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