Tag Archives: featured

General Dynamics Gets $171M Army Stryker Weapon System Simulator Contract

General Dynamics’ (NYSE: GD) land systems business unit has won a $170.7 million contract to produce a simulator for the Raytheon-built (NYSE: RTN) weapon system onboard Stryker vehicles. The U.S. Army awarded the cost-plus-fixed-fee contract following an Internet-based solicitation and will determine the funding with each order, the Defense Department said …

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Air Force Picks 6 for $538M Battle Mgmt, C2 Systems Integration IDIQ

Six companies have won spots on a potential seven-year, $538 million contract to engineer and integrate battle management and command-and-control systems for the U.S. Air Force. The Air Force received 10 offers for its Platform for Engineering and Integration of Tactical and Strategic Systems contract through a competitive process and has obligated …

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January 27 Market Close: Boeing, Booz Allen, Textron Declines Drag GovCon Index Below 70 to 3-Month Low

The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow …

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General Dynamics Posts 22% Profit Bump for 2015 as 4Q, Full-Year Earnings Exceed Street’s Outlook

General Dynamics (NYSE: GD) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported an increase of around 22 percent in both earnings per share and profit for its 2015 fiscal year compared to 2014 results. The Falls Church, Va.-based defense contractor stated $9.08 earnings per …

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Booz Allen 3Q Earnings Inch Past Street Forecast; Firm Narrows FY 2016 Guidance

Booz Allen Hamilton (NYSE: BAH) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of 41 cents per share for the third quarter of its 2016 fiscal year to top the consensus analyst forecast by 1 cent. The McLean, Va.-based consulting services contractor narrowed …

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Military Vet Recruiter Orion Buys Novotus; Mike Starich Comments

Orion International, a military talent acquisition services provider to corporate clients, has purchased recruitment company Novotus for an undisclosed amount. Orion CEO Mike Starich said in a statement released Tuesday he believes the transaction works to combine the companies’ capabilities. Cory Kruse will continue to lead Novotus as president and aims …

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Engility Lands $82M Engineering, Intell Contract; Tony Smeraglinolo Comments

Engility (NYSE: EGL) will continue to provide classified systems engineering, intelligence analysis and program management services to the Defense Department under a five-year, $82 million contract. The company said Tuesday the sole-source renewal contract also includes records and data management support, financial and technical analysis and geographic information systems services. Tony Smeraglinolo, …

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Denis Cashman Appointed EMC CFO; Zane Rowe Named CFO at VMware

Denis Cashman, chief accounting officer at EMC (NYSE: EMC) and chief financial officer of the firm’s information infrastructure business, has been appointed corporate CFO at the company. Cashman, a 28-year finance veteran at EMC, will succeed the departing CFO Zane Rowe on March 1 and will oversee all financial operations …

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CACI to Help US Fleet Forces Command Maintain Computer Models; Ken Asbury Comments

CACI International (NYSE: CACI) has received a four-year, $35 million task order to perform program management and technical analysis on the U.S. Fleet Forces Command’s computer infrastructure. The company will work to maintain computer models ship components and hardware under the contract, CACI said Tuesday. “We will continue to support …

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Leidos to Merge With Lockheed IT, Gov’t Services Segments in $5B Tax-Free Deal

Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenue, the companies said Tuesday. Both companies — …

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