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Tag Archives: featured

April 13 Market Close: GovCon Index Trades Lower, Retail Sales Figures Due

The GovCon Index entered the first full week of earnings season for many blue chip companies with a loss of 0.468 points to 63.527. Investors also will watch the Tuesday release of figures on retail sales and the producer price index, as well as news from Greece on that country’s …

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Eric Reinke Appointed Northrop Electronic Systems CTO

Eric Reinke, formerly chief scientist for Northrop Grumman‘s (NYSE: NOC) advanced concepts and technologies division, has taken the roles of vice president and chief technology officer of the company’s electronic systems sector. Northrop said Monday he will lead the development of new products for the electronic systems sector and work with customers and partners in …

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John Dorman Joins ManTech as Health IT VP, CIO; Daniel Keefe Comments

John Dorman, formerly vice president for defense health services at Acentia, has joined ManTech International Corp. (NASDAQ: MANT) as VP and chief information officer for the company’s federal health information technology business. ManTech said Monday he will be responsible for ManTech’s efforts to develop strategies and technology services for healthcare clients …

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Shane Imwalle: NAVGeo JV Seeks ‘Long-Term’ Navy Relationship Through Mapping Contract

Dayton, Ohio-based joint venture NAVGeo LLC has won a five-year, $30 million contract to perform survey and mapping work for the U.S. Navy, the Dayton Business Journal reported Friday. Joe Cogliano writes the joint venture of Magnolia River,  Photo Science and Woolpert will work to perform the on-demand services at several Navy and Marine Corps sites worldwide. …

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Australia to Order Additional Boeing C-17A Planes, Equipment

Australia intends to procure additional two Boeing-made (NYSE: BA) Globemaster III military cargo aircraft and related equipment from the U.S. government. The Australian defense department said Friday it will spend approximately $1 billion to buy the C-17As as well as to modernize an aircraft maintenance facility and other infrastructure at …

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DLA Taps Sikorsky for Potential $480M Spare Parts Contract

Sikorsky Aircraft will provide spare parts for various U.S. Air Force, Army, Marine Corps and Navy weapon systems under a potential five-year, $480 million contract from the Defense Logistics Agency. The Defense Department said Friday Sikorsky will perform work in Connecticut through June 30, 2020. The sole-source contract has an option to extend …

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DLA Orders $173M in Boeing Aircraft Control Spare Parts

Boeing (NYSE: BA) has received a four-year, $173.5 million contract to produce aircraft control surface depot level repairable spare parts for the U.S. Navy. The company will perform work in Missouri through April 30, 2019, under contract with the Defense Logistics Agency Aviation, the Defense Department said Friday.  

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April 13 Morning Report: GovCon Index Closes Week With Gain

The GovCon Index ended the week at 69.436 on Friday,  up 0.173 points from the previous day’s close. The Dow Jones Industrial Average gained 98.92 points to 18, 057.65, the Standard & Poor’s 500 composite index rose 10.88 points to 2, 102.06 and the NASDAQ composite index climbed 21.41 points to 4, 995.98. Top Percentage Gainers   …

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April 10 Market Close: GovCon Index Moves Up, GE Restructure News Drives US Gains

The GovCon Index ended the week with a gain of 0.173 points to close at 69.436. U.S. markets traded in positive territory after General Electric (NYSE: GE) said it would exit most of its lending business and announced it would repurchase up to $50 bilion of its stock, Bloomberg reported. The Dow Jones Industrial Average gained …

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Boeing Purchases OMG’s Motion Imagery Software Business; Steve Nordlund, Ryan Hartman Comment

Boeing (NYSE: BA) has bought OMG subsidiary 2d3 Sensing for an undisclosed amount to integrate 2d3’s full motion video processing technology into multiple aircraft platforms. Steve Nordlund, vice president of unmanned airborne systems at Boeing’s defense, space and security business, said Friday the transaction “supports our effort to differentiate our …

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