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Tag Archives: featured

Rockwell Collins Receives Navy Electronic Protection Radio IDIQ

Rockwell Collins‘ (NYSE: COL) government systems business has received an $11, 490, 540 contract modification from the U.S. Navy to produce electronic protection radio equipment. The company will build 1, 695 ancillary AN/ARC-210 electronic protection radio items for domestic and foreign military sales aircraft, the Defense Department said Monday. Rockwell …

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March 9 Market Close: GovCon Index, US Markets Rebound From Friday Declines

The GovCon Index recovered much of its losses from Friday with a Monday gain of 0.532 points — or 0.766 percent — to close at 68.929. Maximus‘ (NYSE: MMS) share price jumped nearly 3 percent after the company said it would purchase technology services contractor Acentia for $300 million cash. U.S. investors reconsidered …

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Maximus Inks $300M Cash Deal for Acentia in Contract Vehicle Growth Push; Richard Montoni Comments

Maximus (NYSE: MMS) has agreed to purchase technology and management services contractor Acentia for $300 million in cash and expects to close the transaction in the third quarter of Maximus’ 2015 fiscal year. Maximus said Monday it plans to fund the transaction with existing cash and an amended line of credit …

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Jeni Brooking Named BD VP for PAE’s National Security Solutions Unit

Jeni Brooking, director of capture management at PAE, will take the role of vice president for business development at the company’s national security solutions business. PAE said Monday she will oversee the potential growth and integration of the NSS line of business with the corporate market strategy. The company formed the NSS unit …

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March 6 Market Close: GovCon Index Drops 1% as US Dollar Surges, Traders Anticipate Rate Hikes

The GovCon Index mirrored losses in U.S. markets Friday as it fell 1.327 percent to close at 68.397. Intelsat (NYSE: I), Orbital ATK (NYSE: OA) and Textron (NYSE: TXT) were the only companies listed on the index to record gains. The U.S. dollar surged against the euro and the yen while a …

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William LaPlante: Air Force Could Use Cost-Plus Contract to Procure Long-Range Bomber

William LaPlante, assistant secretary for acquisition at the U.S. Air Force, said he expects the military branch to use a cost-plus pricing strategy for the service’s long-range strike bomber development program, Defense News reported Thursday. “My belief on the LRS-B is its going to be more traditional, ” LaPlante told …

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State Dept Approves $192M Rocket Sale to Jordan

The State Department has approved a proposed $192 million foreign military sale of Lockheed Martin‘s (NYSE: LMT) M31 Unitary Guided Multiple Launch Rocket Systems with related components and services to Jordan. The Defense Security Cooperation Agency said Thursday that Jordan has ordered 72 GMLRS rocket pods, spare and repair parts, associated equipment and logistics, systems integration and training …

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SAIC to Refurbish Armor, Engines for US Marine Corps Assault Vehicles; Tom Watson Comments

Science Applications International Corp. (NYSE: SAIC) has been awarded $53 million in contract options to update 10 assault amphibious vehicle prototypes of the U.S. Marine Corps. SAIC said Thursday the company will work to modernize the AAV’s armor, rebuild the engine, replace transmission system, upgrade suspension components, install new water …

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FCC’s Competition Org Recommends Telcordia for Phone Number Admin Contract

The Federal Communications Commission‘s wireline competition bureau has issued a draft order for FCC to award a phone number-porting service contract to Ericsson‘s (NASDAQ: ERIC) Telcordia subsidiary, Bloomberg reported Thursday. Todd Shields writes the bureau recommended Telcordia for work to manage a national telecommunications system designed to help consumers retain …

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March 5 Market Close: GovCon Index Rises, Euro Bank Unveils Bond Purchase Initiative

The GovCon Index recorded a slight gain of 0.034 points on Thursday to close at 69.306. Investors will pay particular attention to figures on hourly wages and unemployment, CNBC reported. The Dow Jones Industrial Average gained 38.82 points to 18, 135.72, the S&P 500 composite index rose 2.51 points to 2, …

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