Tag Archives: featured

CACI Closes $550M L-3 NSS Govt Services Business Buy; Ken Asbury, Michael Strianese Comment

CACI International (NYSE: CACI) has completed its $550 million cash acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) as part of a growth strategy to target enterprise information technology and intelligence markets. CACI said Monday it expects NSS, a mission services provider for the government sector, …

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NASA Taps Mori Associates for $300M Johnson Center IT, Comm Services Contract

Mori Associates has received a potential five-year, $300 million contract from NASA to provide information technology, multimedia and communication services to the Johnson Space Center in Texas. NASA said Tuesday work on the cost-plus-award-fee contract will begin April 1 and covers support to JSC’s information resources directorate and external relations office. The center serves as the …

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February 1 Market Close: GovCon Index Halves AM Losses, Stays Red as US Stocks End Day Mixed

The GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive. Gains in technology shares such as Facebook and Google‘s parent …

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Ball Aerospace Buys Software Development Firm Wavefront for Cyber, Diversification Push; Rob Strain Comments

Ball Aerospace and Technologies has bought engineering and analytical services provider Wavefront Technologies for an undisclosed sum as part of its portfolio diversification efforts. Rob Strain, president of Ball Aerospace, said Friday the company also expects the acquisition to help broaden its presence in the Washington metropolitan area. Maryland-based Wavefront …

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Boeing Awarded Contract for Risk Reduction Support on Future Air Force One

Boeing (NYSE: BA) has received a contract of an undisclosed value to help identify risk reduction strategies for the U.S. Air Force‘s Presidential Aircraft Recapitalization program. The Air Force said Friday it will issue post-award modifications to procure Boeing’s 747-8 commercial aircraft to serve as a basis for the company …

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SOS International Purchases IC Contractor New World Solutions; Julian Setian Comments

SOS International has purchased defense and intelligence community contractor New World Solutions in an effort to expand its footprint within IC and boost its technology platforms that work to support intelligence, surveillance, reconnaissance and cybersecurity missions. SOSi said Friday it will operate New World Solutions as a subsidiary and within its intelligence …

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Raytheon Lands $213M Army Patriot Engineering Contract Modification

Raytheon (NYSE: RTN) has received a $212.7 million contract modification to provide engineering services for the U.S. Army’s Patriot program. The company will also provide Patriot support to foreign military sales clients such as Germany, Greece, Israel, Japan, Kuwait, Qatar, Saudi Arabia, Spain, South Korea, Taiwan, the Netherlands and the United …

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February 1 Morning Report: GovCon Index Recovers From Correction

The GovCon Index closed Friday with a 2.643-percent gain to 71.807 to surge out of correction territory. The gain comes amid a recovery in technology stocks and investor optimism on a slowdown of future interest rate increases by the Federal Reserve.   Top GovCon Index Gainers Symbol Company $ Current Price …

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January 29 Market Close: GovCon Index Surges Out of Correction to End Volatile January

The GovCon Index surged out of correction territory Friday with a gain of 2.643 percent to 71.807 which mirrored investor optimism that the Federal Reserve may slow down future interest rate hikes and a bounce-back from technology stocks. The Index ends the week at a 2.81-percent loss and the first …

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Weekly Roundup Jan. 25 – Jan. 29 2016: Leidos The New ‘Big One’ After Lockheed IT Biz Merger & more

Jan. 25 – Jan. 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Needless to say, we have a lot to address here after a heavy news week that featured news of government contracting’s largest merger this decade, plus a batch of 2015 earnings reports from …

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