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Tag Archives: featured

Belden Moves To Buy Tripwire Cyber Tech for $710M; John Stroup Comments

Belden has sought to expand its threat response and cybersecurity portfolio with its planned acquisition of vulnerability management firm Tripwire for $710 million in cash. John Stroup, Belden president and CEO, said Tuesday the purchase is an “important and natural” move for a company that provides signal transmission products for network applications. Belden …

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FMR Cuts CSC Share to 4.86%

FMR LLC has slashed its share in Computer Sciences Corp. (NYSE: CSC) to 4.86 percent, Washington Business Journal reported Thursday. Jill Aitoro writes the Fidelity parent company trimmed its stake to 6.82 million shares,  down from 15.95 million shares in September. FMR increased its investment in CSC to nearly 13 percent in mid-2014, according to the report.

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December 11 Market Close: GovCon Index Rebounds, Retail Sales Report Drives Stocks Up

The GovCon Index regained some ground Thursday with an increase of  0.379 percent — or 0.264 points — to close at 69.478. Stocks recovered some losses from the week after the release of data on an increase in consumer spending during the month of November and a report that indicates fewer Americans …

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Stephen Spengler to Become Intelsat CEO in April 2015

Stephen Spengler, formerly president and chief commercial officer at satellite services contractor Intelsat (NYSE: I), has been promoted to deputy CEO and will transition into the chief executive role on April 1, 2015. Intelsat said Thursday the move is part of a succession plan that will see current Chairman and CEO David McGlade move into the executive chairman role at …

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John Fratamico: Leidos to Help Army R&D Aviation, Missile Platforms

Leidos (NYSE: LDOS) has been awarded a $37 million contract with the U.S. Army to provide engineering and technical program services for aviation and missile research efforts. The indefinite-delivery/indefinite-quantity contract contains a one-year base period of performance and Leidos will perform work within and outside the U.S., Leidos said Thursday. John Fratamico,  Leidos group president, …

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BAE to Support USS Bataan Dry-Docking Planned Maintenance Availability

BAE Systems‘ Norfolk Ship Repair segment will perform dry-docking planned maintenance availability services through November 2015 on the U.S. Navy‘s USS Bataan (LHD-5) ship under a $115 million contract modification. The Defense Department said Wednesday BAE will carry out depot-level maintenance, modifications and capability updates as part of USS Bataan’s fiscal 2015 DPMA. The Navy …

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Periscope Buys eSourcing Service Provider BidSync; Brian Utley Comments

Periscope Holdings has purchased BidSync, provider of cloud-based procurement and bid notification services for the public sector, for an undisclosed amount. Brian Utley,  president and CEO of Periscope Holdings, will lead the combined company and the transaction was completed on Monday,  Periscope said Wednesday. Utley said Periscope Holdings intends for the merger to continue delivering …

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December 10 Market Close: GovCon Index Tumbles, SAIC Jumps for 2nd Straight Day

The GovCon Index tumbled 2.055 percent — or 1.394 points — to close at 69.214 on a Wednesday that saw only two out of 30 companies on the index show gains: Science Applications International Corp. (NYSE: SAI) and Serco Inc. SAIC’s stock price increased for a second consecutive day after the company said its third-quarter revenue increased 2 …

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Tony Smeraglinolo: Engility to Continue ADS-B Technical Support at DOT’s Volpe Center

Engility Holdings (NYSE: EGL) has received a three-year, $66 million contract to continue helping the John A. Volpe National Transportation Systems Center develop and evaluate a satellite-based air traffic control system. The company will provide management, analysis and technical services for the Automatic Dependent Surveillance-Broadcast project, Engility said Wednesday. Tony …

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Harris to Build Satellite Weather Observation Receiver for NOAA; Romy Olaisen Comments

Harris Corp. (NYSE: HRS) will build a satellite weather observation receiver for the National Oceanic and Atmospheric Administration under a three-year, $20 million contract. The WxConnect products will be deployed across eight national weather service locations to process satellite weather observations from the Geostationary Operational Environmental Satellite R-Series rebroadcast and Japanese HimawariCast services, Harris said Wednesday. “These Harris …

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