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Tag Archives: featured

BAE Lands $110M Army Contract to Convert Recovery Vehicles to Hercules Variant; John Tile Comments

BAE Systems has secured a $110.4 million contract to upgrade the U.S. Army’s recovery vehicles to the Heavy Equipment Recovery Combat Utility Lift Evacuation Systems variant. The company said Monday it will convert 36 M88A1 recovery units to the M88A2 Hercules configuration and will start deliveries of the upgraded vehicles by January 2017. “The …

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July 6 Market Close: GovCon Index, US Stocks Decline Amid Greece Jitters

The GovCon Index closed at a loss in its first session post-Fourth of July weekend to record a decline of 0.117 points and end at 74.604 Monday. Uncertainty over the debt negotiations in Greece weighed on U.S. stocks Monday after two-thirds of Greek citizens voted “no” on a proposal from the …

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Teledyne Raises Ocean Aero Stake to 37%; Robert Mehrabian Comments

Teledyne Technologies (NYSE: TDY) has increased its equity stake in autonomous underwater system developer Ocean Aero to almost 37 percent for an undisclosed amount. San Diego-based Ocean Aero has designed unmanned platforms to work in surface and subsurface waters and aid in defense, scientific and energy projects, Teledyne said Thursday. …

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dTS Becomes Part of GRM Futures Group; Ed Abel, Indira Kaur Ahluwalia Comment

Development & Training Services will now operate as an affiliate of GRM Futures Group. dTS started its operations Wednesday as part of GRM Futures Group’s portfolio that includes Futures Group,  theIDLgroup, the Effective Development Group and GRM International,  Futures Group said Thursday. Ed Abel, president of U.S. business at GRM Futures Group. …

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DLA Awards SAIC, Graybar Electric Prime Vendor Bridge Contracts

The Defense Logistics Agency has awarded $41.2 million in prime vendor bridge contracts to Science Applications International Corp. (NYSE: SAIC) and Graybar Electric Company for maintenance, repair and operations services. The Defense Department said Thursday SAIC’s $19.3 million contract is for zone 1 of the U.S. Northeast region while Graybar’s $21.9 million contract is for …

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Aerojet Rocketdyne to Develop Digital Factory Environment for Propulsion Subsystems

Aerojet Rocketdyne has won a $12, 290, 494 contract with the Missile Defense Agency to develop a digital factory environment for propulsion subsystems. The agency’s goal for the project is to design, manufacturing and supply chain of propulsion components, the Defense Department said Thursday. Aerojet Rocketdyne will perform work in Rancho …

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PAE-BWXT JV Awarded $1.2B NASA Facility Support Services Contract

A joint venture of PAE and BWXT has been awarded a potential $1.2 billion contract to help NASA run and maintain the agency’s Michoud Assembly Facility in New Orleans and Stennis Space Center in Mississippi. NASA said Friday Syncom Space Services will also provide testing and manufacturing services at both facilities. S3 begins the …

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Cornell Technical Services Gets $101M Evaluation Support Contract from NASA

Cornell Technical Services has won a potential five-year, $101 million contract to evaluate proposals, analyze space missions and conduct independent reviews for offices under NASA’s Langley Research Center. The contract is set to commence on Sept. 24 and covers support for the space agency’s Science Office for Mission Assessments — …

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July 2 Market Close: GovCon Index, US Stocks Dip on Jobs Data Ahead of Weekend Greece Referendum

The GovCon Index ended the final trading day of the week with a decline of 0.081 points to close at 74.719 as U.S. stocks also closed in slight negative territory. Health Net (NYSE: HNT) surged 10.01 percent after the Los Angeles-based managed health services provider announced it agreed to be purchased …

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Centene to Buy Health Net for $6.3B in Cash, Stock; Michael Neidorff Comments

St. Louis-based health insurer Centene (NYSE: CNC) has agreed to purchase managed healthcare services contractor Health Net (NYSE: HNT) for $6.3 billion in cash and stock and will also assume $500 million in debt. Centene said Thursday the price of the deal is $78.57 per share, which represents a premium of 21 percent over the …

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