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Tag Archives: featured

Washington Headquarters Services Awards $300M Professional Support IDIQ to 8 Firms

Eight companies have won positions on a $300 million contract for work to help the Washington Headquarters Services carry out research and development programs. Contractors will bid on each task order upon issue to provide professional and executive-level mission services, technical support and study projects to WHS, the Pentagon said Thursday. Work under the indefinite-delivery/indefinite-quantity contract …

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December 12 Market Close: GovCon Index Ends Week With Steep Slide

The GovCon Index erased two days of gains to end the week as it declined 2.414 percent — or 1.600 points — to close at 67.878 Friday. All companies in the index recorded losses. A report that showed a slowdown in Chinese factory production weighed on markets around the world and oil shares continued …

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BAE’s US Arm Inks Deal for Eclipse Electronic Systems, Parent Closes SilverSky Buy

BAE Systems Inc. — the British defense contractor’s U.S. subsidiary — has agreed to acquire Eclipse Electronic Systems from Esterline Corp. for nearly $28 million cash in order to add new intelligence, surveillance and reconnaissance products to BAE’s portfolio. The transaction is scheduled to complete in the first quarter of 2015 and is pending regulatory approvals, BAE said Thursday. Dallas-based …

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John Hassoun: Vistronix Buys ACG, Objective Solutions, ExaTech to Expand IC Tech Portfolio

Vistronix has acquired information technology firms Agency Consulting Group,  Objective Solutions Inc. and ExaTech Solutions in a push to grow Vistronix’s IT product and service offerings for the intelligence sector. Maryland-based ACG develops enterprise systems in the cloud computing, analytics, infrastructure development and special mission areas, Vistronix said Thursday. The McLean Group …

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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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