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Tag Archives: featured

January 27 Market Close: GovCon Index Sinks 1%, Durable Goods Orders Fall in December

The GovCon Index reflected a sell-off in U.S. stock markets to record a decline of 1.301 percent — or 0.918 points — to close at 75.529. Orbital Sciences (NYSE: ORB) — the index’s largest gainer for the day — saw its stock price jump 2.36 percent to 30.32 per share after it said its merger with …

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Louis Berger Appoints Nicholas Masucci Chairman, James Stamatis CEO

Nicholas Masucci, Louis Berger president and CEO, will transition into the board chairman at the company after board of directors approved a leadership succession plan. James Stamatis, current president of the firm’s international operating company, will succeed Masucci as president and CEO on July 1, Louis Berger said Monday. As president of Louis Berger’s international operating …

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David Thompson: Orbital, ATK Set Feb. 9 Date to Close A&D Merger and Outdoor Group Spinoff

Both sets of stockholders Orbital Sciences (NYSE: ORB) and ATK (NYSE: ATK) voted Tuesday to approve the transaction that will see Orbital merge with ATK’s aerospace and defense groups. The merger is scheduled to close Feb. 9 and the combined company will trade as Orbital ATK under the stock ticker symbol “OA” …

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Lockheed Reports 9% Revenue Spike in 4Q With F-35, Int’l Sales Growth

Lockheed Martin (NYSE: LMT) has announced financial results for its fourth quarter and full 2014 fiscal year ended Dec. 31, 2014. Revenue for the fourth quarter increased 8.6 percent year-over-year and the company reported a modest revenue gain of two-thirds a percent for the full fiscal year. The company attributed the increase for …

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BAE Systems, Information Systems Labs to Develop Naval Target Systems

BAE Systems Information Solutions and Information Systems Laboratories have each won contracts totaling $45 million to develop intelligence exploitation and targeting systems for the U.S. Navy. The companies will also work to field the prototypes and maintain deployed systems, the Defense Department said Monday. The agency added that the companies will have “a fair …

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DeEtte Gray: BAE to Continue Systems Integration Support for Navy

BAE Systems will provide lifecycle engineering and technical support for the U.S. Navy‘s on-shore and at-sea communication and combat systems under a five-year contract potentially worth $146.7 million. The contract includes systems integration for the Naval Air Systems Command‘s computers, communication and combat systems, and intelligence, surveillance and reconnaissance systems, BAE …

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Heather Crofford Named VP, CFO of Northrop Unit; Ken Bedingfield Comments

Heather Crofford, formerly business management director for the cyber division of Northrop Grumman‘s (NYSE: NOC) information systems business,  will serve as vice president and chief financial officer of the enterprise shared services unit beginning March 9. The company said Monday she will succeed Donald McHugh Jr., who has joined Northrop joint …

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Marc Parent: CAE Eyes Flight Training Program Expansion with Purchase of Bombardier Unit

CAE (NYSE: CAE) has agreed to buy the military aviation training business of Bombardier for approximately $15.9 million in an effort to further help defense customers train future airmen. The Bombardier unit works with the Royal Canadian Air Force and allied forces as a prime contractor in the NATO Flying …

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January 26 Market Close: GovCon Index Dips, US Stocks Flat

The GovCon Index held relatively level alongside a largely flat U.S. stock market to record a nominal loss of 0.110 points — or 0.152 percent — and close at 74.447 on Monday. Traders considered the results from Greece’s national election that saw an anti-austerity party win 149 out of a 300 possible seats in that country’s parliament …

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Bill Toti: Cubic to Continue Support for AF Research Lab Work

Cubic (NYSE: CUB) will provide the U.S. Air Force with research,  analysis, testing and evaluation support for survivability and chemical, biological, radiological and nuclear weapons counterproliferation missions under a five-year, $9.9 million contract. The company said Monday its mission support services unit will perform the work for the Human-Centered Intelligence, Surveillance and Reconnaissance Division of the Air …

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