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Tag Archives: featured

February 18 Market Close: GovCon Index, US Stocks Remain Flat as Fed Minutes Go Public

The GovCon Index recorded a relatively flat trading day Wednesday with a nominal gain of 0.18 points to close at 69.798. U.S. traders mulled the release of the Federal Reserve‘s minutes showed the central bank would exercise continued patience before a potential interest rate increase, according to CNBC. Investors also considered news that …

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Army Extends General Dynamics’ Abrams Modernization Contract

A General Dynamics (NYSE: GD) subsidiary has received a $49.7 million contract modification from the U.S. Army to modernize the military branch’s M1A1 Abrams tanks. General Dynamics Land Systems said Tuesday it will upgrade the M1A1 platform to an M1A2 Systems Enhancement Package V2 configuration for the Army. M1A2 SEP …

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Hitachi Data Systems to Buy Cloud Services Provider oXya

Hitachi Data Systems has struck a deal to acquire cloud hosting services company oXya in a move aimed at growing HDS’ managed cloud offerings. HDS said Tuesday the oXya purchase is scheduled to complete by the end of March, pending customary closing terms. OXya works with enterprise customers to help them …

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Boeing to Develop Laser Beam Control System for US Navy; Peggy Morse Comments

Boeing (NYSE: BA) has won a $29.5 million contract to build a beam control system for integration into the U.S. Navy ships’ laser weapons. The company will design and develop a prototype high power beam control subsystem with a configuration compatible with high energy lasers based on solid-state laser technology, Boeing …

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Boeing Lands $648M UK Chinook Services Contract

Boeing (NYSE: BA) has secured a $648 million contract with the U.K. defense ministry to provide service support for the country’s Chinook helicopter fleet as part of MoD’s defense investments in the south coast. MoD said Tuesday the five-year contract includes maintenance services at a site in Gosport and technical support at the U.K. …

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Steve Hogan, John Parker Take New Leadership Roles at Northrop

Northrop Grumman (NYSE: NOC) has named John Parker vice president and general manager of the integrated logistics and modernization division and successor to Steve Hogan, who has taken the new role of global sustainment VP. The company said Tuesday the appointments are effective March 7. Hogan, who will be Northrop’s first VP for global sustainment, …

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BMC to Purchase Mainframe Data Services Provider CDB; Bill Miller Comments

BMC Software (NASDAQ: BMC) has signed a deal to purchase CDB Software, a provider of mainframe data management service. Bill Miller, president of BMC’s ZSolutions and select technologies business, said Jan. 27 the company aims to bring CDB’s services to BMC clients through the acquisition. CDB developed services for managing IBM …

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February 17 Market Close: GovCon Index Stays Level, Greece Talks Continue

The GovCon Index recorded a nominal gain of 0.114 points to 69.617 and mirrored a Tuesday trading day that saw U.S. stocks flunctuate across the board. Negotiations between Greece’s government and the country’s creditors ended Monday without much progress and Greece could run out of cash by March if no deal is reached …

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Jerry Powlen: Raytheon to Build P-8A Open Architecture for Navy

A Raytheon-led (NYSE: RTN) consortium has been awarded a $15.5 million contract to help the U.S. Navy design and develop an application-based architecture for the military service’s P-8A maritime surveillance aircraft. The company said Tuesday it will build the ABA to help the branch implement third-party Poseidon mission software apps and …

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Boeing to Upgrade Japan’s Airborne Warning and Control System Aircraft

Boeing (NYSE: BA) has received a $402.8 million contract modification from the U.S. Air Force to refresh Japan’s airborne warning and control system through a foreign military sales agreement. The company will upgrade four E-767 aircraft and three ground support services under the modification to the previously awarded mission computing upgrade program, …

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