Tag Archives: featured

December 7 Market Close: GovCon Index Plummets as Oil Price Declines Sink US Markets

The GovCon Index followed across-the-board declines in U.S. markets Friday with a loss of 0.307 points to 78.031 and only five out of 30 contractors that ended the day with gains. U.S. stocks tumbled as crude oil in New York settled down 5.8 percent to a new six-and-a-half-year low of $37.65 a barrel, …

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Dan Helfrich Named Deloitte US Federal Head; Janet Foutty Appointed Consulting CEO

Dan Helfrich, former head of the federal civilian sector at Deloitte, has been appointed leader of the global consulting and advisory services firm’s U.S. federal practice. Deloitte said Monday Helfrich will succeed Janet Foutty, who has been named CEO and chairman of Deloitte Consulting LLP, and be responsible for the federal practice’s consulting, risk advisory and financial advisory …

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PAE-Parsons JV Re-Awarded Potential $488M Joint Military Base Support Contract

A joint venture of PAE and Parsons has been awarded a potential eight-year, $488.3 million contract to help operate a Guam-based military installation run by the U.S. Navy and the U.S. Air Force. The Defense Department said Friday that DZSP 21 will support management of ports, ordnance, electrical systems, waste water, equipment,  vehicles and surrounding environment at …

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Navy Taps 4 Firms for $206M Non-Skid Deck Installation, Removal Support IDIQ

The U.S. Navy has awarded positions on a potential one-year, $206 million contract to four companies to provide non-skid deck removal and installation support services for the Mid-Atlantic Regional Maintenance Center in Virginia. The service branch awarded the fixed-price, indefinite-delivery/indefinite-quantity contract through competitive procurement with four bids received via the …

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Huntington Ingalls Awarded $200M for Navy Ship Materials Procurement, Engineering Services

The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) a potential $200 million contract to buy long-lead time materials for the construction of a 12th San Antonio-class amphibious transport dock. The cost-plus-fixed-fee contract will run through April 2022 and also covers design and engineering work on the amphibious warship, the Defense Department …

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Lockheed Martin Wins $46M Navy Automated Personnel Records Mgmt IDIQ

Lockheed Martin (NYSE: LMT) has won a four-year, $46.1 million information technology contract to store and manage the personnel records of U.S. Navy active duty and reserve forces. Order period under the indefinite-delivery/indefinite-quantity contract begins in January 2016, the Defense Department said Friday. Lockheed will perform work in Millington, Tennessee, through December …

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December 7 Morning Report: GovCon Index Recovers Friday After DOL’s Jobs Report

The GovCon Index posted a gain of 1.645 percent to 78.284 Friday following the latest Labor Department jobs report to recover some losses incurred from Thursday’s plunge. The Index closed the week at a decline of 0.141 percent and achieved a climb of 3.085 percent over the previous month. Top GovCon Index Gainers Symbol Company $ Current …

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December 4 Market Close: GovCon Index, US Stocks Soar on Jobs Numbers

The GovCon Index posted a full rally from the prior day’s losses with a gain of 1.645 percent to 78.284 Friday on a similar surge in U.S. markets after the latest jobs report from the Labor Department. Friday’s climb recovered some damage incurred from Thursday’s plunge to bring the Index to a decline of 0.11 points — or …

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Weekly Roundup Nov 30 – Dec 4 2015: Lockheed Presses Pause on IT Biz Separation & More

Weekly Roundup Nov 30 – Dec 4 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The world’s largest aerospace and defense contractor’s message to investors and other GovCon industry observers this week on the future of its government services business can …

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Lockheed Gets $302M Contract Modification for JASSM Support to Poland, Finland

Lockheed Martin (NYSE: LMT) will produce, update, sustain, manage and integrate the Joint Air-to-Surface Standoff Missile for Poland and Finland under a $302.2 million contract modification from the U.S. Air Force. The Defense Department said Thursday Lockheed will perform work in Alabama in support of the foreign military sale deal. The contract …

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