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Tag Archives: featured

February 3 Market Close: GovCon Index Rebounds 1.5% to Set Record

The GovCon Index rose for a second consecutive day to record a gain of 1.16 points — or 1.572 percent — to close at 72.661 on Tuesday and set a new all-time high. Energy shares continued a four-day streak of increases in conjunction with an increase in crude oil prices in New York and U.S. …

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TCS to Add 1 Seat on Board of Directors; Maurice Tose Comments

TeleCommunication Systems (NASDAQ: TSYS) will expand the number of seats on its board of directors from eight to nine as part of an agreement with Becker Drapkin Management. TCS will appoint two out of three nominees Becker Drapkin chooses to serve on the board within 30 days, TCS said Monday. “We …

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Tom Medara Appointed BD VP at Constellation West

Tom Medara, a 20-year Air Force intelligence veteran and employee at Constellation West, has been promoted to vice president of business development at the technology services contractor. Constellation West said Tuesday Medera’s primary responsibilities will be to manage and supervise the company’s work for U.S. Strategic Command. Medara’s post-Air Force career includes …

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Carlyle Group’s Booz Allen Ownership Stake to Become 29%

The Carlyle Group will reduce its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 29 percent after the equity and investment firm sold 12 million shares to Morgan Stanley & Co. for approximately $353 billion, or $29.42 per share. Booz Allen said Monday it expects to close and settle the …

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Michael Bisignano Named CA Technologies EVP, General Counsel; Mike Gregoire Comments

Michael Bisignano, a more than two-decade legal professional, has joined CA Technologies (NASDAQ: CA) as executive vice president and general counsel. He will report directly to CEO Mike Gregoire and provide legal guidance on corporate governance, litigation, contracts, intellectual property, mergers and acquisitions, compliance and securities, CA said Monday. “His …

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BAE Systems to Integrate Radio, Comms Systems for US Navy Missile Destroyers; DeEtte Gray Comments

BAE Systems has won a nine-year, $187.4 million contract to build and integrate radio and communications systems into U.S. Navy combatant ships. The company will perform engineering work on 12 Arleigh Burke-class guided missile destroyers and one Zumwalt-class guided missile destroyer, BAE said Monday. The contract is part of the Navy’s new construction …

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February 2 Market Close: GovCon Index, US Stocks Rise on Oil Surge and Greece News

The GovCon Index rose in tandem with the larger U.S. stock market to record a gain of 0.766 points — or 1.059 percent — and close at 71.501 on February 2015’s first trading day. U.S. crude oil ended the day at its highest price in almost a month — $49.57 per barrel — and …

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PAE Awarded $454M for NASA Marshall Center Services

PAE has been awarded a potential $453.5 million contract to help NASA run and maintain the space agency’s Marshall Space Flight Center in Alabama. The company will manage facilities, labor, tools and equipment, incidental engineering and transportation at the space research complex for NASA, the agency said Thursday. Work under …

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Alan Marc Smith: Millstein Targets Govt IT Market Expansion With DLT Buy

Financial advisory firm Millstein & Co. has acquired DLT Solutions for an undisclosed amount with the goal of helping DLT to expand its information technology offerings in the government market. DLT said Friday that Alan Marc Smith, a more than 25-year industry veteran and operating partner at Millstein, has joined …

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Huntington Ingalls Buys Undersea Drone Builder; Matt Mulherin Comments

Huntington Ingalls Industries (NYSE: HII) has acquired the underwater drone manufacturing business of Columbia Group for an undisclosed amount. The division will operate as a subsidiary known as Undersea Solutions Group within Newport News Shipbuilding’s submarine and fleet support division, Huntington Ingalls said Friday. Matt Mulherin, HII corporate vice president and Newport News Shipbuilding president, …

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