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Tag Archives: featured

November 12 Market Close: GovCon Index Continues Week’s Upward Crawl

The GovCon Index continued its stretch this week of nominal gains to a third consecutive day as it ended Wednesday’s trading day at 68.578 — an increase of 0.279 percent over Tuesday’s figure. Reuters cited declines in energy stocks and financial shares as among the reasons behind the decreases in two out …

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Cheryl Cook: CGI-Dell Team to Offer Cloud Products for Public, Private Sectors

CGI Group (NYSE: GIB) and Dell have formed a long-term alliance to jointly develop cloud computing technologies in a push to help government and business customers leverage managed virtual desktop integration, enterprise access management and analytics functions. Cheryl Cook, vice president and general manager of channel and alliances at Dell, …

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Marc Parent: Civil, Healthcare Segments Help Drive CAE Revenue Up 10% for 2Q 2015

CAE has announced financial results for the second quarter of the company’s 2015 fiscal year ended Sept. 30, 2014. Based on U.S. currency figures, revenue for the Montreal-based aerospace and defense technology company rose 10.7 percent from the prior year quarter to $468.4 million and profit increased 12.1 percent to $38 million for …

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DLT to Help NASA Buy Autodesk, Red Hat Software Products; Brian Strosser Comments

DLT Solutions has been awarded two blanket purchase agreement contracts to provide a range of Autodesk and Red Hat software products and service offerings to NASA. DLT said Tuesday the first BPA has potential value of $8 million over four years and covers Autodesk-made platforms for building information modeling, design, …

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Joe Serra: Lockheed to Extend AF Guided Bomb Kits Production

Lockheed Martin (NYSE: LMT) has been awarded a $40.3 million follow-on contract to continue producing laser-guided munition systems for the U.S. Air Force. The company expects to start delivery of additional Paveway II Plus bomb kits to the military branch in June 2015, Lockheed said Tuesday. Joe Serra, precision guided …

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November 11 End of Day Report: GovCon Index Stays Level With Monday’s Close

The GovCon Index closed Tuesday at 68.348 — a tiny increase of 0.154 percent, or 0.105 points. Bloomberg said in its market summary that Tuesday’s trading day saw the three major stock indices record a fifth consecutive day of gains on the back of increases by homebuilder shares. The S&P 500 composite index ended Tuesday’s …

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Raanan Horowitz: Elbit Systems Engineers to Work on F-16 Display Technology

Elbit Systems of America will perform logistics work on head-up display electric module assemblies for the U.S. Air Force‘s fleet of F-16 fighter jets under a five-year, $29 million contract. Raanan Horowitz, president and CEO of Elbit Systems of America, said Tuesday that the company’s engineers will focus on work to …

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Optex Systems Buys Applied Optics Center From L-3; Merrick Okamoto Comments

Optex Systems Holdings has closed its acquisition of laser protection filter business Applied Optics Center from L-3 Communications (NYSE: LLL) for an undisclosed amount. Applied Optics Center was formerly a division of L-3’s warrior systems sector within the electronics systems business unit, Optex said Nov. 4. “We are excited this acquisition will provide new growth opportunities …

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Rami Rahim Named Juniper Networks CEO

Rami Rahim, former executive vice president and general manager of Juniper Networks‘ (NYSE: JNPR) development and innovation segment,  has been promoted to CEO. Juniper said Monday Rahim, a 17-year veteran ofthe company, will also join the board of directors. “He is a talented leader who brings deep instincts about the networking industry, …

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Todd Leavitt to Lead Northrop’s Maritime Systems Business

Todd Leavitt, former director of maritime sensors and shipboard integration at Northrop Grumman (NYSE: NOC), will now serve as vice president of the company’s maritime systems segment after four years in his previous role. Northrop said Monday Leavitt will be in charge of all U.S. and international maritime systems programs and products in the …

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