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Tag Archives: featured

February 24 Market Close: GovCon Index Closes Flat, Traders Watch Fed Chair Remarks

The GovCon Index remained largely level for a second consecutive day as it rose 0.044 points to 71.008. Traders considered Federal Reserve Chair Janet Yellen’s testimony to the Senate Banking Committee, where she indicated the central bank would change its guidance before any interest rate increase, according to the Wall Street Journal. Investors …

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Report: Defense Dept EHR Contract Competition Down to Three Teams

The Defense Department has set a competitive range for its potential $11 billion Healthcare Management System Modernization contract to narrow down the list of competing teams on the program to three, Nextgov reported Monday. Frank Konkel writes the Pentagon established the range in a presolicitation notice issued Thursday to maintain its plan to issue a contract award by June 2015. …

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Bloomberg: State Dept to Clear UAE’s $220M Buy of General Atomics’ Predator XP

The State Department plans to approve a proposed $220 million direct sale of General Atomics-built Predator XP surveillance drones and related equipment to the United Arab Emirates, Bloomberg reported Tuesday. Anthony Capaccio writes that this will be the first sale of unmanned aircraft to a non-NATO member if the deal moves forward. The report …

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Aronson Buys Deltek’s GSA Schedule Consulting Practice; Jeff Capron Comments

Accounting and consulting company Aronson has acquired Deltek‘s Washington Management Group subsidiary as the former aims to bolster its GSA Schedule consulting practice in the U.S. Aronson said Monday the deal also works to expand its government contracting team and enable greater collaboration with the General Services Administration. “The acquisition strengthens the …

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Chris Marzilli: General Dynamics-Led Team Wins $415M to Continue Army Live Training Services

A consortium led by General Dynamics (NYSE: GD) has won a potential five-year, $415 million contract to help the U.S. Army manage the military branch’s live training systems and ranges worldwide. General Dynamics said Monday the team will also integrate technologies for soldiers’ training exercises through the Army’s Live Training …

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February 23 Market Close: GovCon Index Dips as Market Awaits Fed Chairman Testimony

The GovCon Index rallied Monday afternoon to a nominal gain of 0.043 points to close at 70.980 on a day that saw the index split 16-14 in favor of laggers against gainers. U.S. stocks declined as investors prepared to scrutinize the scheduled testimony of Federal Reserve Chair Janet Yellen to both houses of …

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Engility Shareholders OK TASC Deal, Transaction Set to Close Thursday

Shareholders at Engility Holdings (NYSE: EGL) voted Monday to approve the company’s $1.1 billion all-stock acquisition of TASC and the companies have now set the transaction’s closure date for Thursday. Engility said Monday that nearly 99 percent of the outstanding shares represented at the meeting voted to move forward with the …

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Mitch Lawrence Appointed Security, Counterintelligence VP at PAE; John Heller Comments

Mitch Lawrence, a three-decade national security veteran and a former executive at the former global security and solutions business of USIS, has joined PAE as vice president of security and counterintelligence. PAE said Monday he served as head of security and business development at the GS&S business prior to its acquisition by …

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Tom Patterson Joins Unisys as Global Security Solutions VP; Peter Altabef Comments

Tom Patterson, formerly general manager of the cybersecurity consulting business at Computer Sciences Corp. (NYSE: CSC), has joined Unisys (NYSE: UIS) as vice president for the security solutions business group. The more than 25-year industry veteran will oversee the organization’s strategic programs and efforts to build integrated security technologies for …

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Report: Lockheed to Produce 14 F-35 Fighters for Israel

Lockheed Martin (NYSE: LMT) will build an additional 14 F-35 fighter jets for Israel under a $2.82 billion foreign military sales agreement with the United States, Agence France-Presse reported Sunday. The deal also contains technological and training components and an option for additional 17 fighter jets, according to the report. An Israeli ministerial …

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