Home / Tag Archives: featured (page 712)

Tag Archives: featured

Leidos Signs Deal to Repurchase $100M in Outstanding Shares

Leidos Holdings (NYSE: LDOS) has reached an agreement with a financial institution to repurchase $100 million of the company’s outstanding shares of common stock. The company will acquire those shares under an existing repurchase authorization and the financial institution is set to deliver 80 percent of the shares in the near term, Leidos …

Read More »

CSC Board Approves Plan for Separate Commercial-, US Public Sector-Focused Companies

The board of directors at Computer Sciences Corp. (NYSE: CSC) has approved a plan to divide the Falls Church, Va.-based technology and services contractor into two separate publicly-traded companies: one solely focused on the U.S. public sector, with another for commercial enterprises and non-U.S. government agencies. CSC said Tuesday it expects to complete the …

Read More »

May 19 Market Close: GovCon Index, US Stocks Dip on Strong Dollar & Housing Report

The GovCon Index retreated Tuesday with a loss of 0.089 points to 75.455 on a day that saw U.S. stocks lose traction late in the trading session. Investors reacted to April’s housing numbers that showed 1.135 million homes sold to new owners during the month and a strengthening U.S. dollar that rose …

Read More »

Jonathan Scholl to Join Leidos as Health, Engineering President

Jonathan Scholl, chief strategy officer for a nonprofit healthcare delivery system in Texas and a 15-year Boston Consulting Group veteran, will join Leidos (NYSE: LDOS) as health and engineering sector president on June 22. Leidos said Tuesday Scholl has held the CSO role at Texas Health Resources for the past five years …

Read More »

GE, Pratt & Whitney Land Aircraft Engine R&D Contract Modifications

The U.S. Air Force has awarded $210 million in contract modifications to General Electric (NYSE: GE) and Pratt & Whitney to develop adaptive aircraft engines. The companies will work to advance the development of adaptive engine systems up to the preliminary design and compatibility review phases, the Defense Department said …

Read More »

Army Awards $263M Logistics Contract to VSE-CB&I JV; Maurice Gauthier Comments

A joint venture of VSE Corp. (Nasdaq: VSEC) and CB&I Federal Services has won a $263 million contract to perform logistics support services at the U.S. Army’s Fort Benning, Georgia-based facility. VS2 LLC will maintain materials, supply tools, provide ammunition services and conduct logistics analysis and management functions for the Army, VSE …

Read More »

Rakesh Sharma: Ultra Electronics-Sparton JV Secures $87M Navy Sonobuoy Manufacturing IDIQ

Sparton (NYSE: SPA) and Ultra Electronics Holdings’ ERAPSCO joint venture has been awarded a five-year, $87 million contract to manufacture sonobuoys for the U.S. Navy. Rakesh Sharma, CEO of Ultra Electronics, said Monday the contract reflects the Navy’s “increased focus on anti-submarine warfare and ‘pivot to the Pacific.’” ERAPSCO will …

Read More »

May 18 Market Close: GovCon Index Starts Week With Gain, Housing Reports Due

The GovCon Index bound back from the previous trading day’s loesses Monday with a gain of 0.413 points to 75.561. U.S. stocks recorded gains across-the-board Monday as investors await the release of housing reports this week as they seek to determine the timing of a potential interest rate increase by the Federal Reserve, …

Read More »

Bill Bodie Returns to Parsons in Middle East, Africa EVP Role

Bill Bodie, head of business development for Fluor Corp.’s (NYSE: FLR) government group since the fall of 2013, has been appointed an executive vice president of the Middle East and Africa business at Parsons, where he worked for the five years prior to Fluor. Parsons said Monday he will oversee the …

Read More »

Justin Lanning: Xerox Seeks Health IT Business Growth Through HCI Purchase

Xerox (NYSE: XRX) has acquired healthcare information technology software-as-a-service company Healthy Communities Institute for an undisclosed amount. The companies seek to integrate HCI’s cloud-based SaaS platform and an analytics technology from Xerox’s healthcare subsidiary Midas+, Xerox said Monday. Justin Lanning, senior vice president and managing director of Midas+, said the …

Read More »