Tag Archives: featured

November 25 Market Close: GovCon Index Shows Little Change on Light Volume Day

The GovCon Index treaded in neutral territory on a light-volume day in markets and closed at a nominal loss of 0.007 points to 79.674. U.S. markets are closed Thursday for Thanksgiving and will be open Friday until 1 p.m. Eastern time. Science Applications International Corp. (NYSE: SAIC) and BAE Systems (over-the-counter) showed gains after the …

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GDEF Completes STG Acquisition; Simon Lee to Chair Merged Company’s Board

Acquisition firm Global Defense & National Security Systems (Nasdaq: GDEF) has wrapped up its purchase of information technology services contractor STG for $165.5 million in cash and stock. The deal seeks to integrate STG’s federal government sector clients and cyber and software platforms with GDEF’s network of partners in the national security and defense sectors, STG …

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Air Force Taps 22 Firms for $983M Clinical Staff Support Contract Modification

The U.S. Air Force has awarded a $983.5 million contract modification to 22 companies to continue to provide healthcare personnel for the service branch’s military treatment facilities. The modification is part of the Clinical Acquisition for Support Services program and extends the ordering period to April 1, 2018, the Defense …

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CMS Selects Opera Solutions’ Software to Analyze HIX Operations

Opera Solutions has been awarded a three-year, $28 million contract to provide operational analytics software to the Centers for Medicare and Medicaid Services for the analysis of enrollment and payment processes on federally-run health insurance exchanges. The company said Nov. 17 it will also help the agency evaluate HIX issuer claims, revenues …

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BAE, SAIC Win $225M Marine Amphibious Vehicle EMD Contracts

The U.S. Marine Corps has selected BAE Systems and Science Applications International Corp. (NYSE: SAIC) to develop amphibious combat vehicle Increment 1 prototypes under two contracts worth up to $225 million. Marine Corps Sgt. Lena Wakayama said Tuesday the military service awarded $103.8 million to BAE’s land and systems business and $121.5 million to SAIC for the engineering, manufacturing …

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General Dynamics Lands $103M Contract Modification for Virginia-Class Subs Work

A General Dynamics (NYSE: GD) subsidiary will perform development studies and provide design and lead yard services for the U.S. Navy‘s Virginia-class submarines under a $102.9 million contract modification. The Defense Department said Tuesday Electric Boat Corp. will work to support maintenance, technology insertion, research and development and design improvements related to …

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Four Firms Win $110M Army Counter Narco-Terrorism IDIQ

The U.S. Army has awarded AOC Intel, CULMEN International, METIS Solutions and ITA International a $110 million contract to develop technology for use in the counter narco-terrorism program. The companies will share the work to deliver goods and services to support program requirements under the indefinite-delivery/indefinite-quantity contract, the Defense Department …

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November 24 Market Close: GovCon Index Up on Cubic Earnings, Dow and S&P 500 Rally Late

The GovCon Index rebounded Tuesday with a gain of 0.133 points to 79.681 on earnings from defense and transportation contractor Cubic Corp. (NYSE: CUB) that exceeded analyst estimates for both its full 2015 fiscal year and fourth quarter. Shares in San Diego-based Cubic closed up 5.51 percent to $48.10 and peaked at …

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Cubic 4Q, FY 2015 Earnings Top Street Forecasts; Record Set for Yearly Sales

Cubic Corp. — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported respective earnings of $1.05 and $1.16 per share respectively for the fourth quarter and full 2015 fiscal year ended Sept. 30. Both quarterly and full-year figures for the San Diego-based defense and transportation electronics maker exceeded the consensus Wall …

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