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Tag Archives: featured

Navy Awards 6 Small Businesses Spots on $97M Military Health Support Contract

The U.S. Navy has awarded six companies positions on a 42-month, $96.7 million contract vehicle to provide physician services to several military health facilities in the U.S. Northeast region through September 2018. The Defense Department said Friday that BTL Technologies,  Loyal Source Government Services,  MD Consulting,  Vysnova Partners,  Washington Harris Group and Wisestaff can …

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December 8 Morning Report: GovCon Index Posts Gains at Friday’s Close

The GovCon Index closed at 70.063 on Friday, an increase of 0.541 percent, or 0.386 points, from Thursday trading.   The Dow Jones grew 0.33 percent to close at 17, 958.79, the Standard & Poor’s 500 recorded a 0.02 percent gain to 2, 072.30 and the NASDAQ increased 0.11 percent to 4, 774.59. Reuters attributed the …

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December 5 Market Close: GovCon Index Gains as Jobs Report Sets 3-Year High

The GovCon Index rebounded some ground Thursday with an increase of 0.541 percent — or 0.386 points — to close at 70.063 on Friday. Stocks largely increased Friday after the release of the Labor Department‘s jobs report, which said U.S. businesses added 321, 000 new employees in November to set a new high for the past three …

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Northrop Board OKs Additional $3B Stock Buyback Plan

Northrop Grumman (NYSE: NOC) will repurchase an additional $3 billion of its common stock following approval from the board of directors. The company said Thursday that further share repurchase transactions are subject to authorization from management as well as market conditions. The Wall Street Journal reported that Northrop plans to buy back 25 percent of its shares before …

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ASRC Federal to Help Air Force Engineer Ballistic Missiles

An ASRC Federal subsidiary has won a potential $21.7 million contract to provide launch mission assurance services for the U.S. Air Force‘s ballistic missiles program. The contract has an initial $4 million value and covers missile engineering and sustainment work at Kirtland Air Force Base in New Mexico through Dec. …

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Justice Dept OKs Orbital Merger with ATK’s A&D Groups

The Justice Department has approved a proposed merger between Orbital Sciences (NYSE: ORB) and ATK‘s (NYSE: ATK) aerospace and defense businesses. Orbital and ATK expect to close the estimated $5 billion deal in February 2015, pending votes by shareholders at both companies next month and other customary closing conditions, Orbital …

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December 4 Market Close: GovCon Index Loses Ground, Investors Await Labor Report

The GovCon Index retreated Thursday by 0.223 percent — or 0.157 points — to close at 70.676, a figure that keeps the index in positive territory from the previous week. Investors reacted to the European Central Bank’s decision to not take any action on a potential stimulus until at least early next year …

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Barbara Humpton Promoted to COO at Siemens’ US Federal Org; Judy Marks Comments

Barbara Humpton, formerly senior vice president of business development for Siemens‘ U.S. federal business organization, has been promoted to the newly-created position of chief operating officer. She will lead efforts to identify new business opportunities and land new work in the federal market for Siemens Government Technologies, Siemens said Thursday. Judy Marks, …

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FTC Clears Engility-TASC Deal, Firms Eye 1Q 2015 for Closure

The Federal Trade Commission has given Engility Holdings (NYSE: EGL) the go-ahead to continue its estimated $1.1 billion all-stock acquisition of TASC. The FTC terminated the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and this move completes one of the conditions for the transaction’s closure, Engility said …

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John Fratamico: Leidos to Develop Threat Warning Systems for US Air Force

Leidos (NYSE: LDOS) has won a six-year,  $49 million contract to develop threat warning and countermeasure technologies for the U.S. Air Force. The company will also test the infrared countermeasure response and integrated warning system against missile, laser and hostile fire threats, Leidos said Thursday. John Fratamico, a Leidos group president, said the …

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