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Tag Archives: featured

October 9 End of Day Report: GovConIndex Mirrors S&P 500’s 2% Drop

The GovConIndex declined by approximately 1.76 percent Thursday to 63.569, representing a downturn of nearly 1.1 percent. This decrease mirrored that of the S&P 500 composite index, which declined by about 2 percent to 1, 930.5 and saw all 10 of its main groups decrease by at least 0.8 percent. Investors responded to worries …

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Exelon-Pepco Merger Gets Green Light From Virginia State Corporation Commission

Exelon Corp. and Pepco Holdings have received approval from the Virginia State Corporation Commission to move forward on the the companies’ proposed $7 billion merger agreement they announced in April. Pepco Holdings owns transmission infrastructure in Virginia and previously offered power to distribution customers in Virginia through the Delmarva Power and Pepco utilities, …

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Kelly Clark Joins MAXIMUS as CIO; Bruce Caswell Comments

Kelly Clark, formerly senior vice president of data operations at Optum, has joined MAXIMUS (NYSE: MMS) as chief information officer. Clark will be responsible for MAXIMUS’ global technology strategy and work to technology efforts with the objectives of the firm’s business units worldwide,  MAXIMUS said Thursday. “He will play an important role in leveraging core technologies and …

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Diane Wilfong Named CSC VP, Controller, Lead Accountant; Paul Saleh Comments

Diane Wilfong — former senior vice president, controller and chief accounting officer at Caesars Entertainment — has joined Computer Sciences Corp. (NYSE: CSC) to serve as VP, controller and principal accounting officer. CSC said Wednesday Wilfong will succeed Michael Sweeney as controller and report directly to Paul Saleh, executive VP and chief financial officer. “[Wilfong’s] deep financial expertise – coupled with …

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KGS to Help FEMA Train Region II Grantees; Pat Moneymaker Comments

KGS has won a contract from the Federal Emergency Management Agency to train grantees within Region II on financial, operational and compliance management. The company will provide classroom and virtual training services for participants under FEMA’s preparedness, disaster and non-disaster grants in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands, KGS said Monday. …

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Andrew Dunlop: Veris Group to Support Army’s Medical Tech Risk Management Initiatives

Veris Group has won a five-year contract to help the U.S. Army Medical Research and Materiel Command to ensure that military health technologies comply with data security requirements. The company will also support the Department of Defense Information Assurance Certification and Accreditation Process initiative through the contract, Veris Group said …

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October 8 End of Day Report: GovConIndex Up 1% as Fed Minutes Go Public

The GovConIndex sits at 64.349 — an increase of 0.923, or 1.4 percent as of 3:30 p.m. Eastern time Wednesday. This slight increase came on the same day that the Federal Open Market Committee released its minutes and the Dow Jones Industrial Average went up approximately 250 points. Federal Reserve staff have …

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State Dept OKs US’ $500M Lockheed P-3B Aircraft Overhaul Agreement With Greece

Greece has agreed to purchase $500 million in overhaul and upgrade services from the U.S. government under a foreign military sales agreement, which Lockheed Martin Aeronautics Co. is the prime contractor for. The deal covers work to modify two Lockheed P-3B aircraft and upgrade five P-3B aircraft, the Defense Security Cooperation Agency said Tuesday. Greece’s …

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Tim Glaeser: Raytheon Expects US, Qatar to Close Patriot System Deal By 2014’s End

Tim Glaeser, a vice president at Raytheon (NYSE: RTN), expects the governments of U.S. and Qatar to reach an agreement by the end of the year for Qatar to purchase a Patriot missile defense system from the U.S. through a foreign military sales agreement, Reuters reported Tuesday. Glaeser, vice president of Raytheon’s integrated defense …

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Tony Smeraglinolo: Engility to Help Marine Corps Build ISR Enterprise System

Engility Holdings (NYSE: EGL) has won a $9.2 million contract to help the U.S. Marine Corps develop a system for managing intelligence, surveillance and reconnaissance data across the USMC enterprise. The company said Wednesday it will work with the branch’s director of intelligence to build and sustain the ISR enterprise …

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