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Tag Archives: featured

Meggitt Buys EDAC Composites Business in US for $340M

Meggitt has acquired the U.S.-based composite components business of EDAC Technologies for $340 million in an effort to enter the jet engine and airframe components market, Defense News reported Tuesday. Andrew Chuter writes that British aerospace engineering company purchased the composites business from Greenbriar Equity Group and others that purchased EDAC in 2013. The acquisition …

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September 22 Market Close: GovCon Index, US Stocks Plummet on Commodity Declines

The GovCon Index fell 1.366 percent to a Tuesday close of 71.366 — the Index’s fourth-lowest figure over the past three months and second-lowest for the month of September so far. All 30 Index companies, all 30 Dow Jones Industrial stocks and all 10 S&P 500 sectors ended Tuesday in …

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Reuters: India Cabinet Clears $2.5B Boeing Apache, Chinook Buy

India will move forward with its $2.5 billion purchase of Boeing-built (NYSE: BA) Chinook and Apache helicopters, Reuters reported Tuesday. Nigam Prusty and Tommy Wilkes report the deal covers 15 Chinook heavy-lift helicopters and 22 Apache attack aircraft and contains an option to purchase seven additional Chinooks and 11 more Apaches. The government approved the …

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CACI Receives $102M SEC Litigation, Computer Forensics Contract

CACI International (NYSE: CACI) has received a five-year, $102 million contract to perform litigation support and computer forensics services for the Securities and Exchange Commission. The company will provide eDiscovery and electronic processing support for the SEC’s enforcement division under the indefinite-delivery/indefinite-quantity contract, CACI said Tuesday. Arlington, Va.-based CACI said this contract extends …

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GardaWorld Acquires Aegis Group; Stephan Cretier Comments

GardaWorld has closed its purchase of private security services provider Aegis Group for an undisclosed sum in a move to grow in the global protective services market. KippsDeSanto & Co. — financial adviser to Aegis Group on the transaction — announced the deal’s completion Tuesday and said GardaWorld seeks to increase its footprints in …

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Accenture Awarded $73M for Air Force Financial Mgmt System’s Final Development Phase

Accenture‘s (NYSE: ACN) federal services subsidiary will support the final phase of development work on the U.S. Air Force‘s Defense Enterprise Accounting and Management System as part of a 30-month, $73 million contract. DEAMS works to integrate the financial data and processes of the Air Force, the Defense Finance and Accounting Service and U.S. Transportation …

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DHS Awards 3 New CDM Contracts to Northrop, Booz Allen, HP

The Department of Homeland Security has awarded three new task order contracts worth $140 million combined to Northrop Grumman, Booz Allen Hamilton and Hewlett-Packard for the implementation of continuous diagnostics and mitigation services, FCW reported Monday. Mark Rockwell writes these awards are the third, fourth and fifth contracts under the continuous-monitoring-as-a-service blanket …

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Battelle, Riverside Research to Help US Air Force Transition Microelectronics, Embedded Systems

Battelle Memorial Institute and Riverside Research Institute each won a $48, 721, 000 contract to assist in the U.S. Air Force’s research and development work intended to protect the reliability of microelectronics and embedded systems during transition. The companies will work to develop, assess and facilitate the transfer of technologies, the …

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Raytheon Lands $180M US Air Force Air-to-Air Missile Maintenance IDIQ

Raytheon (NYSE: RTN) has received a $180 million contract to maintain the U.S. Air Force’s Advanced Medium-Range Air-to-Air Missile program. The company will perform service life prediction and logistics services under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Monday. Raytheon will perform work in Tucson, Arizona, through Sept. 30, 2020. AMRAAM …

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September 21 Market Close: GovCon Index Up, US Stocks Steady as Post-Fed Decision Week Starts

The GovCon Index kicked off the first full week of trading since the Federal Reserve‘s Thursday decision to hold interest rates with a decline of 0.098 points to 72.354 on a light-volume day in U.S. markets. Biotechnology stocks dragged U.S. stocks up until the 1 p.m. Eastern time hour then all …

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