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Tag Archives: featured

January 7 Market Close: GovCon Index Reverses Downward Trend

The GovConIndex reversed it’s downward trend closing Wednesday at 70.036, up 0.973 points, or 1.371 percent. The other indexes closed strong also with the Dow Jones industrial average at 17, 584.52, up 1.23 percent, The Nasdaq composite index 4, 650.47 up 1.26 percent, and the Standard & Poor’s 500 at 2, 025.90, an …

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ATK Unveils Share Distribution Plan for Vista Outdoor Spinoff

ATK‘s (NYSE: ATK) board of directors has decided to give stockholders two shares of common stock in the future ATK sporting group spinoff company Vista Outdoor for every share of ATK common stock. ATK said Tuesday that stockholders will either receive a book-entry account statement on their Vista Outdoor common stocks or have their Vista Outdoor …

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Lockheed Awarded $78M to Upgrade Army Tactical Missile System

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $78 million contract to modernize the branch’s long-range, precision-guided missiles. Lockheed said Wednesday it will use hardware from the Army Tactical Missile System Block 1 to build a new weapon system that would hit targets but pose no unexploded ordnance …

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Karen Britton Joins e-Management as SVP, COO; Bambo Bamgbose Comments

Karen Britton, formerly chief information officer at the White House, has joined e-Management as senior vice president and chief operating officer. She will be responsible for the company’s initiative to expand its business into the Defense Department, federal civilian agencies and intelligence agencies, and develop commercial corporate relationships, e-Management said Tuesday. …

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IBM, Cray to Help NOAA Expand Supercomputing System; Anne Altman Comments

IBM has been selected to upgrade the National Oceanic and Atmospheric Administration’s supercomputing system for forecasting. Cray has also partnered with IBM for the work to expand the capacity of NOAA’s two operational supercomputers to 2.5 petaflops by October 2015, the agency said Monday. “These capabilities enable NOAA experts and researchers to make forecasts …

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Haywood Talcove: LexisNexis to Purchase BAIR Analytics for Public Safety Tech Push

LexisNexis Risk Solutions has agreed to buy BAIR Analytics in a move to help law enforcement organizations accelerate the criminal investigation process with technology. BAIR Analytics builds data analysis, mapping and visualization tools for public safety agencies to examine and predict crime patterns, LexisNexis said Tuesday. Haywood Talcove, CEO of …

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January 6 Market Close: GovCon Index Fall Continues as Factory Report Shows November Downturn

The GovCon Index lost ground Tuesday for a third consecutive trading day as it fell 0.557 points — or 0.814 percent — to close at 69.062. Northrop Grumman (NYSE: NOC), Computer Sciences Corp. (NYSE: CSC) and General Dynamics (NYSE: GD) were the only companies on the index to record gains. Losses in the energy …

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Krisstie Kondrotis Appointed BD SVP at Spirit AeroSystems

Krisstie Kondrotis, formerly vice president of business development at Northrop Grumman‘s (NYSE: NOC) information systems business, has joined aerostructures maker Spirit AeroSystems as senior VP for business development. The Wichita, Kan.-based company said Monday Kondrotis will be in charge of the company’s global marketing and partnership efforts in the commercial and defense markets. Kondrotis has …

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Kevin Mitchell Named Aerospace Global Supply Chain VP at Northrop

Kevin Mitchell, a 12-year veteran of Northrop Grumman (NYSE: NOC) and formerly site manager for the company’s El Segundo, Calif. site, has been appointed VP of global supply chain for Northrop’s aerospace systems sector. Northrop said Tuesday Mitchell will oversee work to develop and maintain the sector’s supply base for …

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Belden Completes Tripwire Acquisition; John Stroup Comments

Belden Inc. (NYSE: BDC) has wrapped up the acquisition of security and compliance services provider Tripwire for $710 million. John Stroup, president and CEO of Belden, said Monday the signal transmission services firm will integrate Tripwire’s technology into Belden’s application to help enterprise, industrial and broadcast clients deploy and secure connected …

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