Tag Archives: featured

SAIC Founder Robert Beyster Dies at Age 90

Dr. Robert Beyster, the iconic founder of Science Applications International Corp. (NYSE: SAI) and a legend in the GovCon sector, died Monday morning of natural causes at age 90, the family said on Beyster’s personal blog Monday. Beyster founded SAIC in 1969 as an employee-owned company and it has since grown to a …

Read More »

Boeing’s Insitu Subsidiary to Provide Navy With Blackjack Drones

Boeing (NYSE: BA) subsidiary Insitu will supply the U.S. Navy with three RQ-21A Blackjack drones, ground control stations, and associated equipment and services under a $41.1 million low-rate initial production contract. The Defense Department said Thursday the contract also includes initial spares, launch and recovery equipment, and program management and system engineering services. Insitu will perform …

Read More »

Raytheon Awarded $491M for Lot 28 Air-to-Air Missiles

Raytheon (NYSE: RTN) has received a $491, 478, 068 contract from the U.S. Air Force to produce lot 28 Advanced Medium Range Air-to-Air Missiles and associated equipment. The Defense Department said Monday the contract includes orders from South Korea, Thailand, Oman and Singapore through the agency’s foreign military sales program. …

Read More »

Northrop Taps Brian Kim, Jack Dorsett for Chief Executive Roles in East Asia

Northrop Grumman (NYSE: NOC) has appointed former Boeing (NYSE: BA) executive Brian Kim as chief executive for South Korea and former Northrop information systems executive Jack Dorsett as CEO for Japan. Northrop said Monday Kim will oversee the company’s programs, growth strategies and business relationship with South Korea beginning Feb. 2. He worked for five …

Read More »

Omar Abbosh Named Accenture’s Chief Strategy Officer; Pierre Nanterme Comments

Omar Abbosh, senior managing director of growth and strategy for the resources operating group of Accenture (NYSE: ACN), has been appointed to serve as the company’s chief strategy officer starting March 1. He will succeed retiring Shawn Collinson and lead Accenture’s growth and strategy organization, the company said Monday. Abbosh will …

Read More »

December 22 Market Close: GovCon Index Hits 30 for 30 in 1% Climb

The GovCon Index started the week of Christmas with a gain of 0.903 points — or 1.250 percent — to close at 71.280 on Monday. All 30 companies on the GovCon Index recorded gains in a day that saw the index extend its streak of gains to a fourth consecutive trading day. An increase in …

Read More »

State Dept OKs $3B Abrams Tank, Humvee Sale to Iraq

The State Department has approved two foreign military sales agreements worth around $3 billion combined with Iraq for General Dynamics-built (NYSE: GD) Abrams tanks,  up-armored Humvees and related equipment and accessories. A Defense Security Cooperation Agency notice released Friday says Iraq asked to buy $2.4 billion in M1A1 Abrams tanks from the …

Read More »

GSA Issues Phase 1 RFP for Development of FBI’s New HQ

The General Services Administration is seeking proposals from real estate developers on the construction of a new and consolidated FBI headquarters to replace the J. Edgar Hoover Building in Washington. GSA said Friday that FBI is considering locations in Greenbelt and Landover in Maryland and in Springfield, Virginia. “The J. Edgar Hoover building does …

Read More »

General Dynamics NASSCO Lands $498M Contract Modification for Navy Floating Base Construction

The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) NASSCO subsidiary a $498, 116, 529 contract modification to design and build a fourth mobile landing platform-afloat forward staging base for naval vessels. The Defense Department said Friday it expects NASSCO to complete work under the fixed-price incentive contract in March …

Read More »

December 22 Morning Report: GovCon Index Ends Friday Trading Week With Gain

The GovCon Index closed at 70.378 on Friday,  a 0.1654point increase, or 0.232 percent. The Dow Jones industrial average rose 26.65 points (0.15%) to 17, 804.80, the Standard & Poors 500 index gained 9.42 points (0.46%) to 2, 070.65 and the NASDAQ composite index increased 16.98 points (0.36%) to 4, 765.38. Top Percentage Gainers Company Stock Price $ Change …

Read More »