Tag Archives: featured

December 29 Market Close: GovCon Index Retreats Slightly

After reaching new highs last week, the GovCon Index slid back a bit to close Monday at 71.670, down 0.123 points,  or 0.172 percent. The stock markets closed mixed with the Nasdaq composite index unchanged at 4, 806.91, the Standard & Poor’s 500 up 0.1 percent to 2, 090.57 and the …

Read More »

Gene Ray, Jay Cohen to Serve in Interim Exec Roles at Decision Sciences

Decision Sciences International Corp. has named former Titan Corp. CEO Gene Ray as interim CEO and former Department of Homeland Security Undersecretary Jay Cohen as interim chief operating officer, the Washington Business Journal reported Wednesday. Kasra Kangarloo writes that the two appointments are effective January, with Ray succeeding outgoing DSIC CEO Stanton …

Read More »

Thales, MBDA Partner With Polish Firm on Bid for Poland’s Missile Defense System

Thales and MBDA have partnered with Poland’s Wojskowe Zaklady Uzbrojenia to offer the Aster 30 Block 1 missile in a joint bid for the Polish government’s Wisla contract, Defense News reported Tuesday. Pierre Tran writes that Thales and MBDA have submitted letters of intent for cooperation with WZU to bolster the local industry’s autonomy in producing and supporting …

Read More »

Stanton Sloane Appointed Comtech President, CEO; Fred Kornberg Comments

Stanton Sloane, president and CEO of Decision Sciences International Corp., will join Comtech Telecommunications (NASDAQ: CMTL) as president and CEO by February 2015 and succeed Fred Kornberg. Comtech said Tuesday Kornberg will remain as executive chairman of the board of directors. “Having been a director of Comtech since January 2012 and a long-time and …

Read More »

December 29 Morning Report: GovCon Index Up from Tuesday’s Close

The GovCon Index ended a week of trading at 71.793 points on Friday, up 0.148 or 0.206 percent from Tuesday’s close. Reuters reported that key market indicators closed a second straight week of gains, citing a positive economic outlook. The Dow Jones industrial average gained 23.5 points, or 0.13 percent, …

Read More »

Mike Dunn Joins NeoSystems as Chief Financial Officer

Mike Dunn, formerly chief financial officer of digital services company Siteworx, has joined NeoSystems as the back-office management firm’s CFO. The 26-year industry veteran has a good track record of managing business growth initiatives, merger and acquisition activities and financial planning strategies, NeoSystems said Dec. 18. He has served as …

Read More »

Phil McAlister: NASA Taps 4 Firms for New Commercial Space Tech Program

NASA has selected four companies to work with the agency to develop and commercialize space technologies over the next five years. ATK‘s (NYSE: ATK) space systems business, Final Frontier Design, Space Exploration Technologies and United Launch Alliance signed NASA Space Act Agreements for the agency’s Collaborations for Commercial Space Capabilities …

Read More »

December 23 Market Close: GovCon Index Reaches High for Month as GDP Data Shows Gains

The GovCon Index reached a new high for the month of December with a gain of 0.187 points — or 0.261 percent — to close at 71.467 on Tuesday. Investors appeared to show confidence after the Commerce Department said U.S. gross domestic product grew at a 5-percent annual rate between July and September, …

Read More »

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 »