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Tag Archives: govcon

October 30th Market Close: GovConIndex and Major Indices Close Down

The Executive Mosaic GovCon Index (GCI) continued to drop for the sixth consecutive day to close at 107.751 off 0.672 percent. Declining shares outpaced advancing 3 to 1. The three major indices all declined for the day. The S&P500 closed down 0.32 percent to 2,572.83, while the DJIA closed at 23,348.74 a negative …

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Thales Expands Data Encryption for Red Hat’s OpenShift Container Platform

TYSONS CORNER, VA, Oct. 30, 2017 — Thales has enabled an extended encryption capability for Red Hat‘s (NYSE: RHT) OpenShift Container Platform in efforts to implement access control and logging for sensitive data, ExecutiveBiz reported Friday. The Vormetric Transparent Encryption tool will work to secure Red Hat OpenShift Container Platform deployments …

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CACI Wins $91M Army Airborne ISR Tech Support Order; Ken Asbury Comments

CACI International (NYSE: CACI) has won a potential four-year, $91 million task order to help a U.S. Army organization research, develop and evaluate airborne intelligence systems. The company said Monday it will assist the Flight Activity of the Army’s Communications-Electronics Research, Development and Engineering Center in efforts to maintain, integrate, operate and provide …

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Michael Strianese: L3 Evaluates ‘Strategic Options’ for Vertex Aerospace Business

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement …

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Raytheon Gets $1.5B MDA Follow-On IDIQ to Continue Support for Ballistic Missile Radar Platforms

Raytheon (NYSE: RTN) has received a potential $1.5 billion indefinite-delivery/indefinite-quantity contract to help the Missile Defense Agency operate and maintain two kinds of ballistic missile radar technology. The Defense Department said Friday Raytheon’s integrated defense systems unit will continue to provide logistics support, transition and transfer, depot transition and sustaining engineering services for …

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Iridium Announces Q3 2017 Govt Services Revenue, Subscribers; Matt Desch Comments

Iridium Communications (Nasdaq: IRDM) recorded $22 million in government service revenue with 95,000 government subscribers during the third quarter of 2017. Iridium said Thursday government data and voice subscribers rose 14 percent to 40,000 during the third quarter ended Sept. 30, compared with the same period last year. The McLean, …

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General Dynamics to Supply Iraq Insensitive Munitions, Cartridges Under $93M Army FMS Contract

General Dynamics (NYSE: GD) has received a potential five-year, $93 million foreign military sales contract from the U.S. Army to provide 120mm insensitive munition high-explosives along with tracer tank ammunition cartridges to Iraq. The Defense Department said Friday the Army Contracting Command received one bid for the firm-fixed-price contract and will …

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October 30th Morning Report: GovCon Index Down For The Week, Stock Market Up

The Executive Mosaic GovCon Index (GCI) closed Friday down 1.62 points or 1.47 percent from Monday’s open, settling at 108.162. McKesson Corp. was down 5.52 percent for the day at Friday’s close. The three major indices all advanced Friday with the S&P500 and NASDAQ Composite reaching new highs. The S&P500 closed up 0.81 …

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October 27th Market Close: GovConIndex Closes Down as S&P500 and NASDAQ Composite Set New Highs

The Executive Mosaic GovCon Index (GCI) continued to drop for the fifth consecutive day to close at 108.162 off 0.03 percent with the McKesson Corp. down 5.52 percent on the day. Advancing shares outpaced declining 2 to 1. The three major indices all advanced for the day with the S&P500 and NASDAQ Composite …

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Avaya Gets FedRAMP ATO for Unified Comms Product; Jerry Dotson Comments

TYSONS CORNER, VA, Oct. 27, 2017 — An Avaya business unit has secured certification under the Federal Risk and Authorization Management Program for its unified communications technology in partnership with Collab9, ExecutiveBiz reported Oct. 19. Avaya Government Solutions received FedRAMP authority-to-operate at moderate impact level to offer its Aura Communication Manager UC product …

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