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August 3 Market Close: GovCon Index Closes Down as Crude Oil Hits Six-Month Low

The GovCon Index ended Monday trading day down 0.075 points to close at 76.189. Crude oil hit a six month low with Brent oil falling below $50 as energy stock feel the pain, according to Bloomberg. The Dow Jones Industrial Average declined 91.66 points to 17, 598.20, the S&P 500 composite …

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SAIC Awarded $11M to Update Defense Management Information System

TYSONS CORNER, VA August 3, 2015 — The U.S. Navy has selected Science Applications International Corp. (NYSE: SAIC) to develop the third iteration of a management information system used to provide a whole-of-government picture of security cooperation efforts for decision-makers, planners and coordinators. The $11 million cost-plus-incentive fee contract will occur …

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Iron Bow’s Ray Harris Advices Caution, Pilot Testing on Internet of Things

TYSONS CORNER, VA August 3, 2015 — Ray Harris, Iron Bow Technologies chief information officer, said CIOs should carefully consider what their enterprise would require to operate in an Internet of Things scenario to conserve resources. “For a lot of organizations that have some ideas about how to be able …

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CACI Highlights Ethics, Integrity Role in Contract Management; Jack London, Ken Asbury Comment

TYSONS CORNER, VA August 3, 2015 — Jack London, CACI International (NYSE: CACI) executive chairman and an inductee into Executive Mosaic’s Wash100 for 2015, has identified several fundamental characteristics needed to execute effective contract management operations in the federal space, ExecutiveBiz reported Friday. “Trust, confidence, and integrity are what drive …

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Kevin Davis Named Public Sector Business VP at Splunk

Kevin Davis, formerly acting vice president of the public sector business at Splunk (Nasdaq: SPLK), has been promoted to the VP role on a full-time basis. Davis, who brings more than two decades of sales experience to his role, was area vice president of federal sales when he joined the …

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Triple Canopy Lands $48M DHS Protective Services Contract; Mo Mulligan Comments

Triple Canopy has won a potential five-year $47.8 million contract with the Department of Homeland Security to control access at federally-owned and leased facilities in Oklahoma City and Tulsa. Security officers will perform x-ray screening, vehicle access control and mobile and foot patrol services at the sites under the contract, Triple Canopy …

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Engility to Help Engineer Naval Radar Systems; Tony Smeraglinolo Comments

The U.S. Navy has awarded Engility Holdings (NYSE:EGL) a potential $53 million contract to perform engineering work on rotating and surveillance maritime radars. Engility said Monday the award has a $35.4 million initial value and is a follow-on to a contract that TASC won before that company merged with Engility. …

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US Army Awards $501M Medical Research Contract to Four Firms

Leidos (NYSE: LDOS), Vaccine Co., PPD Development LP and TASC have won a $501 million contract to perform medical research for the U.S. Army. The Defense Department said Friday that the companies will receive orders to carry out the task through July 30, 2020. The Army Medical Research Acquisition Activity received …

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July 31 Market Close: GovCon Index Closes Up, US Stocks Trade Down on Energy Earnings News

The GovCon Index rebounded from losses in Thursday’s trading session to record a gain of 0.240 points and close at 76.270 Friday. For the week, the Index rose 1.85 percent from its July 24 closing figure of 74.888. A loss of 2.5 percent in the S&P 500 composite index’s energy sector weighed …

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Boeing Breaks Ground on New Oklahoma Site for AM&S Division

TYSONS CORNER, VA July 31, 2015 — Boeing (NYSE: BA) has broken ground on a new facility in Oklahoma City as part of the company’s plan to expand its operations in the region, ExecutiveBiz reported Thursday. Boeing said it will move the headquarters of its aircraft modernization and sustainment division …

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