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Tag Archives: govcon

State Dept OKs Finland’s $150M Purchase of Lockheed Martin Rocket Pods

TYSONS CORNER, VA, November 12,  2015 — Finland’s proposed $150 million purchase of Lockheed Martin (NYSE: LMT) rocket systems and warhead rockets has received clearance from the State Department under the foreign military sales program, ExecutiveBiz reported Wednesday. The Defense Security Cooperation Agency said Tuesday Finland plans to use the rocket pods …

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BAE Says No Sale of US Govt Manpower, Services Business

Britain-based defense contractor BAE Systems PLC announced in a trading update released Thursday morning it will hold onto the manpower and services business unit in the company’s U.S. subsidiary that operates as BAE Systems Inc. BAE Systems PLC said in April it would undertake a strategic review of the units that are part of the U.S. subsidiary’s intelligence …

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Maximus FY 2015, 4Q Earnings Exceed Street Forecast; Guidance Lowered on UK Contract Outlook

Maximus (NYSE: MMS) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of $2.39 per share for its 2015 fiscal year ended Sept. 30 to exceed Wall Street estimates by 4 cents and prior year figures by 13.27 percent. Fourth quarter earnings for the Reston, Virginia-based …

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Blackstone to Purchase 17% Stake in NCR; Bill Nuti Comments

Blackstone Group has agreed to acquire a 17-percent ownership stake in consumer transaction technology maker NCR (NYSE: NCR) for approximately $820 million. NCR said Thursday it aims to transform into an integrated software development and services company and will use the investment to partly fund a planned stock repurchase program. “The NCR board has determined that executing …

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OMB Vet David Haun Joins Grant Thornton’s Global Public Sector Practice

David Haun, formerly deputy associate director at the Office of Management and Budget, has joined Grant Thornton as a director in the company’s global public sector practice. Haun was most recently responsible for OMB’s policies, programs and $150 billion in funding for various programs at the General Services Administration and …

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Intelsat Appoints Jay Yass, Hazem Moakkit to VP Roles; Bruno Fromont Comments

Jay Yass, formerly vice president of global accounts and strategic sales and network services product management at Intelsat (NYSE: I), has been named VP of business development at the satellite services contractor. Intelsat said Tuesday it also appointed Hazem Moakkit, former VP of spectrum development at O3b Networks, as VP …

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Acendre Hires Josh Steele as CFO; Mike Giuffrida Comments

Josh Steele, founder of consulting firm Flywheel Associates, has joined talent management software provider Acendre as chief financial officer and will be in charge of the company’s financial operations. Acendre said Tuesday Steele will work to support company efforts to expand its customer base and technology portfolio. “Josh brings a strong …

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Reuters: Veritas Capital Bids to Acquire BAE’s US Staffing, IT Services Businesses

(NOTE: This summary was published prior to BAE Systems PLC’s announcement that it would not undertake the sale described in this story. Please click here to read our subsequent report on that announcement) Veritas Capital is in advanced negotiations to purchase BAE Systems‘ business units that offer manpower and information technology …

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November 11 Market Close: GovCon Index Gains on CGI Earnings, US Stocks Close Down

The GovCon Index posted a nominal gain of 0.16 points to 77.505 Wednesday as U.S. stocks peaked in the early afternoon session before steady declines as the closing bell on Wall Street approached. The Index has slipped 0.99 percent since its most recent high of 78.281 on Nov. 5 and has posted a fourth-quarter recovery of 10.76 percent …

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General Atomics Unveils Abu Dhabi Office to Serve MENA A&D Market

TYSONS CORNER, VA, November 11,  2015 — General Atomics has unveiled a new office in the United Arab Emirates to support its remotely piloted aircraft business in the Middle East and North Africa region, ExecutiveBiz reported Tuesday. The company said Sunday the Abu Dhabi office launched in August and works to address …

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