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Tag Archives: govcon

October 15 Morning Report: GovCon Index Inches Up as Global Concerns Hold

The GovCon Index entered Wednesday trading at 62.785 — approximately 0.82 percent higher than Tuesday’s figure, or an increase of 0.52. Reuters cited concerns over Ebola, the impact of weak global economic figures on U.S. corporate earnings and a decline in oil prices as drivers of Tuesday’s investment activity.   Top Percentage Gainers Company …

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Mark Escobar: SAIC Continues Defense Logistics Agency Support with $282M Contract

Science Applications International Corp. (NYSE: SAIC) has been awarded a $282 million contract to continue helping the U.S. Defense Logistics Agency deliver maintenance, repair and operational services at military bases in Hawaii. SAIC and DLA will also work to provide MRO services to defense and federally-run facilities across Guam and Kwajalein …

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Greg Psihas Appointed Lockheed Corporate Development VP

Greg Psihas, former corporate vice president of mergers and acquisitions at Applied Materials, will join Lockheed Martin (NYSE: LMT) as VP of corporate development on Oct. 27. The company said Tuesday Psihas will manage mergers and acquisitions, integration, joint and strategic ventures, divestitures, technology commercialization and fund investments. He has overseen merger and acquisition activities worth an estimated …

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NASA Adds 41 Contracts to $20B Enterprise IT GWAC Program

NASA has awarded an additional 41 contracts under a potential $20 billion program that covers work to deliver information technology equipment, peripherals and related services across the federal government. Forty-one contractors will compete for task orders to provide server support systems under the “Group C” category of NASA’s Solutions for Enterprise-Wide Procurement …

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Kent Holiday: ATK Books $204M in Military Ammo Orders During August and September

ATK (NYSE: ATK) has won contracts worth $203.7 million combined to produce nonstandard ammunition systems for the U.S. Army and foreign military partners. The company said Monday it booked the military weapon orders during the past two months through basic ordering agreements and indefinite-delivery/indefinite-quantity contracts. “We are honored to support …

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Fred Funk Takes SVP Role at Preferred Systems Solutions; Scott Goss Comments

Fred Funk, formerly a co-founding executive at The KEYW Holding Corp. (NASDAQ: KEYW), has joined Preferred Systems Solutions as senior vice president of the national security group. He will be responsible for the company’s intelligence operations, business development and merger and acquisition strategies within the intelligence community, PSS said Sept. 23. “We are extremely fortunate to have …

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Boris Nejikovsky Named ENSCO President; Paul Broome Comments

Boris Nejikovsky, formerly vice president of ENSCO’s rail groups, has been named president of ENSCO Inc. and its business units. He will succeed acting president and CEO Gregory Young,  ENSCO said Monday. “Mr. Nejikovsky brings a unique and deep blend of experience and knowledge in governmental research and development, systems engineering, commercial product …

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Army Seeks Industry Partner for Geospatial Tech R&D

The U.S. Army Corps of Engineers is interested in collaborating with the private sector to develop tools and methods for managing geospatial information across the service. The branch said Thursday it wants information on potential vendors who can provide research, development, engineering, assessment and validation support to the USACE Geospatial …

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October 9 End of Day Report: GovConIndex Mirrors S&P 500’s 2% Drop

The GovConIndex declined by approximately 1.76 percent Thursday to 63.569, representing a downturn of nearly 1.1 percent. This decrease mirrored that of the S&P 500 composite index, which declined by about 2 percent to 1, 930.5 and saw all 10 of its main groups decrease by at least 0.8 percent. Investors responded to worries …

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Executive Mosaic Launches GovConIndex

Executive Mosaic Inc. has launched the Executive Mosaic GovConIndex; a composite index that tracks 30 of the leading publicly traded Government Contracting (GovCon) Companies. The goal of the index is to measure the health and performance of the GovCon industry through changes in the aggregate price of the component stocks. The represented …

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