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Tag Archives: SAIC

ScanSource’s Charles Mathis to Join SAIC as EVP, Finance Chief; Tony Moraco Comments

Charles Mathis, executive vice president and chief financial officer of technology products distributor ScanSource, will join Science Applications International Corp. (NYSE: SAIC) to serve in the same dual roles starting Nov. 14. SAIC said Monday Mathis will succeed interim CFO Maria Bishop, who will return to her full-time post as corporate controller. Bishop assumed responsibility for …

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November 7 Market Close: GovCon Index Posts 2% Election Eve Rally as Markets Gain Vote Certainty

Executive Mosaic’s GovCon Index recorded its best one-day gain in seven weeks Monday with a 2-percent gain that mirrored across-the-board rallies by U.S. stocks as investors welcomed the FBI‘s weekend letter to reiterate the agency’s stance that Hillary Clinton’s email usage was not a crime. The U.S. stock bellwether S&P 500 composite index also barely …

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Bob Kipps: Large GovCon Players Return to Organic Growth in Year of ‘Non-Traditional’ M&A Buyers

For the government technology services sector, the third quarter was strong and a step up from the prior years’ flat or shrinking activity throughout the industry, according to Bob Kipps, managing director at Tysons Corner-based aerospace and defense investment bank KippsDeSanto & Co. “Operationally, 2016 has been the year where the ‘rubber …

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October 24 Market Close: GovCon Index Lifts on Defense Prime Gains, Rockwell Collins Tumbles on Flat Guidance

Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 …

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October 18 Market Close: GovCon Index Climbs on Orbital ATK Post-Launch Surge, Primes Pace Gain

Executive Mosaic’s GovCon Index closed just shy of a full 1-percent gain Tuesday on a large upswing by Orbital ATK (NYSE: OA) after the company’s successful rocket launch Monday night and gains by other prime contractors. GovCon Index gainers outnumbered laggers at a 9-to-1 ratio and 10 of its 11 S&P 500 companies …

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October 14 Market Close: GovCon Index Flat on Even Gainer-Lagger Split, Posts 3rd Straight Weekly Loss

Executive Mosaic’s GovCon Index held flat Friday despite gains in the larger U.S. stock market on positive bank earnings reports and Federal Reserve Chair Janet Yellen’s comment that the country may be able to handle a “high pressure” economy with a tight labor market. Friday’s gain was not enough to lift the GovCon Index into positive over …

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Former Sotera SVP Tina Kuhn Joins CyberCore as President & CEO

Tina Kuhn, a former senior vice president at Sotera Defense and 33-year GovCon sector veteran, has joined cybersecurity services contractor CyberCore Technologies as president and CEO. CyberCore said Wednesday Kuhn’s industry career includes leadership, executive management, operations management, business development and program management roles to support government, international and commercial customers. Elkridge, Maryland-based CyberCore provides cyber …

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October 10 Market Close: GovCon Index Lifted on Boeing & Services Gains as US Stocks Ride Oil Bounce

Executive Mosaic’s GovCon Index returned above the 80-point barrier Monday on strong gains by Boeing (NYSE: BA) and services-oriented companies as energy shares led U.S. stocks higher in conjunction with a rise in crude oil prices. GovCon Index gainers outnumbered laggers at a 6-to-1 ratio but five of its 11 S&P 500 components …

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BAE, SAIC Amphibious Combat Vehicle Prototypes to Undergo Tests in 2017

TYSONS CORNER, VA, Sept. 30, 2016 — The Amphibious Combat Vehicle prototypes submitted by BAE Systems and Science Applications International Corp. (NYSE: SAIC) are scheduled to undergo tests by the U.S. Marine Corps in 2017, ExecutiveBiz reported Thursday. Marine Corps Times reported Tuesday the service branch will choose one contractor by 2018 to …

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SAIC Wins Potential $383M Navy Contract for MK 48 Torpedo Components

Science Applications International Corp. (NYSE: SAIC) has won a potential four-year, $383.1 million contract to produce MK 48 Mod 7 heavyweight torpedo components for the U.S. Navy. The Naval Sea Systems Command awarded the firm-fixed-price, cost-plus-fixed-fee contract through a competitive procurement process with two proposals received, the Defense Department said Thursday. …

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