The U.S. Army has awarded a nine-month, $385 million contract modification to a Vectrus (NYSE: VEC) subsidiary to help the military branch operate its facilities in Kuwait. The Army Contracting Command has obligated $43.9 million in fiscal 2018 operations and maintenance funds at the time of award, the Defense Department said Monday. …
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A subsidiary of Vectrus (NYSE: VEC) has won a potential five-year, $108 million contract to help manage U.S. Army dining facilities in Kuwait. Vectrus Systems will provide equipment, personnel, supplies, tools, materials and transportation services under the Kuwait Dining Facilities 3.0 contract, the company said Tuesday. Chuck Prow, Vectrus president and CEO, said the DFAC 3.0 contract …
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Weekly Roundup January 22 – January 26, 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson On Thursday, January 25th Executive Mosaic announced the recipients of the 2018 Wash100 award, the most influential and impactful executives of consequence at the intersection of government and …
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Vectrus (NYSE: VEC) has bought Alexandria, Virginia-based SENTEL for $36 million in a push to grow client base in the intelligence and federal civilian markets as well as broaden logistics, information technology and technical service offerings for customer agencies. Colorado Springs-based Vectrus said Tuesday it funded the transaction with cash on hand and …
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Weekly Roundup December 18 – December 22 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This month there was a significant amount of year-end contract activity in the GovCon marketplace. Foreign nations announced their intent to purchase military vehicles and the …
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David Hathaway, formerly vice president, partner and head of defense and intelligence industry team at IBM’s (NYSE: IBM) global business services unit, has joined Vectrus (NYSE: VEC) as senior VP for information technology and network communication services, GovConWire has learned. Hathaway oversees the development and implementation of network communications and …
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In reviewing last weeks market performance the Executive Mosaic GovCon Index (GCI) ended the week down 0.74 percent from Mondays opening price settling at 107.303. Twenty stocks declined for the week versus ten that advanced. The three major indices all closed mixed on Friday; the S&P500 closed down 0.09 percent to 2,582.30 while …
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The Executive Mosaic GovCon Index (GCI) closed down 0.076 percent to 108.042. Engility topped the GCI posting a 5.55 percent gain for the day. Advancing and declining shares were split evenly. The three major indices showed modest movement to the positive. The S&P500 closed up 0.13 percent to 2,591.13, while the DJIA closed at …
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The Executive Mosaic GovCon Index (GCI) closed up 0.692 percent to 108.524. ManTech released a strong Q3 2017 earnings report which propelled them to the top of the GCI posting an 11 percent increase to 50.98. Advancing shares on the GCI outpaced declining 2 to 1. The three major indices closed mixed for the day. …
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After six days of downward direction, the Executive Mosaic GovCon Index (GCI) reversed its direction to close up 0.807 percent to 108.070. The GCI had several stocks close up more than 2 percent, including KBR, Vextrus, Harris Corp., Maximus Inc., and McKesson Corp. Advancing shares outpaced declining 2 to 1. The three …
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