The GovCon Index suffered a loss of 1.324 percent to 70.492 Thursday driven by a plunge in Engility Holdings (NYSE: EGL) shares after the contractor issued fiscal year 2016 guidance that forecasts a sharp drop in earnings from 2015 outlook. Chantilly, Va.-based Engility’s 2016 guidance sees earnings of between $1.00 and $1.15 per share compare...
Engility Holdings (NYSE: EGL) — one of 30 companies listed on Executive Mosaic’s GovCon Index — issued its fiscal year 2016 earnings and revenue guidance Thursday below the consensus Wall Street analyst estimates for both figures. The Chantilly, Virginia-based government services contractor said it sees earnings of between $1.00 an...
Shawn Kingsberry, formerly director of cloud solutions at Engility (NYSE: EGL), has joined Unisys (NYSE: UIS) as head of the information technology firm’s global digital government practice. Kingsberry will directly report to Mark Forman, vice president of the global public sector business at Unisys, and will work to guide publ...
The GovCon Index mirrored wild volatility in U.S. markets Wednesday to close at a decline of 0.703 points to 71.438 with an attempt to recover from steep and rapid declines during morning and mid-afternoon trade. The Index showed a 3.5 percent decline at around 12 p.m. ET and fell further to a 4.5-percent loss shortly...
The U.S. Army has awarded positions on a potential four-year, $900 million contract to 17 companies to provide logistics support services for the Joint Program Executive Office for Chemical and Biological Defense. The contractors will compete for individual task orders under the multiple-award, indefinite-delivery/indefinite-quantity contract, the D...
The GovCon Index closed Friday at a 1.181-percent drop to 73.739 and ended the week with a loss of 4.31 percent. The S&P 500 composite index joined the Dow Jones Industrial Average and Nasdaq index in correction territory with a decline of 1.08 percent Friday. Top GovCon Index Gainers Symbol Company $ Current Price Net Change % Ch...
The GovCon Index failed to hold momentum from a strong open Friday and closed at a decline of 1.181 percent to 73.739, which extends its current stretch of losses to three trading days. For the week, the Index recorded a loss of 4.31 percent and is down 6.27 percent from its Dec. 1, 2015 close...
