The U.S. Navy has awarded positions on a potential four-year, $809 million contract to eight companies to provide process management and data support services for the Naval Supply Systems Command Business Systems Center. The service branch awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive pr...
The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow Jones Industrial Average stock —...
Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenu...
Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported fourth quarter earnings per share of $3.01 and $11.46 for its fiscal year 2015 to exceed the consensus estimates of Wall Street analysts for both figures by 7 cents and 8 cents respectively. Fourth quarter earnings topped...
TYSONS CORNER, VA, January 22, 2016 ” Leidos (NYSE: LDOS) was a sponsor of the Washington Wizards’ Military Night game versus the Miami Heat Wednesday as part of the Defending the Rim program, GovCon Executive reported Thursday. The company said Tuesday it donated 300 tickets to the United Service Organizations for the game...
The GovCon Index attempted to turn around sharp losses incurred mid-afternoon Friday during the day’s final trading hour and closed at a gain/loss of 0.086 points to 72.182. The Index had shown a decline of around 1.1 percent at around 2 p.m. Eastern time before a reversal that started shortly before 3 p.m. as U.S....
Jan. 11 – Jan. 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson America’s space program appears to be the place where government and industry are taking concrete steps toward increased public-private partnerships as a means to spur innovation on both ...
The GovCon Index showed signs of life Thursday with a gain of 1.105 percent to 73.040 amid further turmoil in international financial markets as U.S. stocks also rallied amid global losses. The S&P 500 rose 1.67 percent to show its largest gain in almost six weeks and go back above the 1, 900 mark. Crude...
Anne Altman, general manager of IBM‘s (NYSE: IBM) U.S. federal and government industries, has confirmed her retirement after almost 30 years of work on both private and public sector programs, Federal News Radio reported Wednesday. Meredith Somers writes Sam Gordy, integrated systems group president at Leidos (NYSE: LDOS), will join IBM on Jan...
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...
