The GovCon Index lost two full percentage points for a second consecutive trading session Monday as global financial markets continued to indicate investor concerns over the prospects of Britain’s vote Thursday to leave the European Union. Executive Mosaic‘s GovCon Index closed down 2.004 percent to 75.777 with Vectrus (NY...
The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent and cuts the...
The GovCon Index lifted Thursday on U.S. investor speculation that Britain would vote in its referendum to remain in the European Union but felt some downward pressure from a guidance miss by CACI International (NYSE: CACI) and a subsequent downgrade on the stock. Executive Mosaic‘s GovCon Index of 30 publicly traded contractors...
Maritime engineering and design company Gibbs & Cox has appointed Chris Deegan, former vice president of the company’s engineering group, to the roles of president and CEO. The Arlington, Virginia-based contractor said Tuesday Deegan will succeed Rick Biben, who will continue to serve on G&C’s board of di...
The U.S. Air Force has awarded Northrop Grumman (NYSE: NOC) a potential one-year, $203.5 million contract modification to continue to provide sustainment and logistics support for the service branch’s Global Hawk unmanned aerial systems. The company will supply additional materials and provide maintenance, planning and operations services ...
M1 Support Services has won a $193.8 million contract from the U.S. Air Force for the operations and maintenance of the Northrop Grumman-built (NYSE: NOC) T-38 Talon trainer aircraft. The Defense Department said Tuesday the contract requires M1 to provide support on companion training services for B-2 and U-2 pilots and adversary...
Northrop Grumman (NYSE: NOC) has received a $17.8 million “other transaction” agreement modification from the Defense Advanced Research Projects Agency to perform additional tasks under phase III of the Tactically Exploited Reconnaissance Node project. The company will work to fabricate, assemble and checkout a second Tern unman...
The Centers for Medicare and Medicaid Services has awarded 80 companies positions on a potential 10-year, $25 billion contract vehicle the agency intends to use as its primary mechanism for acquisitions of information technology services via task orders. CMS released the list of awardees in a Wednesday FedBizOpps n...
The GovCon Index hit choppy trade in the late afternoon session Wednesday and closed at a narrow loss of 0.094 points to 78.850 as investors examined the Federal Reserve‘s latest policy statement that left current interest rates unchanged. Central bank leaders held the federal funds rate at between one-quarter and one-half percent on conc...
The GovCon Index rallied late Tuesday afternoon and ended at a narrow gain of 0.033 points to 78.945 as global investors held back over the U.K.’s potential European Union exit and also started to watch world central bank meetings. CACI International (NYSE: CACI) rose after the Air Force announced the services provider as t...
