June 13 – June 17 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson  We shift our focus this week back to GovCon’s merger-and-acquisition environment with one new deal to digest and a second that has brought the purchaser a new landmark contract award. Fairfax...
The GovCon Index staged a recovery in afternoon trade after a limp open Thursday but closed at a loss of 0.059 points to 78.791 as Britain’s referendum on whether to exit the European Union continued to dominate global financial market activity. All campaign activities surrounding the “Brexit” vote set for Thursday were suspen...
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...
Science Applications International Corp. (NYSE: SAIC) has won an $84.7 million contract to manage the U.S. Army™s high-performance computing services. McLean, Virginia-based SAIC will also provide technical support for the computing systems and perform work in various U.S. locations through June 26, 2017, the Defense Department said Monday. Loc...
The GovCon Index was dragged Monday by the across-the-board selloff in U.S. stocks and closed at a steep decline of 1.288 percent to 78.912. McLean, Virginia-based Science Applications International Corp. (NYSE: SAIC) was the GCI’s lone gainer at 2.16 percent after the contractor reported first-quarter earnings and revenue above anal...
Science Applications International Corp. (NYSE: SAIC) — one of 3 companies listed in Executive Mosaic’s GovCon Index — has reported first quarter earnings and revenue figures above the consensus Wall Street forecasts with sales contributions from the Scitor business acquired a year ago. The McLean, Virginia-based gov...
The GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase. Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Nort...
The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent to record its f...
The GovCon Index stretched its current streak of gains to five Tuesday by 0.212 points to 79.746 on an upgrade to L-3 Communications (NYSE: LLL) and a spike in Navistar International (NYSE: NAV) shares despite a full-year revenue guidance cut. Credit Suisse lifted its target price on L-3 to $169.00 and held a “Buy” rating on...
American Systems has won a potential five-year, $85 million contract to provide operational test and evaluation support for the U.S. Air Force™s fourth- and fifth-generation fighter aircraft and related systems. The Air Force’s operational test and evaluation center at Kirtland AF Base in New Mexico awarded the in...
