Terry DeRosa, formerly chief financial officer of IAP Worldwide Services, has been promoted to CEO at the Cape Canaveral, Florida-based government services contractor. IAP said Thursday DeRosa held the CFO role over the past three years and led the company’s expansion and stabilization efforts as part of a company-wide reorganization...
In reverse of major US markets, The Executive Mosaic GovCon Index (GCI) closed up on the day to 99.847; a gain of 0.060 percent. Advancing and declining shares almost evenly split. The major indices closed down slightly for the second consecutive day. The S&P500 retreated by 0.21 percent to 2,438.97, while DJIA move...
Boeing (NYSE: BA) has received a $222.5 million contract modification from the U.S. Army to build and deliver eight CH-47F helicopters to Saudi Arabia’s land forces aviation command. The Army Contracting Command obligated the full modification amount at the time of award from fiscal 2017 foreign military sales funds, the Defense Depa...
The Executive Mosaic GovCon Index (GCI) continued on its upward direction to close at 100.305 up 1.202 percent. Advancing shares outpaced decliners 6 to 1. Navistar International, ManTech International, AECOM, and SAIC all closed up more than 2.0 percent on the day. The major indices all closed ...
The U.S. Air Force has awarded a $349.1 million contract to Boeing (NYSE: BA) and a $328.6 million contract to Northrop Grumman (NYSE: NOC) to perform technology maturation and risk reduction work for the Ground-Based Strategic Deterrent intercontinentinal ballistic missile program. The Air Force Nuclear Weapons Center in Utah receive...
TYSONS CORNER, VA, Aug. 21, 2017 ” Boeing (NYSE: BA), General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) are expected to submit proposals to the U.S. Navy for the development of an unmanned aerial refueling tanker that operates with an aircraft carrier, ExecutiveBiz reported Friday. USNI News reported Thursday&nb...
The Executive Mosaic GovCon Index (GCI) closed down on Friday and ended the week off 2.45 percent from Monday’s open. The major indices closed Friday in the negative. The S&P500 ended at 2,425.55 off 1.46 percent for the week, while DJIA dropped 1.43 percent for the week to 21,674.51, and the NASDAQ Composite weekly performance f...
The Executive Mosaic GovCon Index (GCI) closed down today, dropping by 0.508 percent to settle at 98.841. Declining shares outpaced advancers 5 to 1. The major indices closed down today with the S&P500 declining by 0.18 percent to 2,425.55, while DJIA dropped by 0.35 percent to 21,674.51, and the NASDAQ Composite fell by...
Weekly Roundup August 14 – August 18 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week the GovCon industry witnessed a number of significant contract awards, many of which focused on R&D, space, IT services and missile defense. Let’s take a quick lo...
India has approved a deal to buy six additional Boeing-built (NYSE: BA) Apache helicopters for approximately $654.6 million, Reuters reported Thursday. India™s defense acquisition council on Thursday cleared the deal that also covers related equipment, spares, weapons, ammunition and training support. The decision came nearly two year...
