Posts from GovCon Daily for 2/23/2015

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January 23 Market Close: GovCon Index Dips as Market Awaits Fed Chairman Testimony

The GovCon Index rallied Monday afternoon to a nominal gain of 0.043 points to close at 70.980 on a day that saw the index split 16-14 in favor of laggers against gainers. U.S. stocks declined as investors prepared to scrutinize the scheduled testimony of Federal Reserve Chair Janet Yellen to both houses of Congress Tuesday and Wednesday, CNBC reports…
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Engility Shareholders OK TASC Deal, Transaction Set to Close Thursday

Shareholders at Engility Holdings (NYSE: EGL) voted Monday to approve the company’s $1.1 billion all-stock acquisition of TASC and the companies have now set the transaction’s closure date for Thursday…
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Bruce Tanner: Lockheed Eyes Int’l Sales Target of 25%

Lockheed Martin wants its international sales to reach 25 percent of the company’s total revenue over the next few years in a move to mitigate the impact of shrinking defense spending, the Washington Post reported Friday…
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Robert Hale: Sequestration Not a Sure Thing in 2016

Robert Hale, the former Defense Department comptroller and a current fellow at Booz Allen Hamilton, has outlined several public misconceptions about the sequestration process amid concerns about another round of automatic budget cuts in 2016…
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HP’s Stacy Cleveland: DoD Eyes Match Between Security Requirements, Commercial Cloud

The Defense Department is working to develop additional security standards and practices for the commercial cloud that are tailored to protect sensitive and classified information, C4ISR & Networks reported Friday…
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Gene Colabatistto: CAE, NorthStar Aviation Partner to Develop Helicopter Simulator Tech

CAE and NorthStar Aviation have signed a partnership agreement to develop flight simulation and training products for the NorthStar Aviation-built 407MRH multirole helicopter, Shephard Media reported Monday…
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Dan Tangherlini: Agencies Seek New IT, Digital Service Ideas From GSA’s 18F Lab

Dan Tangherlini, who officially left the General Services Administration Friday after three years as its leader, described several initiatives the agency started during his tenure at GSA in an interview with Federal News Radio posted Friday…
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