April 30 Market Close: GovCon Index Plunges 2%, Biotech Losses Send Stocks Down The GovCon Index capped the month of April with a decline of 2.001 percent to hit its lowest closing figure of the month at 73.372. Bloomberg cited losses in small cap and biotechnology stocks as a driver of declines in U… Read More Mike...
House Armed Services Panel Clears 2016 Defense Spending Bill Members of the House Armed Services Committee voted 60-2Thursday to pass a $585 billion defense policy bill, Defense News reported Thursday. John Bennett writes the HASC-approved 2016 National Defense Authorization Act would authorize $495… Read More Iridium 1Q Gov’t Service Revenue Up 13%; Matt Desch on...
DoD General Counsel Stephen Preston to Leave Post; Ashton Carter Comments Stephen Preston, general counsel and chief legal officer of the Defense Department, will leave the public sector by the end of June after serving six years under the current administration. DoD said Wednesday Preston will rejoin the private sector and teach at Yale Law School as an adjunct...
April 29 Market Close: GovCon Index Falls, Economic Growth Report Sends Stocks Down The GovCon Index mirrored across-the-board losses in U.S. stock markets Wednesday with a decline of 0.678 points to end the day at 74.831. General Dynamics (NYSE: GD), the index’s biggest gainer, saw its stock price jump 3… Read More Mary Davie: GSA...
State Dept Clears Australia’s Requests for $1.8B in F-16, Hobart Destroyer Services The State Department has approved $1.775 billion in foreign military sales requests from Australia for equipment and services in sustainment and logistics to support that country’s Super Hornet and Growler jets and Hobart-class destroyers… Read More Harris Awarded $238M to Build Aviation Weather Info Dissemination System; Carl D’Alessandro Comments Harris Corp....
Brian Clark: NCI to Help CMS Address Medicare Fraud NCI Inc. (Nasdaq: NCIT) has been awarded a one-year, $14 million contract with the Centers for Medicare and Medicaid Services to identify and investigate fraudulent activities related to the Medicare program… Read More Obama to Nominate USCG Vice Adm. Peter Neffenger as TSA Assistant Secretary U.S....
April 28 Market Close: GovCon Index Rebounds, US Investors Await Fed Meeting The GovCon Index ended a three-day streak of declines Tuesday to record a gain of 0.226 points and close at 75.530. U.S. markets traded downward during the morning session but recovered during the afternoon as investors prepare to digest news from the Federal...
House Armed Services Committee Proposes $604B in 2016 Defense Funds The House Armed Services Committee has unveiled a policy bill authorizing $515 billion in U.S. Defense Department base budget and another $89.2 billion in overseas war funds for 2016 fiscal year, The Hill newspaper reported Monday… Read More SRA to Maintain VA’s Online Career Development...
IoT Shifts Security Focus From Device Mgmt to Data Access Control The Internet of Things is changing the way businesses manage network and data security by focusing on data access using unified computing architectures rather than interoperability of various device platforms, CSO reported Monday… Read More MIT Awarded $3B to Help Run National Security Tech R&D...
April 27 Market Close: GovCon Index Retreats, Biotech Pulls Down US Stocks The GovCon Index has continued the third straight day of decline to close down 0.597 points at 75.304. Even with a boost from commodity stocks all three markets declined due to downturn in Biotech stocks according to the Bloomberg Business… Read More John Fan: Rockwell...
