Posts from GovCon Wire for 11/3/2015

Army Taps Kiewit-Turner JV for $571M VA Medical Facility Construction Contract

A joint venture of Kiewit and Turner Construction has won a potential three-year, $570.7 million contract from the U.S. Army to finish the construction of a replacement medical facility for the Department of Veterans Affairs’ Eastern Colorado Health Care System…

David Thompson: Orbital ATK’s $150M Buyback Plan Gets Board Approval

Orbital ATK‘s (NYSE: OA) board of directors has approved a plan to buy back an additional $150 million of the company’s common stock through the end of 2016. The company said Monday it may repurchase shares in the open market depending on factors such as market condition and that transactions will be subject to financial covenants and regulations…

Obama Signs 2-Year Debt Limit Suspension Bill

President Barack Obama signed a bipartisan budget deal Monday that suspends the debt limit through March 2017 and increases spending levels by $80 billion until September 2017, The Hill reported Monday…

Sparton, Ultra Electronics JV to Produce Sonobuoys for Navy; Cary Wood Comments

A joint venture of Sparton and Ultra Electronics Holdings has received a five-year, $20 million, indefinite-delivery/indefinite-quantity contract to supply sonobuoys to the U.S. Navy. The ERAPSCO JV will tap the Ultra Electronics USSI and Sparton De Leon Springs business units for sonobuoy production requirements under the contract, Sparton said Monday…

Leidos’ Robert Zitz to Tackle Cyber, Physical Risks at Eisenhower Institute’s Energy Policy Discussion

Robert Zitz, senior vice president and chief systems architect at Leidos, is scheduled to speak today as one of the panelists in an Eisenhower Institute-hosted discussion on national security threats to energy infrastructures…

General Dynamics Dedicates New Guided-Missile Destroyer; Fred Harris Comments

General Dynamics has christened a new guided-missile destroyer at the company’s Bath, Maine-based shipyard. General Dynamics Bath Iron Works started to fabricate the USS Rafael Peralta (DDG 115) in November 2011 and is set to deliver the destroyer to the U…

Rep. Mac Thornberry: Budget Proposal Cuts Almost $5B From Defense Programs

The Defense Department would see about $5 billion in fiscal 2016 program cuts under a two-year draft budget agreement between the White House and Congress, Defense News reported Monday. Joe Gould writes Rep…

November 2 Market Close: GovCon Index, US Stocks Climb on Earnings, Data

The GovCon Index rode a full day of gains U.S. markets Monday with its own 0.713-point climb to a new all-time high of 77.987. Monday marks the third session out of four that the Index ended at a new record closing figure after an October that represents its strongest month in 2015…