Posts from ExecutiveBiz for 11/11/2015

CGI FY 2015 Earnings Top Wall Street Estimates, 4Q Number Beats Forecast

CGI Group (NYSE: GIB) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of $3.13 per share for the company’s 2015 fiscal year ended Sept. 30 to exceed the consensus Wall Street estimate by 2 cents and the prior year figure by 11…
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Congress OKs Revised Fiscal 2016 Defense Bill

The Senate passed a $607 billion defense policy bill Tuesday in a 91-3 vote, following the House’s 370-58 approval of the same bill last week, The Hill newspaper reported Tuesday. Jordaine Carney writes House and Senate negotiators trimmed about $5 billion from the 2016 Defense Authorization Act‘s original version in order to comply with a two-year budget agreement between Congress and the White House…
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Rockwell Collins CEO Kelly Ortberg Named Board Chairman; Anthony Carbone Comments

Rockwell Collins (NYSE: COL) CEO Kelly Ortberg has taken the additional role as chairman of the aviation technology maker’s board of directors. Former Chairman Anthony Carbone will transition into the lead independent director position with the board, Rockwell Collins said Wednesday…
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CSC Obtains FedRAMP Certification for PaaS Cloud Offering; Red Hat’s Paul Smith Comments

Computer Sciences Corp. has received a Federal Risk and Authorization Management Program certification for the company’s ARCWRX cloud computing technology. CSC said Tuesday this is the second FedRAMP certification for the platform-as-a-service ARCWRX, which is based on Red Hat’s OpenShift and resides on CSC’s ARC-P platform…
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France Requests $650M Lockheed C-130J Transport, Refueling Aircraft Sale

The State Department has approved France’s request to purchase four Lockheed Martin-built (NYSE: LMT) transport planes and tankers from the U.S. government under a $650 million foreign military sales agreement…
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Finland to Buy $150M in Lockheed-Built Launch Systems, Warhead Rockets

The State Department has Finland’s request to purchase Lockheed Martin-made guided multiple launch rocket systems and alternative warhead rockets under a $150 million foreign military sales agreement with the U…
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CBO: Federal Deficit Down $44B in Fiscal 2015

The Congressional Budget Office reported the U.S. budget deficit in fiscal year 2015 ended Sept. 30 was approximately $439 billion, below the $483 billion shortfall recorded at the end of fiscal 2014…
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IBM’s Jimmy Norcross: Pentagon’s ‘Better Buying Power’ to Promote Agile Acquisition

A new report by the IBM Center for the Business of Government says the Defense Department’s Better Buying Power program can be implemented across government agencies to advance agile procurement processes, expand partnerships with industry and further build up services acquisitions…
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