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Symantec to Buy Web Security Firm Blue Coat for $4.65B; Dan Schulman Comments

Symantec (Nasdaq: SYMC) has agreed to purchase Sunnyvale, California-based security and network technology provider Blue Coat Inc. for approximately $4.65 billion cash in an effort to help protect government and enterprise customers from cybersecurity threats…
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Former NASA Chief Dan Goldin Launches Neural Tech Company Called KnuEdge

Dan Goldin, a former NASA chief, launched a new San Diego, California-based company called KnuEdge that provides information technology and services for aerospace, banking, healthcare, hospitality and insurance industries…
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GSA Requests Feedback on Cybersecurity Service Procurement via IT Schedule 70

The General Services Administration seeks feedback from industry and other stakeholders regarding the selling process for cybersecurity services through IT Schedule 70. According to a notice published Wednesday on FedBizOpps, the request for information aligns with President Barack Obama’s mandate on the Cybersecurity National Action Plan…
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Former Engility SVP Michael Dallara Joins Sevatec as COO; Balan Ayyar Comments

Sevatec has appointed Michael Dallara, formerly an Engility (NYSE: EGL) senior vice president, as the technology services company’s chief operating officer. Dallara will manage business operations as COO and help in the growth and expansion efforts of the company, Sevatec said Wednesday…
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Buchanan & Edwards to Build Offline Client Tech for Marine Corps Recruitment IT System

Buchanan & Edwards has won a potential three-year, $19.5 million  contract from the U.S. Navy to develop and implement an offline client technology for a recruiting information support system for the U…
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Advanced Acoustic Concepts to Help Maintain Littoral Combat Ship Mission Software

The U.S. Navy has awarded Advanced Acoustic Concepts a $27.5 million contract modification to support the mission software package for Littoral Combat Ships. AAC will help the Navy fabricate, test, install, trouble shoot and maintain LC mission modules, the Defense Department said Friday…
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House Panel OKs $22B Financial Services, General Government Funding Bill

House Appropriations Committee members have cleared a bill that would provide $21.7 billion to fund operations of the Treasury Department, the Securities and Exchange Commission, the Small Business Administration and U…
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DSS-SSL Team Helps NASA Develop Space-Based Solar Array Tech

NASA has partnered with Deployable Space Systems and Space Systems Loral to develop solar cell structures designed to power government space vehicles or commercial communications satellites. Roll Out Solar Array will work to convert the sun’s rays into energy that could drive ion thrusters of solar electric propulsion spacecraft for NASA’s Asteroid Redirect Mission and other deep-space exploration programs, the agency said Thursday…
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June 13 Morning Report: GCI Posts 4th Straight Weekly Gain on Strong Defense Contractor Stocks

The GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase. Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) helped drive the Index’s climb…
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