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Stock Market & Financial Investment News

News Breaks
January 16, 2014
07:04 EDTCSC, MANT, BAH, CACIFederal contracts dropped sharply last year, NY Times reports
The value of federal contracts awarded to private companies sank about 11% during the government's last fiscal year ended September 30, according to The New York Times. During that fiscal year, however, the government still awarded $460B in such contracts, the newspaper noted. Reference Link
News For BAH;CSC;CACI;MANT From The Last 14 Days
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September 1, 2015
10:04 EDTCSCOn The Fly: Analyst Upgrade Summary
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09:16 EDTCSCCSC upgraded to Overweight from Equal Weight at Barclays
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08:14 EDTCSCCSC acquisition positive, says SunTrust
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August 31, 2015
16:53 EDTCSCCSC to combine government services unit with SRA
CSC announced that it has entered into a definitive agreement to combine its government services unit, Computer Sciences Government Services, with SRA upon the spin-off of that unit, plans for which were announced in May. SRA is owned by a shareholder group led by Providence Equity Partners and SRA's founder, Dr. Ernst Volgenau, as well as members of its management team. The transaction with SRA is targeted to close before the end of November 2015, upon the separation of CSC's government services unit. That separation is intended to qualify as a tax-free transaction to CSC shareholders. The combined company, to be named prior to closing, will become the largest pure-play IT services provider serving the U.S. government sector, with combined FY15 revenues of approximately $5.5B, nearly 19,000 employees and among the industry's leading profit margins. Mike Lawrie will serve as Chairman of the Board of the combined company. Lawrence Prior, executive vice president and general manager of CSC's North American Public Sector unit, will be CEO of the company upon completion of the spin-off and transaction with SRA. Additional members of the new company's management team drawn from both companies will be named at later dates as the integration planning progresses. The headquarters of the combined company is expected to remain in Northern Virginia.
12:31 EDTBAHBooz Allen unit selected as prime contractor on $199M IDIQ contract
Booz Allen Hamilton Engineering Services, LLC, a wholly-owned subsidiary of Booz Allen Hamilton, announced that it has been selected by the Space and Naval Warfare Systems Center Atlantic to be a prime contractor on the $199M Indefinite Delivery/Indefinite Quantity, Multiple Award Contract, with a period of performance of one base and four option years. The SPAWARSYSCEN Atlantic Air Traffic Control Sub-Portfolio engineering projects under this contract will support SPAWARSYSCEN Atlantic in support of the safe, orderly, and expeditious flow of air traffic through engineering design, research, budgeting, scheduling, management, procurement, evaluation, software support, integration, maintenance, certification, testing, training, configuration management, and logistics support for, but not limited to, the following programs: ATC, Meteorology and Oceanography, United States Antarctic Program, Naval Flight Information Group Terminal Instrument Procedures Program, and the U.S. Air Forces Central programs, systems, and equipment. Booz Allen Hamilton Engineering Services' role is to provide ATC and aviation command and control engineering and subject matter expertise. Booz Allen ES will also deliver specialized ATC engineering, technical and integration support, configuration data management, and systems maintenance for a broad range of complex ATC, METOC, and aviation command, control, communications, computers, combat, intelligence surveillance, and reconnaissance systems.
08:32 EDTCSCCSC team wins FAA cloud services contract at more than $108M
CSC (CSC) announced that the FAA awarded its team, including Amazon (AMZN) Web Services, Microsoft (MSFT) Azure and other strategic business partners, a contract to deliver cost-effective cloud services, data center consolidation and cloud migration capabilities. This single-award indefinite-delivery/indefinite-quantity contract is valued at roughly $108.99M with the potential to reach $1B over 10 years. Under the contract, CSC's team will consolidate FAA data centers and migrate FAA data and systems to a hybrid cloud environment. The team will use the CSC Agility Platform cloud management tool to orchestrate efficient cloud deployment while leveraging alliance partners for data and cloud services.
August 25, 2015
08:02 EDTCACICACI awarded $28M task order contract to support U.S. Army's RDECOM
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August 19, 2015
14:31 EDTBAHBooz Allen selected as prime contractor for $500M HHS contract
Booz Allen Hamilton has been selected by the U.S. Department of Health and Human Services as a prime contractor for the $500M Program Support Center Indefinite Delivery Indefinite Quantity contract. The award encompasses a five-year base contract, with one five-year option, giving it the potential to run until March 2025.

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