Industry News

Private sector construction projects have raised spending in the industry to its highest level in five years, the Commerce Department told Reuters Thursday. Lucia Mutikani writes the one percent annual rate increase brought construction spending to $934.4 billion despite the drop in federal, state and local government projects. Spending for private construction projects rose 2.2 […] More

CEO Mike Gregoire says CA Technologies wants to be known as the leading provider of mainframe computing software, which currently accounts for half of the company’s revenues, Times of India reported Friday. Shilpa Phadnis writes Gregorie told the Indian publication in an interview that CA continues to invest in virtualization platforms and intends to focus […] More

Booz Allen Hamilton rang the opening bell at the New York Stock Exchange on Thursday to kick off a year-long celebration to honor the company’s 100th anniversary. The management and technology consulting firm was founded by Edwin Booz in 1914 and has worked with clients such as the U.S. Navy, American Red Cross and NASA, […] More

Astrium has won a $266 million contract to help the European Space Agency run and exploit the International Space Station’s European components in an effort to enhance functions of ESA’s space laboratory. The contract covers a $60 million spare parts purchase and Astrium will work to develop services for maintaining the European Columbus space laboratory, […] More

General Dynamics’ Electric Boat subsidiary has signed a new lease agreement with real estate firm Quonset Development Corp. to add nearly 42 acres to the existing 100 acres of leased space at Quonset business park in Rhode Island. QDC’s board of directors approved the 25-year agreement as Electric Boat seeks to meet the U.S. Navy’s submarine program […] More

Jacobs Engineering Group has acquired Australian professional services company Sinclair Knight Merz for $1.2 billion in an effort to expand in various regions, the Los Angeles Times reported Monday. Stuart Pfeifer writes that Jacobs anticipates its annual revenue to grow by 10 percent due to the transaction. Craig Martin, Jacobs CEO, told the newspaper the company […] More

A new Gallup and Wells Fargo survey indicates nearly half of U.S. small business owner respondents claim they feel the same way about their companies’ outlook as they did at end of the previous year, the Washington Post reported Wednesday. J.D. Harrison writes about a quarter or 23 percent of the 600 employers surveyed are […] More