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Ross Wilkers

August 27 Market Close: GovCon Index, US Stocks Extend Rebound on GDP & Job Data

GovConIndexUP

The GovCon Index extended its recovery to a second consecutive day on Thursday with a gain of 1.326 percent to 72.815. Overall, the Index has regained 4.59 percent of its losses from the recent six-day stretch of declines that mirrored larger U.S. market downturns. Economic data that showed U.S. gross domestic product ...

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August 26 Market Close: GovCon Index Up 3%, 6-Day Decline Streak Over

GovConIndexUP

A six-day stretch of consecutive declines came to an end for the GovCon Index Wednesday as it recorded a gain of 3.208 percent to 71.862. Non-Index company Oshkosh Corp. (NYSE: OSK) closed up 6.67 percent a day after the Army announced the Wisconsin-based military vehicle maker beat Lockheed Martin (NYSE: LMT) and ...

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Army Picks Oshkosh for $7B Joint Light Tactical Vehicle Contract

Humvee

Oshkosh Defense has won a much-anticipated potential $6,749,799,374.25 contract to build armored vehicles for the U.S. Army‘s Joint Light Tactical Vehicle program, the service branch’s initiative to replace the Humvee for itself and the Marine Corps. The Army said Tuesday it expects low-rate initial production of the JLTV to start in fiscal year 2016 and ...

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August 25 Market Close: GovCon Index Gives Back AM Gains, Nears Correction Territory

GovConIndexDOWN

The GovCon Index‘s streak of declines extended to a sixth consecutive day Tuesday with a gain of 1.297 percent to 69.628 as U.S. stocks also plummeted late in the trading session. GovCon Index and GovCon Wire parent company Executive Mosaic has determined the Index to officially be near correction territory — 10 percent down from ...

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August 24 Market Close: GovCon Index Sets One-Day Record for Decline, S&P 500 in Correction

GovConIndexDOWN

The GovCon Index recorded its largest-ever one-day decline Monday — down 3.376 percent to 70.547 — in conjunction with a continued selloff in global markets on fears of an economic slowdown in China. All 30 Index companies closed in negative territory and the composite value is down 8.7 percent from its most recent three-month ...

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August 24 Midday Special Report: GovCon Index Reflects Global Selloff, Near 3% Decline

GovConIndexDOWN

The GovCon Index felt the effects of a global selloff Monday and sat at a decline of 2.689 percent to 71.049 as of 11:50 a.m. Eastern time with all 30 Index companies in negative territory. Worries over a potential slowdown in China’s economy has triggered large-scale declines in worldwide stock markets over the recent ...

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August 21 Market Close: GovCon Index, US Stocks Continue Tumble on China Worries & Commodity Plunge

GovConIndexDOWN

The GovCon Index continued to reflect larger declines in U.S. and global stock markets Friday as it closed at a loss for the fourth consecutive day — down 2.783 percent to 73.012. Serco Group — the parent company of North American government contractor Serco Inc. — closed up 4.89 percent to $1.93 and was ...

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Weekly Roundup Aug 17 – Aug 21 2015: Sequestration Discussion Resurfaces, American Systems’ Latest Acquisition & more

CapitolDome

Weekly Roundup Aug 17 – Aug 21 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The specter of potential sequestration cuts in fiscal year 2016 — which starts Sept. 30 — surfaced again this week in a letter signed by all 46 Democratic ...

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August 20 Market Close: GovCon Index, US Stocks Fall as Traders Cut Odds on September Rate Hike

GovConIndexDOWN

The GovCon Index deepened its current streak of losses into a third consecutive day with a decline of 2.156 percent to close at 75.104. Three Index stocks out of 30 closed in positive territory: Maximus (NYSE: MMS), ICF International and Booz Allen Hamilton (NYSE: BAH). Concerns over global growth amid China’s yuan devaluation, ...

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HHS Awards 124 Spots on Potential $500M Program Support Center Services IDIQ

software

The Department of Health and Human Services has awarded positions on a potential 10-year, $500 million contract to 124 companies — 62 large businesses and 62 small businesses — for support services to the HHS-hosted Program Support Center. The indefinite-delivery/indefinite-quantity contract contains a base period of five years with an option to extend for ...

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