November 26 Market Close: GovCon Index Extends Climb With Push From Cubic

GovConIndex
The GovCon Index continued its week of gains into a third straight day as it closed at 70.507 — a 0.35 percent increase from Tuesday. Cubic Corp. (NYSE: CUB) was the largest gainer for the Index as the company said in its earnings release it set a new quarterly revenue record. Reuters cited technology stocks as drivers of increases across the stock market and energy shares as a pressure on...

Cubic Sets Revenue Record in 4Q 2014, Records 3% Hike for Full Fiscal Year

CubicLogo
Cubic Corp. (NYSE: CUB) has announced financial results for its fourth quarter and full 2014 fiscal year ended Sept. 30, 2014. The San Diego-based defense and transportation technology contractor reported a 3-percent increase in revenue to $1.398 billion for the full year and a 16-percent jump to a record figure of $396.4 million for the quarter. Cubic also reported a record profit for the fourth...

November 24 Market Close: GovCon Index Starts Thanksgiving Week With Increase

GovConIndex
The GovCon Index kicked off the week of Thanksgiving with a Monday close of 70.122 — up 0.74 percent from Friday’s trading day. According to Bloomberg, investors reacted with confidence to data that signals growth in the U.S. services sectors and consumer confidence, as well as the Chinese central bank’s move last week to cut interest rates. Bloomberg also estimates that profit...

November 21 Market Close: GovCon Index Up as Investors React to China, Europe Moves

GovConIndex
The GovCon Index ended the last full trading week before this year’s Thanksgiving holiday with a modest gain of 0.687 percent Friday to close at 69.600. According to the Wall Street Journal, U.S. stocks made gains that reflected how investors reacted to comments from the European Central Bank’s chief that its stimulus program could grow in an effort to jump-start growth. China’s...

November 20 Market Close: GovCon Index Stays Flat, US Stocks Rise

GovConIndex
The GovCon Index recorded a nominal increase Thursday to close at 69.118 — 0.005 percent up from Wednesday. Bloomberg reported that energy and small-cap shares drove gains across the U.S. stock market Tuesday, increases that offset investors’ worries over weak growth worldwide. A purchasing managers’ index for factories and services activity in the Eurozone reached its lowest...

Louis Addeo, ManTech EVP, to Retire at Year’s End

Louis Addeo
Louis Addeo Louis Addeo, executive vice president of corporate development and strategic acquisitions at ManTech International (NASDAQ: MANT), plans to retire from the company on Dec. 31. He informed the company of his plans Monday, according to a Securities and Exchange Commission filing. The news was first reported by Jill Aitoro of the Washington Business Journal. Addeo has held his current role...

Patrick Antkowiak Promoted to CTO, Corporate VP at Northrop

Patrick Antkowiak
Patrick Antkowiak Patrick Antkowiak, formerly a vice president and general manager at Northrop Grumman‘s (NYSE: NOC) electronic systems sector, has been promoted to chief technology officer and a corporate VP by the company’s board of directors with immediate effect. The company said Thursday that Antkowiak, a 33-year Northrop veteran, will develop and oversee the company’s technology...

November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

GovConIndex
The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115. Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over medium-term inflation, CNBC reported. Fed members expect inflation to...

Next Year’s Sequester the Focus at Potomac Officers Club’s ‘FY 15 Budget & Procurement Summit’

POClogo
The continuing resolution currently in place that expires on December 11 and the role of research and development work in that effort were the key points of focus Wednesday at the Potomac Officers Club‘s “FY 15 Budget & Procurement” summit Wednesday in McLean, Virginia. An audience of executives from the GovCon and government communities heard from several of their peers from...

November 18 Market Close: GovCon Index Rises as Traders Find Positivity From Japan, Europe

GovConIndex
The GovCon Index rose 0.9 percent during Tuesday’s trading day to close at 69.350. ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) recorded the largest increases among listed companies as both firms said Tuesday they will continue to pursue the two-part transaction that sees ATK’s sporting group become an independent company and Orbital acquire ATK’s aerospace and defense businesses. Many...