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Ross Wilkers

February 5 Market Close: GovCon Index Tumbles 1%, S&P Down 2% on Tech Losses & Jobs Data

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The GovCon Index tumbled back into a correction Friday at a decline of 1.349 percent to 70.204 as U.S. investors reacted to the latest jobs report with a view toward whether the Federal Reserve would raise interest rates again this year. For the week, the Index posted a decline of …

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February 4 Market Close: GovCon Index Narrowly Exits Correction on CACI Guidance Lift, Cubic & Maximus 1Q Misses Weigh

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The GovCon Index held in positive territory in choppy trade Thursday with a nominal gain of 0.109 points to 71.005 held up large jumps in the share prices of government services contractor CACI International (NYSE: CACI), satellite provider Intelsat (NYSE: I) and armored truck maker Navistar International (NYSE: NAV). With …

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Arlington Capital Partners Strikes Potential $45M Deal for iRobot Defense Segment

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Washington-based private equity firm Arlington Capital Partners has agreed to purchase the defense and security business segment of robotics technology maker iRobot (Nasdaq: IRBT) for up to $45 million as the latter company continues on its realignment toward the consumer market. Bedford, Mass.-based iRobot said Thursday both companies expect to …

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CACI Lifts FY 2016 Guidance on NSS Buy, Posts 23% Profit Jump for 2Q to Top Street Estimate

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CACI International (NYSE: CACI) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has adjusted its fiscal year 2016 guidance to reflect the company’s $550 million acquisition of the former L-3 Communications (NYSE: LLL) national security solutions segment that closed Tuesday. The Arlington, Va.-based government services contractor …

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February 3 Market Close: GovCon Index Holds in Correction Despite Gain, US Stocks Turn Around AM Decline

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The GovCon Index turned around steep losses from morning trade Wednesday to end at a gain of 0.425 points to 70.769, a close that keeps the Index in a correction, or 10 percent off its most recent high. U.S. stocks rode a late increase in oil prices and gains by …

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February 2 Market Close: GovCon Index Falls 2% on Harris Revenue Forecast Cut, Oil Declines Weigh on US Markets

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The GovCon Index slumped back into a correction — at least 10 percent down from its most recent high — Tuesday with a decline of 2.124 percent to 70.226 spurred by Harris Corp.‘s (NYSE: HRS) move to cut projected revenue for the company’s 2016 fiscal year. Shares of Harris plummeted 9.78 percent after the …

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Harris Lowers FY 2016 Revenue Outlook on Energy Price Declines, Lifts Earnings Guidance Despite 2Q Loss

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Harris Corp. (NYSE: HRS) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has cut revenue guidance for its 2016 fiscal year on global declines in oil prices that have affected the company’s outlook for the CapRock remote communication services business. The Melbourne, Fla.-based communications technology manufacturer — …

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February 1 Market Close: GovCon Index Halves AM Losses, Stays Red as US Stocks End Day Mixed

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The GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive. Gains in technology shares such as Facebook and Google‘s parent …

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January 29 Market Close: GovCon Index Surges Out of Correction to End Volatile January

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The GovCon Index surged out of correction territory Friday with a gain of 2.643 percent to 71.807 which mirrored investor optimism that the Federal Reserve may slow down future interest rate hikes and a bounce-back from technology stocks. The Index ends the week at a 2.81-percent /loss and the first …

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The 2016 Wash100’s Mix of Companies, Agencies & Trade/Research Groups

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As covered here yesterday, GovCon Wire’s parent company Executive Mosaic announced its inductions for the 2016 edition of the Wash 100 — EM’s annual selection of the government contracting arena’s most influential voices. These 100 individuals were chosen by EM’s editorial and organizational leadership as the executives and other leaders …

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