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April 29 Market Close: GovCon Index Free Fall Deepens to Post Weekly Decline, End Positive April

GovConIndexDOWN

The GovCon Index deepened its slide Friday with a loss of 0.481 points to 76.361 that puts the GCI at a weekly decline but a sharp gain for the month of April as earnings reports for large government contractors dominated trading activity Monday through Friday. April represents the Index’s third consecutive month …

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Weekly Roundup April 25 – April 29 2016: Investors Give Mixed Signals on Contractor Stocks & more

GovConIndex

April 25 – April 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson First quarter earnings season has given investors with keen interest in the aerospace, defense and government contracting sectors a smorgasboard of items to consider as they gauge the industry’s health. …

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Raytheon Awarded $90M Air Force Contract for Multi-Spectral Sensor Platform

Raytheon AN DAS-4

Raytheon has received a $90 million contract to produce a new multi-spectral targeting system variant for the U.S. Air Force. The AN/DAS-4 MTS sensor works to provide soldiers with intelligence data derived from aerial tactical sensors to help them detect and engage airborne targets, the company said Friday. AN/DAS-4 has …

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NAVSUP Issues Solicitation for Potential $993M Wireless Telecommunications Services IDIQ

wireless communications

The Naval Supply Systems Command has issued a solicitation for a potential five-year, $993.5 million contract to continue to provide wireless telecommunications services to the Defense Department, Department of the Navy, Air Force, Army and other federal agencies. NAVSUP said in a FedBizOpps notice published Thursday the indefinitely-delivery/indefinite-quantity contract is a follow-on requirement and …

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L-3 Subsidiary Secures $200M AF Contract for Warfighter Readiness & Training Research

L-3 logo

An L-3 Communications (NYSE: LLL) division has landed a $200 million contract from the U.S. Air Force to offer warfighter readiness and training research. L-3 Link Simulation and Training will research, develop, evaluate and validate training approaches, methods, tools and infrastructure, the Defense Department said Thursday. The Air Force Research Laboratory …

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Northrop Lands $62M Option on Air Force Comms Payload Support Contract

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Northrop Grumman (NYSE: NOC) has received a $61.7 million contract modification to support battlefield airborne communication node technology for the U.S. Air Force. The modification exercises an option on a previously awarded contract for BACN payload operations and support services, the Defense Department said Thursday. BACN is designed to integrate with Northrop-built Global Hawk unmanned …

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Harris’ Exelis Unit to Provide Radar Systems Sustainment Under $73M AF Awards

HARRIS

Harris (NYSE: HRS) subsidiary Exelis has received two contract modifications with a combined value of $73.5 million from the U.S. Air Force to provide system engineering and sustainment support for two radar systems. The Defense Department said Thursday the first modification requires mission assurance and other services for the Ballistic Missile Early Warning System Pave …

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April 28 Market Close: GovCon Index Reverses Course, Plunges 1% on CACI Guidance Cut

GovConIndexDOWN

The GovCon Index had all of its Wednesday gains wiped out in Thursday trade with a sharp decline of 1.482 percent to 76.842 after a third-quarter revenue miss and guidance cut from government services contractor CACI International (NYSE: CACI). Arlington, Virginia-based CACI brought down the high ends of both its full-year …

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Ken Asbury: CACI Narrowed Guidance on Award Timing Delays in 3Q

Ken Asbury

Arlington, Virginia-based government services contractor CACI International (NYSE: CACI) narrowed revenue forecasts for its 2016 fiscal year on delays to contract awards as some bookings arrived late in its third fiscal quarter that ended in March, CEO Ken Asbury told investors Thursday. As GovCon Wire reported Wednesday, CACI cut the …

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Raytheon Posts 9% Sales Jump in 1Q on Missile Sales, Lifts Full-Year Earnings Outlook Despite 1Q Profit Decline

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Raytheon (NYSE: RTN) — listed both in Executive Mosaic’s GovCon Index and the S&P 500 — has reported higher sales for its first quarter on global demand for its weapons and lifted its full-year earnings guidance despite a year-over-year profit decline. The Waltham, Mass.-based missile maker said first quarter revenue increased 8.88 percent from the …

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