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...

ATK, Orbital Delay Expected Merger Closure Date to February

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ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) have delayed their expected closure date for the spinoff of ATK’s sporting group and the merger between Orbital and ATK’s aerospace and defense groups to February. The companies said Monday they have also rescheduled their stockholder meetings to Jan. 27, 2015 from the previous announced date of Dec. 9, 2014 for ATK stockholders to decide...

November 17 Market Close: GovCon Index Kicks Week Off With Small Loss

GovConIndex
The GovCon Index started the new trading week with a Monday close of 68.753 — a decline of 0.247 percent, or 0.169 points. Stocks on the three major market indices remained level as well in a day that saw reports surface of Japan’s extended recession and a decrese in small-cap shares, according to Bloomberg’s market summary. Bloomberg also cited U.S. economic data that showed a...

November 11 End of Day Report: GovCon Index Stays Level With Monday’s Close

GovConIndex
The GovCon Index closed Tuesday at 68.348 — a tiny increase of 0.154 percent, or 0.105 points. Bloomberg said in its market summary that Tuesday’s trading day saw the three major stock indices record a fifth consecutive day of gains on the back of increases by homebuilder shares. The S&P 500 composite index ended Tuesday’s trading day with a 0.1-percent increase to 2,039.75...

November 3 Morning Report: GovCon Index to Open at 68.417

GovConIndex
The GovCon Index closed Friday at 68.417, up 0.714 or 1.033 percent. Market indicators ended the month of October on a high Friday, with the Dow Jones industrial average adding 195.10 points (1.1 percent) to end at 17,390.52, according to a Market Watch report. Standard & Poor’s 500 gained 23.40 points, or 1.2 percent, to close at 2,018.05, and the Nasdaq composite gained 64.60 points (1.4...

ATK 2Q 2015 Revenue Jumps 11%, Aerospace and Defense Groups Record 3% Increases

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ATK (NYSE: ATK) has announced the financial results for the second quarter of its 2015 fiscal year, which ended on Sept. 28, 2014. The Arlington, Virginia-based aerospace and defense contractor reported an 11-percent increase in revenue from the prior-year quarter, a 2.1-percent increase in profit and an uptick in sales for all three of its business groups. Revenue for the aerospace group rose 3.1...

October 17 Morning Report: GovCon Index Up Slightly at Market Close

GovConIndex
With mixed market results, the GovCon Index closed slightly up by 0.359 points — or 0.569 percent — to 62.777. The S&P 500 closed flat at 1,862.76 as the energy sector lead gains for that index. The Dow Jones Industrial Average slipped 24.5 points, or 0.2 percent, to 16,116.24 and the Nasdaq Composite ticked up 2 points to 4,217.39.   Top Percentage Gainers Company Stock...

David Thompson: Orbital-ATK Deal Could Close in January

David Thompson
David Thompson The planned merger of Orbital Sciences (NYSE: ORB) with ATK‘s (NYSE: ATK) aerospace and defense groups could close in January if the companies receive regulatory approvals for the deal during the December holiday season, Orbital CEO David Thompson said Thursday. Thompson also said that transition teams from both companies are “continuing to target the end of the calendar...

October 7 Morning Report: GovConIndex Down on Mixed Day of Trading

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The U.S. stock market closed Monday trading lower. The GovConIndex fell 0.289, or 0.450%, to 64.535. Many investors remain uncertain about the outlook for stocks as they wait for the beginning of the earnings season.   Top Percentage Gainers Company Closing Price Change %Change CGI Group Inc 34.52 0.55 1.62% Exelis Inc. 17.10 0.20 1.18% Intelsat 16.60 0.16 0.97% BAE Systems 29.72 0.28 0.95% ATK 127.17 0.76 0.60%   Market...

Bill Kasting: ATK Continues to Provide Anti-Radiation Guided Missile to Navy

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ATK (NYSE: ATK) has won a $96.2 million contract to produce the third lot of advanced produce anti-radiation guided missile system for the U.S. Navy and the branch’s allies. ATK will also kick off the third full-rate production of the captive air training missiles for the U.S. Navy and Italian Air Force, the company said Monday. “We look forward to continuing to provide this critical weapons...