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

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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

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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...

ATK Receives $220M in Cannon System Orders From U.S. Allies; Mike Kahn Comments

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ATK (NYSE: ATK) has secured contracts worth $220 million combined to deliver medium-caliber cannons and product lifecycle services to defense customers in U.S. partner nations. The company’s Automatic Cannons are designed to operate with ground, maritime and aerial weapon platforms, ATK said Monday. “Providing defensive weapons systems and support services to our country’s allies...

Lockheed Awards ATK contract to provide UltraFlex Solar Arrays for Mission to Mars

ATK announced that the company has received a contract from Lockheed Martin Space Systems to provide the UltraFlex solar arrays for NASA’s InSight Lander mission to Mars in 2016. The mission aims to study the origins of what shaped the planets of the inner solar system, including Earth, more than four billion years ago. David Shanahan, vice president and general manager of ATK’s Space...

ATK to Develop US Army Air Platform, Training Ammo; Dan Olson Comments

ATK (NYSE: ATK) has been awarded a set of contracts worth more than $112 million combined to develop medium- and large-caliber ammunition systems for arm air platforms and crew training programs. The U.S. Army will use the ammunition to arm its A-10, Apache attack helicopter and the AC-130 gunship fleets and to train crews on how to operate the Apache and Abrams battle tank, ATK said Wednesday. “Developing...

Jay Tibbets: ATK to Supply Army With Sniper Rifle Ammo

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ATK (NYSE: ATK) has won a five-year indefinite-delivery/indefinite-quantity contract worth up to $20 million to provide the U.S. Army with .300 Winchester Magnum ammunition for the M2010 sniper rifle. The company said Monday it will produce Mk248 Mod 0, 190-grain and Mk248 Mod 1, 220-grain rifle ammunition as part of the delivery order from the U.S. Army Contracting Command – Rock Island. “We...

Orbital Sciences, ATK’s Aerospace & Defense Groups to Merge in $5B Deal

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Orbital Sciences Corp. (NYSE: ORB) has agreed to merge with ATK‘s (NYSE: ATK) aerospace and defense groups in an approximately $5 billion transaction to create a combined company that will operate as Orbital ATK once the deal completes. In separate releases from ATK and from Orbital, the companies said Monday that they expect to complete the merger by the end of calendar year 2014 and is subject...

ATK Takes in $186M in International Contracts to Provide US Allies with Ammunition; Mike Kahn Comments

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Mike Kahn ATK (NYSE: ATK) will produce ammunition and provide related services to U.S. allies under a series of international defense contracts worth $186 million combined. The company said Wednesday that it will manufacture the ammunition at its U.S. facilities and perform the services on-site at customer facilities. “Partnering with our allies to help maintain their defense capabilities aligns...