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January 20 Market Close: GovCon Index Inches Gain, US Stocks Pare Advances After Trump Inaugural Speech

Executive Mosaic’s GovCon Index held higher Friday to post a weekly advance on boosts from from blue chip stock McKesson Corp. (NYSE: MCK) and aerospace company Rockwell Collins (NYSE: COL) after a first quarter earnings. U.S. stocks sharply pared their gains after now President Donald Trump’s inaugural speech as uncertainty set in equity markets on uncertainty …

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January 19 Market Close: GovCon Index Lifted by Platform Maker Gains Against Red Majority Ahead of Inauguration

Executive Mosaic’s GovCon Index closed higher Thursday as gains by large defense platform and product makers helped offset declines by a majority of the GCI’s 30 stocks with mid-tier prime contractors and government services providers in red. U.S. stocks traded lower by comparison with real estate the largest drag on equities in the …

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January 17 Market Close: GovCon Index Down on Shipbuilder Declines, Financials Drive S&P 500 Lower

Executive Mosaic’s GovCon Index tumbled Tuesday on declines from major military shipbuilders and defense technology makers as U.S. stocks traded lower with a 2.28-percent decline by financial shares the main contributor after a three-day weekend for equity markets. GovCon Index laggards outnumbered advancers by an 9-to-1 ratio and overall top performer McKesson Corp. (NYSE: MCK) was the …

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Boeing-Bell JV Lands $139M Contract Modification for Japan MV-22 Aircraft Engineering Services

A joint venture of Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell Helicopter  subsidiary has secured a $138.6 million delivery order modification for non-recurring engineering services to support the integration of Japan’s configuration into the MV-22B Block C aircraft and MV-22 containerized flight training device. Bell-Boeing Joint Project Office will also support the development, qualification test, …

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Lockheed CEO: New Deal to Cut Costs on Next F-35 Line ‘Close’

Lockheed Martin (NYSE: LMT) is “close to a deal” on a new contract that would “significantly” bring down costs of the next line of F-35 fighter jets and add 1,800 new jobs at its Fort Worth, Texas facility that houses production, the company’s chief executive said Friday after a meeting with President-elect …

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January 12 Market Close: GovCon Index Down, Lockheed Extends Drag Over Investors’ Continued F-35 Focus

Executive Mosaic’s GovCon Index fell for a second straight session Thursday on continued declines by large aerospace and defense primes as U.S. stocks also tumbled with earnings season at the forefront of investor attention. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and two of its 11 S&P 500 components …

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Boeing Insitu Gets $71M Navy Contract Modification for Blackjack UAS Production

Boeing‘s (NYSE: BA) Insitu subsidiary has been awarded a $70.8 million contract modification to build and deliver six RQ-21A Blackjack unmanned aircraft systems to the U.S. Navy and Marine Corps. The modification exercises an option on a previously awarded firm-fixed-price contract and covers lot 1 full-rate production work as well as systems engineering …

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Boeing to Help Integrate Navy EA-18G Jammer Pods Under $308M Contract Modification

Boeing (NYSE: BA) has received a $308.3 million contract modification from the U.S. Navy to support the engineering change proposal integration of jammer pods onto EA-18G Growler aircraft. The Defense Department said Thursday the company will provide necessary equipment for system integration laboratories; design and manufacture 12 ECP 6472 A kits; and integrate, demonstrate and …

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December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

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December 28 Market Close: GovCon Index Falls, Primes Lead Losses

Executive Mosaic’s GovCon Index tumbled Wednesday on notable declines by large defense and government services primes as U.S. stocks also fell with every major sector in negative territory to damper hopes of a Dow Jones Industrial Average close above 20,000 before the year’s end. Two out of 30 GovCon Index stocks gained …

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