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Boeing to Support Air Force F-15 Supply Chain Under $371M Contract Modification

Boeing (NYSE: BA) has secured a potential $371.2 million contract modification from the Defense Logistics Agency to provide performance-based supply chain support for the U.S. Air Force‘s F-15 aircraft fleet. The Defense Department said Wednesday the sole-source contract contains a five-year base period that will run through March 14, 2022, and one five-year unpriced …

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Boeing Gets $3.3B FMS Contract Modification to Build Apache Helicopters, Crew Trainers for Saudi Arabia

The U.S. Army has awarded Boeing (NYSE: BA) a five-year, $3.28 billion contract modification to produce lots 7 to 11 of AH-64E Apache attack helicopters for Saudi Arabia as part of a foreign military sales deal. The Defense Department said Wednesday the company will also provide remanufactured and new build AH-64Es and Longbow crew trainers; peculiar …

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ACT I Names Corey Gomez to Senior Contract Project Manager Post

Corey Gomez, a program manager at Advanced Concepts and Technologies International, has been appointed to serve as a senior contract project manager at ACT I to oversee the company’s multiple Defense Department contracts. ACT I said in a press release that Gomez will continue to offer more than 16 years worth of …

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March 1 Market Close: GovCon Index, US Stocks Climb to New Records on Trump Speech & Rate Hike Chatter

Executive Mosaic’s GovCon Index closed at an all-time high Wednesday for the second time in three sessions as U.S. stocks also extended their record-setting rally in their best one-day performance of 2017 so far with the S&P 500 composite index above 2,400 for the first time during intraday trade after President Donald …

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February 28 Market Close: GovCon Index, US Stocks Hold Lower Ahead of Trump Address

Executive Mosaic’s GovCon Index and U.S. stocks fell Tuesday at their worst one-day declines over the past month as investors looked ahead to President Donald Trump’s speech before a joint session of Congress at 9:00 p.m. Eastern time for further clues on his economic agenda that has included promises of tax cuts, deregulation …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

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February 21 Market Close: GovCon Index Hits 5th Straight Record Close, Wal-Mart Sales Beat Lifts US Stocks

Executive Mosaic’s GovCon Index climbed to a record close for a fifth straight session Monday with Boeing (NYSE: BA) the main contributor along with mid-tier aerospace gains as U.S. stocks also pushed to new all-time highs after Wal-Mart reported quarterly sales above Wall Street’s forecasts. GovCon Index advancers outnumbered decliners by a 9-to-1 …

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Darren Edwards Rejoins Boeing as Australia Defense Business VP, Managing Director

Darren Edwards, formerly general manager of Salentis‘ operations in Australia and New Zealand, has been named vice president and managing director of Boeing‘s (NYSE: BA) defense business unit in Australia. Edwards replaces Ken Shaw, who transitioned to a new role as VP of supply chain for Boeing’s global services business, and will also serve as …

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February 21 Morning Report: GovCon Index Posts 5th Straight Record Close

Executive Mosaic’s GovCon Index ended the week with a five-day advance of 2.72 percent and extended its current stretch of positive movement to three trading weeks. Huntington Ingalls Industries (NYSE: HII) was the top net performer among S&P 500 companies in the GCI while Boeing (NYSE: BA) was one of the best gainers listed in both indices. Stocks of Boeing, HII, …

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