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Tag Archives: BAE

August 29 Morning Report: GovCon Index Posts Friday, Weekly Loss on Federal Reserve’s Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price stability has strengthened the case for another interest rate hike potentially next …

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August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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Bloomberg: BAE COO Charles Woodburn to Start Preparations for CEO

Bae systems logo_ExecutiveBiz

BAE Systems PLC Chief Operating Officer Charles Woodburn will start a series of meetings with clients and suppliers sometime in October or November as part of preparations to succeed Ian King as CEO of the British defense contractor, Bloomberg reported Wednesday. Benjamin Katz and David Hellier report that Woodburn will assume a bigger role with outside stakeholders while King will …

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August 15 Morning Report: GovCon Index Posts Loss on Retail, Manufacturing Data

GovConIndexDOWN

Executive Mosaic’s GovCon Index closed Friday down 0.148 points to 82.467 to end the week with a 0.315-point loss. The Index mirrored the larger U.S. market as the retail sales report for July showed no change from the previous month and manufacturing data fell below analyst expectations. Four of GCI’s S&P 500-listed stocks posted gains …

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August 12 Market Close: GovCon Index Falls, Ends at Weekly Loss

GovConIndexDOWN

Executive Mosaic’s GovCon Index turned downward Friday to end at a weekly loss as U.S. stocks also held negative after July’s retail sales report showed no change from the previous month and new manufacturing data also fell below economists’ expectations. For the week, the Index registered a 0.315-point decline mainly on the Wednesday plunge by …

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State Dept Approves Saudi Arabia’s $1.15B Request for US Abrams Tanks, Ground Vehicle Recovery Systems

ABRAMS M1A1 MAIN BATTLE TANK

The State Department has approved Saudi Arabia’s request to purchase $1.15 billion in General Dynamics-built (NYSE: GD) Abrams battle tanks along with a suite of ground vehicle recovery systems from the U.S. government under a foreign military sales agreement between both countries. Twenty of the total 153 M1A2S Abrams tanks covered under …

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BAE’s US Arm Names Stephen Hyde Global IT Business VP, Bijon Ray Finance VP for Intell Sector

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Stephen Hyde, former vice president and account manager for intelligence at CSRA (NYSE: CSRA), has joined BAE Systems’ U.S. subsidiary as VP and general manager of the global information technology solutions business within the intelligence and security sector. “Stephen has a track record of achieving growth by winning new business and maximizing the …

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BAE Chosen for $245M UK Combat Ship Fires System Contract

Bae systems logo_ExecutiveBiz

BAE Systems has received $245 million contract from the U.K.’s ministry of defense for the acquisition of a gun system to be integrated on the country’s global combat ship fleet. BAE said Thursday it will provide three Maritime Indirect Fires System integrated gunnery systems that includes a 62-caliber Mk 45 Mod 4 Naval Gun System as …

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July 27 Market Close: GovCon Index Gets Lift on CGI, GD & Boeing Earnings Beats

GovConIndexUP

Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as the latter stock market bellwether attempted a late charge into …

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BAE to Enter Potential 10-Year $3B Partnership for UK Typhoon Fleet Support

RAF 6 Squadron Eurofighter Typhoons on Exercise Bersama Lima 11 in Malaysia

BAE Systems will sign a potential 10-year, $2.8 billion agreement with the U.K.’s ministry of defense to support the country’s Typhoon fleet in partnership with the U.K. air force and Leonardo-Finmeccanica. BAE Systems said Tuesday the formal Typhoon Total Availability Enterprise agreement will establish a single program to consolidate contracts with suppliers across Europe and build …

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