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Tag Archives: BAE

January 6 Market Close: GovCon Index Nosedives as Oil, China Weigh on US Markets

GovConIndexDOWN

The GovCon Index suffered a reversal from the prior day’s gain Wednesday to close at a decline of 0.7 points — or 0.910 percent — to 76.185 as U.S. investors reacted to more oil price declines and showed continued concerns about China’s economy. The S&P 500 plunged 1.31 percent to …

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Roundup of 2015: A Year Defined by Deals Ends w/ One in Congress & more

acquisition

Roundup of 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson (This is the last edition of the Roundup for 2015. Thank you for your readership and participation, have a great Christmas & New Year’s and see you again in 2016.) $15 …

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December 9 Market Close: GovCon Index Swaps AM Gains for Sharp Loss as Investors Anticipate Rate Hike

GovConIndexDOWN

The GovCon Index plummeted from a strong morning open to close at a steep decline of 1.346 percent to 76.570 that mirrored sharp losses for U.S. markets in the afternoon session. The Index approached a 1-percent gain mid-morning before its entry into negative territory that mirrored the U.S.’ three major stock …

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L-3 Agrees on $550M Gov’t Services Segment Sale to CACI

Computer-Engineering

New York City-based defense contractor L-3 Communications (NYSE: LLL) has agreed to sell its government services business segment to Arlington, Virginia-headquartered public sector services company CACI International (NYSE: CACI) for $550 million cash, the companies said Tuesday. The companies expect the transaction to close by March 2016 pending regulatory approvals and CACI said in investor slides …

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Weekly Roundup Nov 30 – Dec 4 2015: Lockheed Presses Pause on IT Biz Separation & More

lockheed martin

Weekly Roundup Nov 30 – Dec 4 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The world’s largest aerospace and defense contractor’s message to investors and other GovCon industry observers this week on the future of its government services business can …

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Bruce Tanner: Lockheed to Extend IT-Govt Services Business Review, Eyes Decision by March 2016

lockheed martin

Lockheed Martin (NYSE: LMT) will delay a final decision on a spinoff or sale of a bulk of its information technology and government services businesses until the end of March in order to review offers from potential buyers, the company’s chief financial officer told investors Wednesday. Bruce Tanner told the Credit Suisse Industrials …

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Weekly Roundup Nov 16 – Nov 20 2015: A Post-Paris Look at the Global Arms Trade & More

MissileLaunchStock

Weekly Roundup Nov 16 – Nov 20 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Investors made a sharp turn this week to defense and other government contracting stocks after the Friday Paris attacks in anticipation of increased activity in the global weapons market. The GovCon …

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BAE Says No Sale of US Govt Manpower, Services Business

Bae systems logo_ExecutiveBiz

Britain-based defense contractor BAE Systems PLC announced in a trading update released Thursday morning it will hold onto the manpower and services business unit in the company’s U.S. subsidiary that operates as BAE Systems Inc. BAE Systems PLC said in April it would undertake a strategic review of the units that are part of the U.S. subsidiary’s intelligence …

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Weekly Roundup Nov 2 – Nov 6 2015: The Numbers Behind Record-Breaking M&A Year, CSC’s US Govt Spinoff Moves Forward & More

budget-analysis-review

Weekly Roundup Nov 2 – Nov 6 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson While government agencies continue to operate at the established levels and tightly control the dollars they have on hand, the stock market is jumping in anticipation …

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