January 29 Market Close: GovCon Index Rallies 1%, Jobless Claims Dip

GovConIndexUP
The GovCon Index recovered some ground from a three-day stretch of losses Thursday with a gain of 0.868 points — or 1.191% percent — to close at 72.081. Boeing (NYSE: BA) was the index’s largest gainer at 5.8 percent or a second straight day and Northrop Grumman‘s (NYSE: NOC) stock jumped 2.16 percent after the company said profit and revenue increased in its fourth...

Report: Army, Boeing Negotiate Multiyear Contract on Apache Helicopters

ArmyLogistics
Boeing (NYSE: BA) and the U.S. Army have started negotiations over a multiyear contract for the branch’s procurement of Apache helicopters, Reuters reported Wednesday. Andrea Shalal writes the military service seeks to buy as many as 240 Boeing AH-64s between fiscal 2017 and fiscal 2021 under a deal that could be worth up to $4 billion. Col. Jeff Hager, Army’s Apache program manager, expects...

January 28 Market Close: GovCon Index Retreats, Fed Holds to ‘Patient’ Interest Rate Line

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The GovCon Index extended its current stretch of declines to a third straight day with a loss of 0.306 points — or 0.432 percent — to close at 71.223 on Wednesday. Boeing (NYSE: BA) recorded the largest gain of any index member — a nearly 5-percent increase — after the company said revenue for its 2014 fiscal year set an all-time high. Investors weighed the Federal Reserve‘s...

Boeing FY 2014 Revenue Up 5%, Full-Year Profit Jumps 19%

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Boeing (NYSE: BA) has announced financial results for both the fourth quarter and 2014 fiscal year ended Dec. 31, 2014. The Chicago-based aerospace and defense company reported a 3-percent increase in revenue for the quarter to $24.47 billion over the prior year period and a 5-percent bump for the full year to $90.76 billion over fiscal 2013 figures. Both the total revenue for the quarter and the...

Boeing Arm to Build 3 Blackjack UAS for Navy, Marine Corps

RQ-21A Blackjack
A Boeing (NYSE: BA) subsidiary has received a $41.1 million contract to produce Blackjack small unmanned aircraft systems for the U.S. Navy and Marine Corps, Intelligence Aerospace reported Monday. John Keller writes the three RQ-21A Blackjack’s sensor payload contains a visible-light imager, mid-wave infrared imager, laser rangefinder, infrared marker, communications and automatic identification...

Boeing to Provide More Radios for USAF Search & Rescue Communications; Steve Capps Comments

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Boeing (NYSE: BA) will supply the U.S. Air Force with additional Combat Survivor Evader Locator radios and modernize the communication system’s global base station network under a new contract worth $9.7 million. The company said Thursday it received an order for 336 CSEL radios as well as speed and security upgrades to support communications during combat search-and-rescue missions. “CSEL...

Reuters: US Navy Plans to Buy Tiltrotor Aircraft from Bell-Boeing

V-22-Osprey
U.S. Navy and Marine Corps officials have inked a memorandum of understanding to buy V-22 tiltrotor aircraft built by Boeing (NYSE: BA) and Bell Helicopter, Reuters reported Tuesday. Citing unnamed sources, Andrea Shalal writes the Navy plans to buy four V-22s between fiscal year 2018 and fiscal 2020 under the agreement. The Marine Corps believes the additional orders will help to reduce the production...

Boeing Subsidiary to Provide More Torpedo Decoy Systems for Navy Ships

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A Boeing (NYSE: BA) subsidiary will provide another five AN/SLQ-25C torpedo defense systems to the U.S. Navy under a $6.5 million contract to design, develop and build the systems for Navy combatant ships. The company said Tuesday its Argon ST business is the sole contractor on the program and will perform work at facilities in Lemont Furnace and Smithfield in Pennsylvania. Mark Bock, director...

Report: Symantec to Acquire Tech Rights of Boeing’s Cybersecurity Business Narus

Cybersecurity
Symantec (NASDAQ: SYMC) has agreed to purchase technology rights from Boeing‘s (NYSE: BA) Narus subsidiary as Symantec looks to grow its presence in the commercial cybersecurity market, the Wall Street Journal reported Monday. Danny Yadron and Doug Cameron write Symantec aims to leverage a Narus-made Internet filter technology to help businesses guard their systems against cyber crime. Amit Mital,...

Turkey to Order Lockheed-Built F-35s, Boeing Chinook Helicopters

F-35
Turkey plans to purchase additional four Lockheed Martin (NYSE: LMT)-built F-35s through a foreign military sale agreement with the U.S. government, Daily Sabah reported Thursday. Prime Minister Ahmet Davutoglu said Turkey also wants to procure 100 F-35 fighters through 2030 as part of efforts to modernize the Turkish air force. The government has already placed an order for two F-35 fighters, Davutoglu...