December 16 Market Close: GovCon Index Records Nominal Loss, Investors Eye Possible Fed Move

GovConIndex
The GovCon Index extended its current stretch of declines into a third consecutive day with a nominal loss of 0.154 points to close at 67.411 on Tuesday. Investors will keep an eye on the Federal Reserve’s impending decision later this week on whether to change their policy statement and be more open to an interest rate increase next year, according to Reuters. The Dow Jones Industrial Average...

Greece Eyes Purchase of Boeing Chinook Helicopters for $150M

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The government of Greece is seeking to purchase Boeing (NYSE: BA)-built Chinook helicopters and related equipment for $150 million through a foreign military sale agreement with the U.S. Greece requested for CH-47D Chinook helicopter engines, missile warning system, radio systems, ILS marker beacons, direction finders, navigation tools, transponders, radar signal detecting sets and navigation equipment,...

December 15 Market Close: GovCon Index Slips, Oil Prices Continue Plunge

GovConIndex
The GovCon Index started the last full week before the Christmas and New Year holidays with a slight decline of 0.299 points — or 0.444 percent — to close at 67.649 on Monday. Oil prices continued to garner much of the attention from investors and the price-per-barrel of crude oil on the New York Mercantile Exchange set a new five-year low, according to CNBC. The Dow Jones Industrial...

Japan Chooses Bell Boeing-Built Osprey Aircraft, Northrop’s Global Hawk ISR System; Caroline Hutcheson Comments

V-22-Osprey
Japan has moved to purchase the Bell Boeing (NYSE: BA)-built V-22 Osprey tiltrotor aircraft for an undisclosed amount through a foreign military sale agreement with the U.S. government, Defense News reported Friday. Aaron Mehta writes the East Asian nation also procured the Northrop Grumman (NYSE: NOC)-developed Global Hawk unmanned surveillance system and E-2D Hawkeye aircraft. Boeing spokesperson...

Craig Cooning: Boeing Considers Cyber Business Divestitures to Focus on Market Niche

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Boeing (NYSE: BA) is looking into a potential divestiture or reassignment of some portions of its cybersecurity business as the company aims to focus on other areas in its portfolio, Reuters reported Tuesday. Andrea Shalal reports that Boeing has secured classified cyber contracts with the government but faces a crowded market since its acquisition of several small cyber companies years ago. “There...

November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

GovConIndex
The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115. Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over medium-term inflation, CNBC reported. Fed members expect inflation to...

November 18 Market Close: GovCon Index Rises as Traders Find Positivity From Japan, Europe

GovConIndex
The GovCon Index rose 0.9 percent during Tuesday’s trading day to close at 69.350. ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) recorded the largest increases among listed companies as both firms said Tuesday they will continue to pursue the two-part transaction that sees ATK’s sporting group become an independent company and Orbital acquire ATK’s aerospace and defense businesses. Many...

Boeing-Led Team Wins $524M to Train Australia’s Military Helicopter Pilots; Kim Gillis Comments

Logistics
A Boeing-led (NYSE: BA) consortium has been awarded a $524 million contract to provide combat helicopter training to air crews of Australian army and navy over the next 25 years. Boeing partnered with Thales, Airbus and Turbomeca for the Australian military’s JP 9000 Phase 7-Helicopter Aircrew Training System program, Boeing said Monday. Kim Gillis, managing director and vice president of Boeing...

November 13 Market Close: GovCon Index Extends Week of Gains

GovConIndex
The GovCon Index ended Thursday’s trading day at 68.992 — an increase of 0.626 percent from Wednesday and a close that represents the index’s fourth straight day of nominal gains. Bloomberg cited corporate deals and a positive earnings report from Walmart as among the factors that offset downturns in energy stocks and small caps across the stock market. The S&P 500 closed one...

State Dept Clears $1.6B Boeing C-17 Sales Deal for Australia

Contract
Australia plans to acquire Boeing (NYSE: BA) C-17 military cargo aircraft and associated parts and services under a $1.6 billion foreign military sale agreement with the U.S. government. The U.S. State Department has approved the Australian government’s request to procure up to four Boeing Globemaster III planes and various aircraft systems such as infrared countermeasures, missile warning sensors...