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Tag Archives: CGI

February 9 Market Close: GovCon Index, US Stocks End Volatile Session in Neutral as Oil Hits $28

GovConIndexUP

The GovCon Index reversed a negative open of at least 1 percent as Tuesday’s trading day progressed but hit another dip in the final hour to end at a nominal gain of 0.044 points to 70.079. Gains in biotechnology and material shares helped U.S. stocks bounce back in Monday’s afternoon …

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February 2 Market Close: GovCon Index Falls 2% on Harris Revenue Forecast Cut, Oil Declines Weigh on US Markets

GovConIndexDOWN

The GovCon Index slumped back into a correction — at least 10 percent down from its most recent high — Tuesday with a decline of 2.124 percent to 70.226 spurred by Harris Corp.‘s (NYSE: HRS) move to cut projected revenue for the company’s 2016 fiscal year. Shares of Harris plummeted 9.78 percent after the …

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The 2016 Wash100’s Mix of Companies, Agencies & Trade/Research Groups

2016Wash100

As covered here yesterday, GovCon Wire’s parent company Executive Mosaic announced its inductions for the 2016 edition of the Wash 100 — EM’s annual selection of the government contracting arena’s most influential voices. These 100 individuals were chosen by EM’s editorial and organizational leadership as the executives and other leaders …

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January 28 Market Close: GovCon Index Holds Below 70, Posts Nominal Gain

GovConIndexUP

The GovCon Index showed a nominal gain of 0.076 points to 69.839 Thursday as investors with interest in the defense and government contracting industries digested a new round of earnings statements from more of the sector’s largest companies. Thursday’s close represents the Index’s second straight day that ended below 70 …

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Navy Awards 8 Spots on $809M NAVSUP Business Systems Center Support IDIQ

software-engineering

The U.S. Navy has awarded positions on a potential four-year, $809 million contract to eight companies to provide process management and data support services for the Naval Supply Systems Command Business Systems Center. The service branch awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive procurement with 15 proposals received, the Defense Department …

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January 27 Market Close: Boeing, Booz Allen, Textron Declines Drag GovCon Index Below 70 to 3-Month Low

GovConIndexDOWN

The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow …

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January 21 Market Close: GovCon Index Enters Correction With 1% Decline, US Stocks Rise on Oil Gains

GovConIndexDOWN

The GovCon Index suffered a loss of 1.324 percent to 70.492 Thursday driven by a plunge in Engility Holdings (NYSE: EGL) shares after the contractor issued fiscal year 2016 guidance that forecasts a sharp drop in earnings from 2015 outlook. Chantilly, Va.-based Engility’s 2016 guidance sees earnings of between $1.00 …

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January 12 Market Close: GovCon Index 4-Day Losing Streak Ends w/ 1% Climb

GovConIndexUP

The GovCon Index snapped a four-day streak of declines Tuesday with a surge upward of 1.129 percent to 74.285 in another volatile trading day for U.S. financial markets driven by continued oil price declines and attention on China. Crude oil futures in New York settled 50 minutes later than usual …

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Former Defense Security Service Director Stanley Sims Joins CGI as Chief Security Officer

Stanley Sims

Stanley Sims, a retired U.S. Army colonel and former director of the Defense Security Service, has been appointed chief security officer at CGI (NYSE: GIB). He joins the company after more than 30 years of federal and military service and will oversee programs to secure the company’s physical and cyber infrastructure in his …

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January 11 Morning Report: GovCon Index Sees Drop; S&P 500 Goes Into Correction

GovConIndexDOWN

The GovCon Index closed Friday at a 1.181-percent drop to 73.739 and ended the week with a loss of 4.31 percent. The S&P 500 composite index joined the Dow Jones Industrial Average and Nasdaq index in correction territory with a decline of 1.08 percent Friday. Top GovCon Index Gainers Symbol Company $ Current …

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