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

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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...

Bill Toti: Cubic-Led Team Wins Anti-WMD Training Work With DTRA

Bill Toti
Bill Toti A business unit of Cubic (NYSE: CUB) will lead a cross-sector team to provide support services for the Defense Threat Reduction Agency‘s training, exercise, capability assessment and capacity development programs under a potential $500 million contract. Cubic said Wednesday its mission support services segment will work with 13 partners to support DTRA’s mission to combat...

January 26 Market Close: GovCon Index Dips, US Stocks Flat

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The GovCon Index held relatively level alongside a largely flat U.S. stock market to record a nominal loss of 0.110 points — or 0.152 percent — and close at 74.447 on Monday. Traders considered the results from Greece’s national election that saw an anti-austerity party win 149 out of a 300 possible seats in that country’s parliament and a coming winter storm for the...

Bill Toti: Cubic to Continue Support for AF Research Lab Work

Bill Toti
Bill Toti Cubic (NYSE: CUB) will provide the U.S. Air Force with research, analysis, testing and evaluation support for survivability and chemical, biological, radiological and nuclear weapons counterproliferation missions under a five-year, $9.9 million contract. The company said Monday its mission support services unit will perform the work for the Human-Centered Intelligence, Surveillance...

Mike Barthlow Joins Cubic as C4ISR Strategy VP; Mike Twyman Comments

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Mike Barthlow, formerly executive vice president and chief strategy officer of Iris Technology, has joined Cubic‘s (NYSE: CUB) defense applications business as vice president of C4ISR strategy and business development. The company said Thursday Barthlow will oversee the segment’s market expansion and partnerships and support its secure communications portfolio through the recently...

January 22 Market Close: GovCon Index Sets Record High, Traders Welcome ECB Stimulus Plan

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The GovCon Index set a new record-high Thursday with a gain of 1.134 points — or 1.543 percent — to close at 72.346. All but two stocks on the index recorded increases in a day that saw the GovCon Index surpass the previous record of 71.722 set on Dec. 26, 2014. U.S. stocks largely recorded gains Thursday as investors reacted to the European Central Bank’s announcement of a new...

Keith Cooper Named SVP of Cubic Mission Support Services Segment; Bill Toti Comments

Keith Cooper
Keith Cooper Keith Cooper, formerly a business development executive and director of logistics and training at Raytheon (NYSE: RTN), has joined Cubic (NYSE: CUB) as senior vice president of the mission support services unit’s operations support and education group. Cubic said Tuesday Cooper will be in charge of business development and customer partnership functions within OSEG and report to...

December 29 Morning Report: GovCon Index Up from Tuesday’s Close

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The GovCon Index ended a week of trading at 71.793 points on Friday, up 0.148 or 0.206 percent from Tuesday’s close. Reuters reported that key market indicators closed a second straight week of gains, citing a positive economic outlook. The Dow Jones industrial average gained 23.5 points, or 0.13 percent, to 18,053.71, the Standard & Poor’s 500 rose 6.89 points (33%) to 2,088.77 and the tech-heavy...

Booz Allen, Cubic Subsidiary, Janus Research to Provide Army Mission Support

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The U.S. Army has awarded Booz Allen Hamilton (NYSE: BAH), Cubic Applications (NYSE: CUB) and Janus Research Group spots on a $240 million contract to provide the Army Capabilities Integration Center with mission support services. The Defense Department said Friday that the contract was awarded through the Army Contracting Command and will run through Dec. 18, 2019. The Army will provide funding...

Cubic Buys DTECH LABS for $114.5M; Bradley Feldmann Comments

Bradley Feldmann
Bradley Feldmann Cubic Corp. (NYSE: CUB) has acquired modular networking and baseband communications equipment provider DTECH LABS Inc. for $114.5 million. Bradley Feldmann, president and CEO of Cubic, said Tuesday the DTECH acquisition is part of the company’s “near-term strategy to build a niche $100 [million] to $200 million C4ISR business generating mid-teen EBITDA margins.” Sterling, Virginia-based...