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Tag Archives: cubic

May 2 Market Close: GovCon Index Up on L-3 Upgrade as Defense Primes Follow

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The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309,200 shares traded …

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Cubic Lifts FY 2016 Revenue Guidance on 2Q Beat; Earnings Forecast Narrowed

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Cubic Corp. (NYSE: CUB) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has lifted revenue guidance for its 2016 fiscal year in part on added contributions from two acquired businesses and exceeded Wall Street estimate for the company’s second quarter. The San Diego-based defense and transportation contractor now …

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April 29 Market Close: GovCon Index Free Fall Deepens to Post Weekly Decline, End Positive April

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The GovCon Index deepened its slide Friday with a loss of 0.481 points to 76.361 that puts the GCI at a weekly decline but a sharp gain for the month of April as earnings reports for large government contractors dominated trading activity Monday through Friday. April represents the Index’s third consecutive month …

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April 25 Morning Report: GovCon Index Posts Positive Week Ahead of 1Q Earnings Reports

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The GovCon Index ended the Friday trading session with a gain of 0.387 points to 76.369 to close its second consecutive week in positive territory. Eleven GCI-listed companies, including the five largest government and defense contractors in the U.S., will report first-quarter earnings this week. The schedule is as follows: Tuesday: Lockheed Martin (NYSE: LMT) …

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April 22 Market Close: GovCon Index Holds Positive Against Volatile Markets Ahead of 1Q Defense Earnings Week

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The GovCon Index held against choppy trading activity in U.S. markets during the afternoon session Friday to close at a gain of 0.387 points to 76.369 and notch its second consecutive week in the positive. Friday also marks the Index’s seventh weekly gain over the last eight in a stretch that has seen it climb nearly …

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April 20 Market Close: Boeing Downgrade Nudges GovCon Index Down Despite Textron 1Q Earnings, Sales Beat

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The GovCon Index ended its three-day gain streak Wednesday with a nominal loss of 0.008 points to 76.354 as a downgrade on Boeing‘s stock (NYSE: BA) and its subsequent decline offset gains from a first-quarter sales and earnings beat from Textron (NYSE: TXT). Providence, R.I.-based Textron climbed 4.89 percent — or $1.86 — as the GCI’s top gainer in …

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April 19 Market Close: GovCon Index Wavers to Positive Close in Choppy US Market Trade

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The GovCon Index held onto a positive close for the third consecutive session Tuesday at 0.148 points to 76.362 after a descent from a strong open to negative territory in early afternoon trade before a reversal into green. Losses by technology shares on disappointing earnings reporters weighed on U.S. markets but were offset by …

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April 5 Market Close: GovCon Index Slides on Durable Goods Slump, IMF Head’s Warning on Economic Risk

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The GovCon Index tumbled for a third consecutive session Tuesday at 0.294 points to 73.895 as U.S. investors weighed new economic data that showed mixed pictures for the domestic economy and remarks from International Monetary Fund leader Christine Lagarde that a global recovery is surrounded by political risk and instability. Chantilly, Virginia-based government services contractor …

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Weekly Roundup Mar. 7 – Mar. 11 2016: GovCon Index, Defense Stocks Show Steady Recovery & more

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Mar. 7 – Mar. 11 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The start of March has given investors everywhere a respite of calm so far after a January and February period of across-the-board, worldwide market volatility that carried over from the …

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Frank Wiercinski, Mike Kelly Appointed to Leadership Roles at Cubic’s Global Defense Segment

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Frank Wiercinski, formerly a group vice president at Lockheed Martin (NYSE: LMT) and a retired U.S. Army lieutenant general, has joined Cubic (NYSE: CUB) as senior VP and managing director of its global defense segment’s operations in the Asia-Pacific region. He will manage the segment’s customer base in the APAC region and expansion strategy in the C4ISR and integrated …

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