Home / Tag Archives: energy

Tag Archives: energy

July 18 Market Close: GovCon Index Slightly Down Ahead of Lockheed 2Q Earnings Report

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results. The GovCon Index closed down 0.233 points to 81.586 with four of the GCI’s …

Read More »

July 7 Market Close: GovCon Index Down Ahead of June Payrolls Report as Energy Losses Weigh

GovConIndexDOWN

Executive Mosaic’s GovCon Index turned downward in late morning trade Thursday then traded in slight negative territory during the afternoon session as investors looked ahead to the June labor report due for release before markets open Friday. The GovCon Index fell 0.263 points to 79.557 with Boeing (NYSE: BA) and CSRA (NYSE: CSRA) …

Read More »

July 5 Market Close: GovCon Index Lower as Oil Declines, Brexit Uncertainty Return to Markets

GovConIndexDOWN

Executive Mosaic’s GovCon Index held lower to start July’s first full trade week Tuesday as U.S. stocks stumbled on a decline in crude oil prices that weighed on energy stocks and new investor uncertainty over Britain’s June 23 vote to leave the European Union. The GovCon Index ended its four-day gain …

Read More »

June 7 Market Close: GovCon Index Boosted by L-3 Upgrade, Navistar Surges on Earnings Beat

GovConIndexUP

The GovCon Index stretched its current streak of gains to five Tuesday by 0.212 points to 79.746 on an upgrade to L-3 Communications (NYSE: LLL) and a spike in Navistar International (NYSE: NAV) shares despite a full-year revenue guidance cut. Credit Suisse lifted its target price on L-3 to $169.00 and …

Read More »

Army Awards Black & Veatch $70M Ballistic Missile Defense Program Support IDIQ

MissileDefense

Black & Veatch has won a potential five-year, $70 million contract to perform architectural and engineering services for the U.S. Army’s ballistic missile defense program. The Defense Department said Thursday that Black & Veatch’s special projects business will carry out work through May 18, 2021, with funding and location based on each individual task order. The …

Read More »

Siemens’ Alan Bloodgood: Gov’t Eyes Renewable Energy, Distributed Energy Systems, Energy Security

Alan Bloodgood

TYSONS CORNER, VA, May 19, 2016 — Alan Bloodgood, a senior vice president at Siemens‘ U.S. federal government subsidiary, believes the federal sector will see an uptick in focus on renewable energy, distributed energy systems and energy security, ExecutiveBiz reported Tuesday. Bloodgood, who oversees energy and infrastructure business development at Siemens Government …

Read More »

AECOM 2Q Revenue Below Street Forecast on Energy Market Downturn, Earnings Top Analyst Outlook

AECOM

AECOM Technology (NYSE: ACM) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported second quarter revenue below Wall Street’s forecasts on a downturn in construction sales to energy sector customers as earnings topped analyst expectations. The Los Angeles-based engineering and construction contractor said revenue for the January-March period …

Read More »

Blank Rome Names Former DOE Execs Spencer Abraham, Joseph McMonigle as Principals

Blank Rome logo

Spencer Abraham, former Energy secretary, and Joseph McMonigle, former vice chairman of the International Energy Agency, have joined Blank Rome Government Relations as principals. The Pennsylvania-based law firm said Monday Abraham and McMonigle’s new roles entail client assistance across a variety of areas including policy and political law, energy, energy financial services, maritime …

Read More »

May 9 Market Close: GovCon Index Turns Around Late AM & Noon Dip, Health Shares Lead Rally

GovConIndexUP

The GovCon Index hit negative twice during the late morning and noon hours of trade Monday but closed up 0.153 points to 77.359 on gains by healthcare stocks to help offset declines from energy and utility shares on lower oil prices. McKesson Corp. (NYSE: MCK) ended Monday as the GovCon Index’s largest net …

Read More »

May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

GovConIndexDOWN

The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

Read More »