Home / Tag Archives: energy

Tag Archives: energy

August 10 Market Close: GovCon Index Falls on Orbital ATK Plunge After Accounting Disclosure

GovConIndexDOWN

Executive Mosaic’s GovCon Index recorded its worst session in four weeks Wednesday despite gainers as the clear majority after Orbital ATK (NYSE: OA) announced it would restate all financial results dated back to April 2014. Shares in Orbital ATK plummeted 20.25 percent — or $17.987 — at the stock’s biggest one-day loss in nearly a year after the space systems …

Read More »

AECOM 3Q Earnings Top Street Forecast, Revenue Misses on Energy Market Headwinds

AECOM

AECOM (NYSE: ACM) reported third fiscal quarter earnings above the consensus analyst outlook Tuesday as revenue for the period fell year-over-year on continued softness in the oil and gas markets with exacerbated effects from the mid-year fire in Fort McMurray, Canada. Earnings for the quarter ended June 30 came in at 81 …

Read More »

July 25 Market Close: GovCon Index Down on Prime Declines & Oil Fall, Engility Surges on Debt Refinance Plan

GovConIndexDOWN

Executive Mosaic’s GovCon Index held in slight negative range Monday as gains by services contractors Engility Holdings (NYSE: EGL) and CACI International (NYSE: CACI) failed to offset declines by defense primes and platform makers. The GovCon Index declined 0.110 points to 81.678 and only two of the GCI’s 11 S&P 500-listed stocks closed in green …

Read More »

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 »