January 26 Morning Report: GovCon Index Closes Friday with Slight Gain

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The GovCon Index recorded a gain of 0.211 points (0.290%) to close at a new all-time high of 72.557 on Friday. The Dow Jones Industrial Average dropped 141.38 points to 17,672.60, the Standard &Poor’s 500 was down 11.33 points at 2,051.82 and the NASDAQ composite index gained 7.48 points to 4,757.88. Top Percentage Gainers   Company   Stock Price   $ Change   % Change  ...

December 30 Market Close: GovCon Index Records Slight Decline

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The GovCon Index was down for the second consecutive day. The index closed Tuesday at 71.520, down 0.150 point, or 0.210 percent. The stock markets closed down with the Nasdaq composite index at 4,777.44, down 0.61 percent, the Standard & Poor’s 500 at 2,080.35 down 0.49 percent, and the Dow Jones industrial average down 0.31 percent to close at 17,983.07. Consumer confidence appears to be...

Engility to Help Navy Engineer Air Warfare Systems; Tony Smeraglinolo Comments

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has won a three-year, $61 million contract to perform research, development and engineering services for the Naval Air Warfare Center’s weapons division. The company said Friday it will also help NAWCWD evaluate systems design, manage technical activities and field new technology. Tony Smeraglinolo, Engility president and CEO, said the contract...

October 29 Morning Report: GovCon Index Up on Tuesday’s Close

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The GovCon Index closed Tuesday at 67.274, up 1.081 or 1.581 percent. Positive earnings pulled up U.S. markets with the Dow Jones industrial average closing 17,005.75 points, up 187.81 (1.1%), and the Standard & Poor’s 500 index at 1985.05, up 23.42 points (1.2%), USA Today reported Tuesday.   Top Percentage Gainers Company Stock Price % Change Maximus Inc. 46.37 5.53% Textron 40.49 4.11% ICF...

Tony Smeraglinolo: Engility to Help Marine Corps Build ISR Enterprise System

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has won a $9.2 million contract to help the U.S. Marine Corps develop a system for managing intelligence, surveillance and reconnaissance data across the USMC enterprise. The company said Wednesday it will work with the branch’s director of intelligence to build and sustain the ISR enterprise infrastructure. Tony Smeraglinolo, Engility president...

L-3 Board OKs Engility Spinoff Stock Distribution; Michael Strianese Comments

L3 Communications’ (NYSE: LLL) board of directors has approved the distribution of the remaining shares of its Engility subsidiary to all of its shareholders. L-3 said every shareholder of record as of July 16 will receive one share of Engility for every six shares of L-3 stock. “Engility will now be able to pursue new business opportunities unconstrained by organizational conflict of interest...