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Tag Archives: Engility

August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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Weekly Roundup August 22 – August 26 2016: JPMorgan Analyst Bullish on Defense & more

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August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued “green” movement in …

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August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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Lockheed Vet Michael Grasso Joins Engility as Business Development Leader

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Michael Grasso, a 35-year veteran and former vice president of government relations at Lockheed Martin (NYSE: LMT), has joined Engility (NYSE: EGL) as senior vice president of business development and strategic planning for the government services contractor. Engility said Monday he will report directly to CEO Lynn Dugle in his new role. Grasso’s career at Lockheed includes …

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August 17 Market Close: GovCon Index Slide Deepens on Lockheed & Services Stock Declines

GovConIndexDOWN

Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers with one stock …

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August 16 Market Close: GovCon Index Down, Lockheed in Steep Red & Leidos Up After Deal’s Closure

GovConIndexDOWN

Executive Mosaic’s GovCon Index dropped at least one full net point Tuesday for the first time since June 24 on a sharp drop in Lockheed Martin (NYSE: LMT) shares upon the defense contractor’s completion of the spinoff and subsequent merger of its government and technical services business into Leidos Holdings (NYSE: LDOS). Lockheed was the GCI’s …

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August 8 Morning Report: GovCon Index Posts All-Time High on July Jobs Report

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Executive Mosaic’s GovCon Index posted an all-time high Friday with a gain of 0.535 points to 82.835 following the Labor Department‘s report that nonfarm businesses added 255,000 jobs in July. The jobs report exceeded the forecast of 180,000, a month after economists revised June’s jobs number from the forecast of 287,000 to 292,000. The Index closed the week …

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August 5 Market Close: GovCon Index, S&P 500 Hit Record Closes on July Jobs Numbers

GovConIndexUP

Executive Mosaic’s GovCon Index hit a new all-time high and had its best day in nearly two months Friday and the U.S. stock bellwether S&P 500 composite index also closed at a record after the latest jobs report far exceeded economists’ expectations for the second straight month. The GovCon Index rose 0.535 points to 82.835 …

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Weekly Roundup August 1 – August 5 2016: Leidos Further Details Post-Merger Picture & more

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August 1 – August 5 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government contracting’s M&A and financial aspects took center stage again this week and GovCon Wire hit on all the major events as Executive Mosaic’s home of market-moving news for the sector. …

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August 3 Market Close: GovCon Index Up on ICF Earnings Beat, Huntington Ingalls Lifts Before 2Q Report

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Executive Mosaic’s GovCon Index rebounded Friday on gains by ICF International (Nasdaq: ICFI) on a second quarter earnings beat, plus boosts by Huntington Ingalls Industries (NYSE: HII) and Cubic Corp. (NYSE: CUB). The GovCon Index posted a gain of 0.292 points to 82.476 and six of the GCI’s 11 S&P 500-listed stocks closed positive as …

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