December 8 Morning Report: GovCon Index Posts Gains at Friday’s Close

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The GovCon Index closed at 70.063 on Friday, an increase of 0.541 percent, or 0.386 points, from Thursday trading.   The Dow Jones grew 0.33 percent to close at 17,958.79, the Standard & Poor’s 500 recorded a 0.02 percent gain to 2,072.30 and the NASDAQ increased 0.11 percent to 4,774.59. Reuters attributed the positive trading Friday to a Labor Department report citing a three-year...

December 5 Market Close: GovCon Index Gains as Jobs Report Sets 3-Year High

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The GovCon Index rebounded some ground Thursday with an increase of 0.541 percent — or 0.386 points — to close at 70.063 on Friday. Stocks largely increased Friday after the release of the Labor Department‘s jobs report, which said U.S. businesses added 321,000 new employees in November to set a new high for the past three years, according to Reuters. The Dow Jones Industrial...

Exelis to Refresh Digital Memory of US Air Force’s Command Control System; Jennifer Schoonover Comments

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Exelis Inc. (NYSE: XLS) has been awarded a $10.3 million contract to update the digital memory technology of the U.S. Air Force’s automated command control system. The company will work to install a new data storage and retrieval technology on the command control system for operational continuity through 2030, Exelis said Wednesday. The Air Force uses the system to authenticate orders and pass...

Peter Martin to Lead Exelis’ Electronic Attack, Release Systems Business; Rich Sorelle Comments

Peter Martin
Peter Martin Peter Martin will serve as vice president and general manager of Exelis‘ (NYSE: XLS) electronic attack and aircraft release systems business and will oversee operations at company facilities in Amityville and Bohemia in New York. The company said Monday Martin holds close to 35 years of defense and aerospace industry experience and served as a cryptologic linguist in the U.S....

November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

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The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115. Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over medium-term inflation, CNBC reported. Fed members expect inflation to...

November 18 Market Close: GovCon Index Rises as Traders Find Positivity From Japan, Europe

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The GovCon Index rose 0.9 percent during Tuesday’s trading day to close at 69.350. ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) recorded the largest increases among listed companies as both firms said Tuesday they will continue to pursue the two-part transaction that sees ATK’s sporting group become an independent company and Orbital acquire ATK’s aerospace and defense businesses. Many...

Joe Rambala: Exelis-Airbus Team to Combine Tech for F-16 Missile Warning Functions

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Exelis (NYSE: XLS) will combine its electronic warfare system technology with Airbus Group‘s AAR-60(V)2 Missile Launch Detection System for Fighters under a teaming agreement to deliver missile warning functions to the F-16 Fighting Falcon. Joe Rambala, vice president and general manager of Exelis’ integrated electronic warfare systems business, said Monday the combined offering is...

November 7 Morning Report: GovCon Index Up on Thursday’s Close

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The GovCon Index closed Thursday at 68.486, up 0.086 or 0.126 percent. Reuters reported Thursday market optimism over anticipation that the European Central Bank may be getting ready with new measures to bolster the eurozone. The Dow Jones industrial average hit a record high, up 69.94 points, or 0.4 percent, to 17,554.5, while Standard & Poor’s 500 closed 7.64 points, up.0.38 percent,...

Exelis to Repurchase Up to $350M in Shares Over 2-Year Period

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Exelis (NYSE: XLS) plans to repurchase its outstanding common stock worth as much as $350 million following the board of directors’ approval of a two-year share repurchase program. The company said Tuesday it will repurchase an undefined number of shares at any time within the period ending Nov. 4, 2016, based on federal securities legislation and factors such as market conditions. Exelis noted...

November 3 Morning Report: GovCon Index to Open at 68.417

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The GovCon Index closed Friday at 68.417, up 0.714 or 1.033 percent. Market indicators ended the month of October on a high Friday, with the Dow Jones industrial average adding 195.10 points (1.1 percent) to end at 17,390.52, according to a Market Watch report. Standard & Poor’s 500 gained 23.40 points, or 1.2 percent, to close at 2,018.05, and the Nasdaq composite gained 64.60 points (1.4...