January 21 Market Close: GovCon Index Stays Flat, Earnings Lift US Stocks

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The GovCon Index stayed flat Tuesday with a nominal gain of 0.079 points — or 0.111 percent — to close at 71.212. U.S. markets reacted to reports that the European Central Bank could launch a quantitative easing program for one year and earnings reports from firms such as UnitedHealth Group (NYSE: UNH), CNBC reported. The Dow Jones Industrial Average gained 39.05 points to close at...

January 12 Market Close: GovCon Index Falls, Investors Prep for Earnings Season

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The GovCon Index started the week with a loss of 0.512 points — or 0.732 percent — to close at 70.483 on Monday. Investors showed concern over continued declines in oil prices and are preparing to watch the start of quarterly earnings reports, CNBC reports. Crude futures on the New York Mercantile Exchange closed at $46.09 per barrel and traded below the $46 level for the first time...

Exelis to Provide Laser Tool for NASA Climate Change Research

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Exelis (NYSE: XLS) will support NASA research on climate change by providing a modified Multi-Functional Fiber Laser LIDAR under a $3.5 million contract as part of the Atmospheric Carbon and Transport-America project. The company said Monday that the research is centered on monitoring how weather systems move gases such as carbon dioxide and methane in the atmosphere and on determining the sources...

Exelis Wins Intl Combat Net Radio Sale

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Exelis (NYSE: XLS) has landed a $30 million commercial sale contract to provide vehicular tactical radio systems and associated installation kits to an unnamed international customer. The customer ordered the company’s RT-1702 Single Channel Ground and Airborne Radio Systems for integration into multiple types of military vehicles, Exelis said Monday. SINGCARS is designed to have mounted and...

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

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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...