Iridium Records 7% Revenue Hike for 3Q 2014, Gov’t Services Sales Up 14%

Iridium Communications (NASDAQ: IRDM) has announced financial results for the third quarter of its 2014 fiscal year, which ended Sept. 30, 2014. Revenue for the McLean, Virginia-based satellite services contractor rose 7 percent to $107.5 million from the prior-year quarter and profit increased approximately 22.9 percent to $20.4 million. The company’s government services revenue increased 14...

Harris Gov’t Comm Systems Revenue Up 12% in FY 2015 1Q

Harris Corp. (NYSE: HRS) has announced financial results for the first quarter of the company’s 2015 fiscal year, which ended Sept. 26, 2014. Revenue in the company’s government systems segment increased 12 percent from the prior period to $461 million, which Harris said was driven by work on the F-35 Joint Strike Fighter program and the Federal Aviation Administration‘s NextGen...

David Thompson: Orbital-ATK Deal Could Close in January

David Thompson
David Thompson The planned merger of Orbital Sciences (NYSE: ORB) with ATK‘s (NYSE: ATK) aerospace and defense groups could close in January if the companies receive regulatory approvals for the deal during the December holiday season, Orbital CEO David Thompson said Thursday. Thompson also said that transition teams from both companies are “continuing to target the end of the calendar...

October 15 End of Day Report: GovCon Index Tanks 2% as Weak Data Hits Market

The GovCon Index recorded a 2-percent decline as of Wednesday afternoon, nearly in line with the other three major stock indices after the release of weak economic data. Ahead of the closing bell, the GovCon Index sat at a figure of 61.797, a decrease of almost a full point from Tuesday’s trading with only three companies listed in the index slated to close the trading day in the positive. Investors...

October 15 Morning Report: GovCon Index Inches Up as Global Concerns Hold

The GovCon Index entered Wednesday trading at 62.785 — approximately 0.82 percent higher than Tuesday’s figure, or an increase of 0.52. Reuters cited concerns over Ebola, the impact of weak global economic figures on U.S. corporate earnings and a decline in oil prices as drivers of Tuesday’s investment activity.   Top Percentage Gainers Company Stock Price % Change Textron 33.83 4.80% Navistar 31.25 4.48% Raytheon 96.56 2.89% Engility...

October 10 End of Day Report: GovConIndex Remains Flat

The GovConIndex remained relatively flat Wednesday afternoon at 63.559 — a nominal increase of 0.15, or 0.23 percent. As of around 4:00 p.m. Eastern time, 18 companies on the GovConIndex were in the negative and 12 were in the positive. The Executive Mosaic GovConIndex is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) companies. LinkedInTweet+1E-mail

October 9 Morning Report: GovConIndex Ends Wednesday at 2% Hike

The GovConIndex closed Wednesday trading at 64.667 — an increase of 1.241 from the previous day, or 1.883 percent. Each company listed in the GovConIndex ended Wednesday as up from the previous day and the increases ranged from around 5 percent to the lowest upward trend at 0.15 percent. Top 5 Percentage Gainers for Wednesday Company Closing Price Change %Change Engility Holdings...

October 7 Morning Report: GovConIndex Down on Mixed Day of Trading

The U.S. stock market closed Monday trading lower. The GovConIndex fell 0.289, or 0.450%, to 64.535. Many investors remain uncertain about the outlook for stocks as they wait for the beginning of the earnings season.   Top Percentage Gainers Company Closing Price Change %Change CGI Group Inc 34.52 0.55 1.62% Exelis Inc. 17.10 0.20 1.18% Intelsat 16.60 0.16 0.97% BAE Systems 29.72 0.28 0.95% ATK 127.17 0.76 0.60%   Market...

October 6 End of Day: GovConIndex Shows Modest Downturn

After a positive morning to start the trading day, the GovConIndex has trended towards a modest drop and sits currently at 64.711, off 0.113, or 0.176 percent. The Executive Mosaic GovConIndex is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) Companies.         LinkedInTweet+1E-mail

October 6 Midday: GovConIndex Shows Slight Drop in Late AM

The GovConIndex at midday on Monday is down 0.040 — or 0.062 percent — to 64.045330 after showing a positive direction all morning. Gainers lead laggers 16 to 14, respectively. Hewlett Packard (NYSE: HPQ) jumped 4.36 percent after the computer technology and services firm said it plans to split into two independent companies. Boeing‘s (NYSE:BA) shares are up 0.29 percent on...