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General Dynamics Reports 5% Revenue Jump for 2Q, Profit Up 39%

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General Dynamics (NYSE: GD) has reported a 5.46-percent increase in revenue year-over-year for its fiscal year 2015 second quarter ended July 5, 2015 and a 39-percent jump in revenue for the quarter. Total revenue for the second quarter was $7.88 billion and profit for that same period reached approximately $752 ...

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July 28 Market Close: GovCon Index Rides 3-Digit Dow Rally, Energy Leads US Stock Gains

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The GovCon Index snapped a five-day streak of losses Tuesday with a rebound of 1.244 percent to close at 75.127 on a day that saw the major U.S. stock indices record gains of nearly similar margins. Energy shares were the largest gainers in the S&P 500 at a 3-percent jump for ...

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July 27 Market Close: GovCon Index, US Stocks Dip After China Market Losses

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The GovCon Index fell into negative territory for the fifth consecutive trading session Monday with a loss of 0.681 points to close at 74.202. Data that showed industrial profits declined in China during June sent that country’s stock markets to losses for that country’s Monday session and U.S. stocks responded in turn ...

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July 27 Morning Report: GovCon Index Down on Friday’s Close

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The GovCon Index closed last week with a fourth straight day of loss at 74.886, down 1.03 points or 1.36 percent. The Dow Jones Industrial Average declined 163.39 points at 17,568.53, the Standard & Poor’s 500 composite index was down 22.50 points to 2,079.65 and the NASDAQ composite index shed 57.78 points to 5,088.63. Market Summary ...

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July 24 Market Close: GovCon Index Down for the Fourth Consecutive Day

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The GovCon Index closed the week with four consecutive days of loses, ending the trading day at 74.886 down 1.03 points or 1.36 percent. The three major US markets saw declines as several companies reported disappointing quarterly returns. Increased worries about China’s economy slowing down and the drop in crude oil ...

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July 23 Market Close: GovCon Index Follows Blue Chips to Close Down

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The GovCon Index closed down for the third consecutive day losing 0.146 points to 75.915. Caterpillar (NYSE:CAT), 3M (NYSE :MMM), and American Express (NYSE:AXP) all turned in disappointing results dropping more than 2.5% on the day. A sluggish international market and strong U.S. dollar have impacted global operations for multinational companies. The Dow Jones ...

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July 22 Market Close: GovCon Index Closes Down On Tech Stock Performance

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The GovCon Index trailed down following the U.S. markets to close at 76.057, a loss of 0.086 points. Apple (Nasdaq: APPL), Microsoft (Nasdaq: MSFT), Yahoo (Nasdaq: YHOO) all turned in disappointing results; pulling down the NASDAQ composite index reported by Bloomberg. A rally in bank stocks helped stem off a steeper decline in the ...

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July 21 Market Close: GovCon Index, US Stocks Plunge on Earnings Results

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The GovCon Index mirrored across-the-board declines in U.S. stock markets Tuesday with a loss of 1.302 percent to close at 76.143. Investors reacted negatively to earnings reports from blue chip stocks such as IBM (NYSE: IBM), United Technologies (NYSE: UTX) and Verizon (NYSE: VZ) that either missed forecasts by many market analysts or ...

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July 20 Market Close: GovCon Index, US Stocks Slightly Up as Investors Digest Earnings

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The GovCon Index closed in neutral territory Monday with a nominal gain of 0.040 points to 77.143. Lockheed Martin‘s (NYSE: LMT) stock price jumped nearly 2 percent after the company said it would examine a separation of its information technology and technical services business and its agreement to purchase helicopter manufacturer Sikorsky Aircraft from United ...

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Lockheed Reports 2% Sales Bump for 2Q, Profit Up 4%

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Lockheed Martin (NYSE: LMT) has reported a 2.6 percent year-over-year increase in revenue to $11.6 billion for its fiscal year 2015 second quarter, which ended June 28, and a 4.5-percent increase in profit to $929 million for that same time frame. Sales in the company’s aeronautics, missiles and fire control, and mission systems and training segments ...

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