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May 22 Morning Report: Friday Close – GovCon Index and Markets Reverse Mid Week Slump

After posting strong quarterly earnings McKesson Corporation lead theGovCon Index. McKesson closed up $11.57 per share (8.18 percent) to $153.01. The Executive Mosaic GovCon Index ended Friday up 1.29 percent to 92.864. The major markets showed significant gains reversing the mid week slump with the DJIA recapturing 53 percent of Wednesdays losses. At market …

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May 19 Market Close: GovCon Index and Market Indices Close Week on a Strong Note

The Executive Mosaic GovCon Index ended the week on a positive note up 1.29 percent on the day and up 0.15 percent on the week. McKesson lead the GovCon Index posting a $11.57 per share value increase (8.18 percent) on yesterday’s strong quarterly earning report. The major markets showed significant gains reversing …

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Report: Saudi Arabia, Lockheed Seal $6B Deal for Modified Littoral Combat Ships

Saudi Arabia and Lockheed Martin (NYSE: LMT) have closed on a $6 billion contract for the Bethesda, Maryland-based defense contractor to deliver four modified versions of Littoral Combat Ships, Bloomberg reported Friday. The deal for Multi-Mission Surface Combatant Ships comes as President Donald Trump heads to the Middle Eastern country as part …

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May 18 Market Close: Minor Positive Changes With GovCon Index and Market Indices

The Executive Mosaic GovCon Index moved downward contrary to major market indices. Decliners outpaced advancers 18 to 12. The major markets showed minor movement upward after recovering from significant drop yesterday. At market close WTI followed the markets to close up 0.39 percent to $49.26 as the Algerian Energy Minister indicated that …

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GA-ASI’s Chris Pehrson Named to Advisory Council of New CNAS Defense Project

TYSONS CORNER, VA, May 17, 2017 — Chris Pehrson, vice president of strategic development at General Atomics’ aeronautical systems business, has been named to the advisory council for the Center for a New American Security’s Evolving the Future Force project, ExecutiveBiz reported Tuesday. CNAS said Monday the new initiative is part of its Defense …

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55 Firms Land Spots on $37B Army Contract for C4ISR Program Support Services

The U.S. Army has selected 55 companies to compete for task orders under a potential $37.4 billion contract vehicle that covers knowledge-based professional services for government programs that have command, control, communications, computers, intelligence, surveillance and reconnaissance requirements. The service branch received 387 bids for the Responsive Strategic Sourcing for Service indefinite-delivery/indefinite-quantity contract via the …

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May 15 Market Close: GovCon Index and Markets up with S&P 500 and NASDAQ Hitting Records

The Executive Mosaic GovCon Index posted gains to close at 93.283 up 0.605 percent, with advancers shares outpacing and decliners shares 4 to 1. The S&P 500 index and NASDAQ index hit record highs as oil shows a strong rebound and energy and financial sectors lead gains. WTI rose again for the …

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May 15 Morning Report: Friday Close – GovCon Index Down and Markets Mixed For the Week

Fridays The Executive Mosaic GovCon Index closed down 0.600 percent to 92.722 as decliners significantly out-weighted advancers 27 to 3. The U.S. major markets Friday closed mixed with the S&P500 and DJIA down and the NASDAQ up on both the daily and weekly outcome. At Friday market close WTI rose again for …

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May 8 Market Close: GovCon Index Down and Markets Up

The Executive Mosaic GovCon Index closed down 0.318 percent to 93.368, as decliners outpaced advancers 2 to 1. The major markets closed unchanged with centrist Emmanuel Macron winning the French presidential election on Sunday. Saudi Arabia and Russia indicated they may extend production cuts into 2018 which drove WTI was up $0.21 …

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General Dynamics Buys Advatech’s Electronics & Comms Division in Cyber Offering Expansion Push

General Dynamics (NYSE: GD) has purchased Advatech Pacific’s electronics and communications division for an undisclosed amount in a move to grow cybersecurity technology and service offerings for clients in intelligence and defense markets. The acquired business will be integrated into General Dynamics’ mission systems segment, the company said Wednesday. General Dynamics Mission Systems seeks to integrate Advatech’s …

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