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April 27 Market Close: Little Change in GovCon Index, S&P500, DJIA; NASDAQ Closes Record High

The Executive Mosaic GovCon Index closed up slightly 0.252 percent to 93.319 with advancers and decliners evenly split. In the major market the S&P500 and DJIA were up modestly 0.06 percent and 0.03 percent respectively. The NASDAQ at a record high of 6,048.94. At market close WTI fell by $0.65 to $48.97 …

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State Dept OKs $296M Humvee, Rifle Sale to Iraq

The State Department has given Iraq the go-ahead to purchase High Mobility Multipurpose Wheeled Vehicles, rifles and other military equipment for the Middle Eastern country’s two Peshmerga infantry brigades and two artillery battalions under a potential $295.6 million foreign military sales agreement. The government of Iraq asked to buy up-armored M1151 Humvees, …

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Richard White, Robert Zitz, Tim Gillespie Take New Leadership Roles at SSL’s Govt Systems Business

Palo Alto, California-based satellite manufacturer Space Systems Loral has appointed three executives to oversee the company’s government systems business unit that provides support to U.S. government clients and related programs. Richard White, senior vice president of government systems at SSL, has been promoted to president of SSL Government Systems and will …

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Carl D’Alessandro, VP for Global Business Dev’t at Harris, Named to 2017 Wash100

Executive Mosaic, Tysons Corner, VA March 31, 2017 — Carl D’Alessandro, former president for critical networks at Harris Corp., has been selected for this year’s Executive Mosaic Wash100 for his leadership in air traffic control and communications. The Wash100 is the premier group of private and public sector executives selected by Executive …

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March 20 Market Close: GovCon Index Closes Down, as Equities Markets Close Mixed

Executive Mosaic’s GovCon Index moved downward as the equities markets closed mixed on the day. The S&P 500 and DJIA ended the day down off -0.20 percent and -0.04 percent respectively while the NASDAQ closed up +0.01. Stocks reacted as Federal Reserve Bank of Chicago President Charles Evans eluted to the …

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Harris, Esri Partner to Bring Geoint, Imagery Analytics Tools to Federal Sector

TYSONS CORNER, VA, March 6, 2017 — Harris Corp. (NYSE: HRS) has entered into an agreement with Esri to bring commercial satellite imagery, open data systems and unmanned aircraft systems to the federal marketplace, ExecutiveBiz reported Friday. Esri said Thursday the enterprise agreement seeks to facilitate the development of applications and …

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Veritas Capital to Buy CB&I’s Capital Services Business for $755M; Ramzi Musallam Comments

New York City-based investment firm Veritas Capital has agreed to purchase the capital services business of energy technology and infrastructure provider CB&I (NYSE: CBI) for approximately $755 million. Veritas said Tuesday it expects to complete the acquisition in the second quarter of 2017 and will rename and run the business as an independent firm once …

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February 28 Market Close: GovCon Index, US Stocks Hold Lower Ahead of Trump Address

Executive Mosaic’s GovCon Index and U.S. stocks fell Tuesday at their worst one-day declines over the past month as investors looked ahead to President Donald Trump’s speech before a joint session of Congress at 9:00 p.m. Eastern time for further clues on his economic agenda that has included promises of tax cuts, deregulation …

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February 24 Market Close: GovCon Index Up, Records 4th Straight Weekly Gain

Executive Mosaic’s GovCon Index closed higher Friday to end its fourth straight weekly gain as investors eyed defense stocks after President Donald Trump repeated his election campaign pledge to build up the military during a speech in Washington. U.S. equities also posted narrow gains and the benchmark S&P 500 composite index ended the …

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MacDonald Dettwiler to Purchase DigitalGlobe in $3.6B Deal

Canada-based communications services company MacDonald, Dettwiler and Associates has agreed to acquire Earth imaging services provider DigitalGlobe (NYSE: DGI) in an estimated $3.6 billion transaction to expand MDA’s footprint in the global satellite imagery market. MDA said Friday it will pay $2.4 billion in cash-and-stock for DigitalGlobe — $17.50 in cash and one-third of an MDA …

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