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January 23 Market Close: GovCon Index, US Stocks Fall on Trump Trade Pact Withdrawal Order

Executive Mosaic’s GovCon Index tumbled in conjunction with larger declines on Wall Street Monday as investors retreated from equities after President Donald Trump signed an executive order to withdraw from the 12-country Trans-Pacific Partnership trade agreement. GovCon Index decliners outnumbered gainers by a 4-to-1 ratio and two of its 11 S&P 500 …

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January 19 Market Close: GovCon Index Lifted by Platform Maker Gains Against Red Majority Ahead of Inauguration

Executive Mosaic’s GovCon Index closed higher Thursday as gains by large defense platform and product makers helped offset declines by a majority of the GCI’s 30 stocks with mid-tier prime contractors and government services providers in red. U.S. stocks traded lower by comparison with real estate the largest drag on equities in the …

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January 17 Market Close: GovCon Index Down on Shipbuilder Declines, Financials Drive S&P 500 Lower

Executive Mosaic’s GovCon Index tumbled Tuesday on declines from major military shipbuilders and defense technology makers as U.S. stocks traded lower with a 2.28-percent decline by financial shares the main contributor after a three-day weekend for equity markets. GovCon Index laggards outnumbered advancers by an 9-to-1 ratio and overall top performer McKesson Corp. (NYSE: MCK) was the …

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January 9 Market Close: GovCon Index Lower in Mixed US Stock Trading Session

Executive Mosaic’s GovCon Index traded lower Monday on declines by large and middle-tier prime contractors as U.S. stocks showed mixed results after biotechnology gains lifted the Nasdaq composite index to an all-time record close and utilities weighed on the S&P 500 composite index. GovCon Index laggards outnumbered gainers by an 9-to-1 ratio and …

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December 16 Market Close: GovCon Index Flat, Snaps 5-Week Gain Streak in Volatile US Stock Trading Session

Executive Mosaic’s GovCon Index swung to negative territory in a volatile afternoon session for U.S. stocks Friday as equities retreated from morning gains after reports surfaced that China’s navy seized a U.S. unmanned underwater drone in the South China Sea. The GovCon Index’s streak of five consecutive weekly gains also ended Friday but …

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Harris Lands Potential $91M IDIQ to Produce Airborne EW Tech for Multiple Intl Defense Clients

Harris (NYSE: HRS) has received a potential three-year, $91 million contract from the U.S. Air Force to build electronic warfare systems for multiple foreign military sales customers. The Defense Department said Friday the contract covers the production of AN/ALQ-211(V)4/8/9 Advanced Integrated Defensive Electronic Warfare Suite systems, software, and associated support equipment for international participants …

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5 Firms Get $200M in Contract Modifications Under Air Force Cyber Tech Devt Program

The U.S. Air Force has awarded five companies contract modifications worth $200 million combined to help the military branch develop, prototype, demonstrate, evaluate or transition cyber technology platforms. Work will occur at various contractor facilities in Alabama, New York and Virginia through Jan. 31, 2019, the Defense Department said Thursday. The modifications were …

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Harris Offers New Night-Vision Binocular for Nighttime Warfighter Operations

TYSONS CORNER, VA, Oct. 28, 2016 — Harris Corp. (NYSE: HRS) has unveiled a new night-vision technology that works to support warfighter missions in the nighttime and in low-light environments, ExecutiveBiz reported Thursday. The company said Wednesday the F5032 Lightweight Night Vision Binocular is also designed to limit eye fatigue and features …

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CACI Names Jennifer Mehall Background Investigations Team SVP

Jennifer Mehall, formerly vice president of operations at Alaska Native government services contractor Chenega Corp., has been named senior vice president of the background investigation services group at CACI International (NYSE: CACI). Mehall will lead a team that provides background investigation support services to the Office of Personnel Management, CACI said Wednesday. …

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October 10 Morning Report: GovCon Index Posts Friday, Weekly Decline on September Jobs Data

Executive Mosaic’s GovCon Index registered a sharp 1.298-percent decline Friday to close at 79.859, going below 80 points for the first time since Sept. 21. Northrop Grumman (NYSE: NOC), McKesson Corp. (NYSE: MCK) and Harris Corp. (NYSE: HRS) are the GCI’s only S&P 500-listed stocks to close green Friday. The Index also posted …

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