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Tag Archives: Harris

Harris Lands $106M AF Follow-On Award for Ground-Based Systems Support

HARRIS

Harris (NYSE: HRS) has secured a $106 million follow-on contract option from the U.S. Air Force to provide a range of ground-based systems support services for missile warning, missile defense and space surveillance operations. The company said Wednesday the follow-on award covers depot-level maintenance, repairs, upgrade, contractor logistics support and others for six weapon systems across 12 …

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May 17 Market Close: GovCon Index Swings Negative on Investor Rate Hike Sentiment

GovConIndexDOWN

The GovCon Index mirrored losses by U.S. stocks Tuesday with a decline of 0.669 point to 77.421 as investors weighed the prospects of more than one interest rate hike by the Federal Reserve this year. Dennis Lockhart and John Williams, respective Fed presidents for Atlanta and San Francisco, indicated the central bank could move in …

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May 9 Market Close: GovCon Index Turns Around Late AM & Noon Dip, Health Shares Lead Rally

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The GovCon Index hit negative twice during the late morning and noon hours of trade Monday but closed up 0.153 points to 77.359 on gains by healthcare stocks to help offset declines from energy and utility shares on lower oil prices. McKesson Corp. (NYSE: MCK) ended Monday as the GovCon Index’s largest net …

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Harris to Provide Morocco Ground, Airborne Radios Under $405M Foreign Sales Deal

HARRIS

Harris (NYSE: HRS) has landed a $405 million foreign military sales contract from the U.S. Army to produce and deliver single-channel ground and airborne radio systems to Morocco. The company will provide the combat net radios along with ancillary items, spare parts, installation kits, training and fielding support services under the firm-fixed-price contract …

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May 6 Market Close: GovCon Index Boosted by Engility & ICF 1Q Beats, Huntington Ingalls Extends Gain Stretch

GovConIndexUP

The GovCon Index rode the wave of buying activity in U.S. financial markets Friday and closed up 0.634 points to 7.206, which put the GCI at a weekly gain of 0.845 points to start May after a series of earnings reports from contractors that exceeded analyst expectations. Shipbuilder Huntington Ingalls Industries (NYSE: HII) extended its win …

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Weekly Roundup May 2 – May 6 2016: Defense Earnings Season Rolls On & More

May 2 – May 6 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.’ largest government contractors and get an idea of what …

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May 4 Market Close: GovCon Index Down as Job Estimates Weigh on US Markets

GovConIndexDOWN

The GovCon Index slid for a second consecutive session Wednesday by 0.498 points to 75.867 as U.S. financial markets entered sell-off mode on new data that showed a slowdown in hiring for the month of April. Harris Corp. (NYSE: HRS) extended its stretch of declines into a second straight day after the communications …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

GovConIndexDOWN

The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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Harris Cuts FY 2016 Earnings, Revenue Forecasts on Slowing Middle East Demand

HARRIS

Harris Corp. (NYSE: HRS) — an S&P 500 company listed in Executive Mosaic’s GovCon Index — has cut full-year revenue guidance for a second consecutive quarter in its current fiscal year with this reduction due to a slowdown in tactical communications product demand from the Middle East. The Melbourne, Florida-based military radio manufacturer now expects …

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April 29 Market Close: GovCon Index Free Fall Deepens to Post Weekly Decline, End Positive April

GovConIndexDOWN

The GovCon Index deepened its slide Friday with a loss of 0.481 points to 76.361 that puts the GCI at a weekly decline but a sharp gain for the month of April as earnings reports for large government contractors dominated trading activity Monday through Friday. April represents the Index’s third consecutive month …

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