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Tag Archives: Harris

July 2 Market Close: GovCon Index, US Stocks Dip on Jobs Data Ahead of Weekend Greece Referendum

GovConIndexDOWN

The GovCon Index ended the final trading day of the week with a decline of 0.081 points to close at 74.719 as U.S. stocks also closed in slight negative territory. Health Net (NYSE: HNT) surged 10.01 percent after the Los Angeles-based managed health services provider announced it agreed to be purchased ...

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Former Exelis CEO David Melcher Appointed AIA Chief Executive

David Melcher

David Melcher, formerly CEO of defense technology manufacturer Exelis (NYSE: XLS), will join the Aerospace Industries Association trade group as president and CEO on June 8, the AIA said Thursday. Melcher led McLean, Va.-based Exelis through its October 2011 spinoff from ITT Corp. (NYSE: ITT) into an independent company and May 2015 sale ...

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May 26 Morning Report: GovCon Index Down on Friday’s Close

GovConIndexDOWN

The GovCon Index closed Friday with a decline of 0.328 points at 75.067 for a second straight day of losses. Harris Corp. (NYSE: HRS) and Exelis (NYSE: XLS) both reported a jump of 1 percent following news that they are set to close the former’s acquisition of the latter on May 29 after securing approval from the Justice Department and Exelis shareholders. The Dow Jones ...

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Exelis Shareholders OK Harris’ Acquisition Offer, DOJ Clears Transaction

FalconRadio

Harris Corp.’s (NYSE: HRS) pending acquisition of Exelis (NYSE: XLS) for almost $4.75 billion in cash and stock has moved forward after Exelis’ shareholders voted to approve the transaction and the Justice Department cleared the deal under antitrust law. Exelis said Friday both companies expect the transaction to close May 29, pending other closing ...

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April 9 Market Close: GovCon Index, US Stocks Flat on Quiet Trading Day

GovConIndexDOWN

The GovCon Index struggled for direction Thursday as it recorded a nominal loss of 0.014 points to close at 69.263. U.S. markets were relatively quiet during Thursday’s trading day as investors wait to see more first quarter earnings reports from companies, the Wall Street Journal reported. The Dow Jones Industrial Average gained 56.22 points to ...

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April 6 Market Close: GovCon Index Starts Post-Easter Week With 1% Gain

GovConIndexUP

The GovCon Index rose 0.604 percent Monday to close at 69.261 on a day that saw low-trading activity by U.S. investors and many other markets worldwide closed for Easter Monday. U.S. traders had an extra day to consider the Labor Department‘s March payrolls report since markets were closed for Good Friday and will watch initial ...

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March 30 Morning Report: GovCon Index Posts Gains on Friday’s Close

GovConIndexUP

The GovCon Index posted a gain of 0.541 points (0.778%) at Friday’s close for 68.986 to mark a second straight day of increase going into the start of earnings season Monday. The Dow Jones Industrial Average increased 34.43 points to 17,712.66, the Standard & Poor’s 500 composite index rose 4.87 points to 2,061.02 and the NASDAQ ...

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CACI Vet Arnold Morse Joins CNSI as General Counsel, Chief Legal Adviser

Arnold Morse

Arnold Morse, formerly chief legal officer and corporate secretary for CACI International (NYSE: CACI), has joined CNSI as general counsel. He will help to steer the company’s corporate strategy and serve as chief legal adviser, CNSI said Tuesday. Morse held executive-level roles at CACI for more than two decades after ...

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February 9 Morning Report: Harris, Exelis Lead GovCon Index Gains

GovConIndexUP

The GovCon Index gained 0.719 points, or 0.96 percent, on Friday for a new record close of 74.186. Harris Corp. (NYSE: HRS) announced its intent to buy Exelis (NYSE: XLS) for $5 billion, an announcement that sent a price surge of 9.63 percent and 36.25 percent for both companies. The Dow Jones Industrial Average fell 60.59 points to 17,824.29, ...

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February 6 Market Close: Harris, Exelis Gains Lift GovCon Index to Record Close

GovConIndexUP

The GovCon Index ended the trading week with a gain of 0.719 points — or 0.96 percent — to a new record of 74.186. Harris Corp.’s stock price jumped 9.63 percent after the military radio maker said it would buy defense technology contractor Exelis (NYSE: XLS) for approximately $4.75 billion in cash and stock. ...

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