Home / Tag Archives: L-3

Tag Archives: L-3

May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

GovConIndexDOWN

The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

Read More »

L-3 to Move Electron Devices Manufacturing to California, Pennsylvania Sites

L-3 logo

TYSONS CORNER, VA, May 18, 2016 — L-3 Communications (NYSE: LLL) has started preparations to consolidate and transition the manufacturing operations of its electron devices unit in San Carlos, California, to sites in north central Pennsylvania and Los Angeles, ExecutiveBiz reported Tuesday. The company said Monday it will work on the phased consolidation efforts …

Read More »

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 …

Read More »

May 16 Market Close: GovCon Index Posts 1% Gain as Markets Welcome Buffett’s Apple Stake

GovConIndexUP

The GovCon Index posted its second gain of more than a full point in three weeks Monday to close up 1.052 points — or 1.366 percent — to 78.090. Contractor stocks rode the wave of positivity in U.S. markets after Warren Buffett’s Berkshire Hathaway investment arm disclosed its now-$1 billion stake in Apple as of the first quarter’s …

Read More »

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 …

Read More »

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 …

Read More »

May 2 Market Close: GovCon Index Up on L-3 Upgrade as Defense Primes Follow

GovConIndexUP

The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309,200 shares traded …

Read More »

May 2 Morning Report: GovCon Index Posts Weekly Decline, Sharp Gain for April

GovConIndexDOWN

The GovCon Index posted a loss of 0.481 points to 76.361 Friday and closed the week with a decline amid the release of first-quarter earnings reports from large U.S. government contractors throughout the week. GCI closed April as its third consecutive month with positive movement at a year-to-date gain of 5.24 percent. Several of the largest GovCon companies reported first-quarter earnings and …

Read More »

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 …

Read More »

Weekly Roundup April 25 – April 29 2016: Investors Give Mixed Signals on Contractor Stocks & more

GovConIndex

April 25 – April 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson First quarter earnings season has given investors with keen interest in the aerospace, defense and government contracting sectors a smorgasboard of items to consider as they gauge the industry’s health. …

Read More »