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Tag Archives: L-3

February 5 Market Close: GovCon Index Tumbles 1%, S&P Down 2% on Tech Losses & Jobs Data

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The GovCon Index tumbled back into a correction Friday at a decline of 1.349 percent to 70.204 as U.S. investors reacted to the latest jobs report with a view toward whether the Federal Reserve would raise interest rates again this year. For the week, the Index posted a decline of …

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Weekly Roundup Feb. 1 – Feb. 5 2016: The 9 Three-Time Wash100 Winners in 2016’s Class & more

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Feb. 1 – Feb. 5 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Last week in this space, we announced the 2016 edition of Executive Mosaic’s annual Wash100 list, our selection of the government contracting arena’s most influential leaders and voices from both the public …

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February 4 Market Close: GovCon Index Narrowly Exits Correction on CACI Guidance Lift, Cubic & Maximus 1Q Misses Weigh

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The GovCon Index held in positive territory in choppy trade Thursday with a nominal gain of 0.109 points to 71.005 held up large jumps in the share prices of government services contractor CACI International (NYSE: CACI), satellite provider Intelsat (NYSE: I) and armored truck maker Navistar International (NYSE: NAV). With …

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CACI Lifts FY 2016 Guidance on NSS Buy, Posts 23% Profit Jump for 2Q to Top Street Estimate

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CACI International (NYSE: CACI) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has adjusted its fiscal year 2016 guidance to reflect the company’s $550 million acquisition of the former L-3 Communications (NYSE: LLL) national security solutions segment that closed Tuesday. The Arlington, Va.-based government services contractor …

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February 2 Market Close: GovCon Index Falls 2% on Harris Revenue Forecast Cut, Oil Declines Weigh on US Markets

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The GovCon Index slumped back into a correction — at least 10 percent down from its most recent high — Tuesday with a decline of 2.124 percent to 70.226 spurred by Harris Corp.‘s (NYSE: HRS) move to cut projected revenue for the company’s 2016 fiscal year. Shares of Harris plummeted 9.78 percent after the …

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Weekly Roundup Jan. 25 – Jan. 29 2016: Leidos The New ‘Big One’ After Lockheed IT Biz Merger & more

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Jan. 25 – Jan. 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Needless to say, we have a lot to address here after a heavy news week that featured news of government contracting’s largest merger this decade, plus a batch of 2015 earnings reports from …

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January 28 Market Close: GovCon Index Holds Below 70, Posts Nominal Gain

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The GovCon Index showed a nominal gain of 0.076 points to 69.839 Thursday as investors with interest in the defense and government contracting industries digested a new round of earnings statements from more of the sector’s largest companies. Thursday’s close represents the Index’s second straight day that ended below 70 …

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L-3 Reports Net Loss for 4Q, FY 2015 on Services Segment Writedown & Sale

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L-3 Communications (NYSE: LLL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss for the second consecutive quarter on a writedown in its government services segment the company is in the process of divesting. The New York City-based defense electronics manufacturer agreed …

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January 25 Market Close: GovCon Index Falls Back Into Correction Ahead of Earnings Week for ‘Big Five’ Contractors and Others

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The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a batch of …

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Weekly Roundup Jan. 18 – Jan. 22 2016: Analysts Call Defense Stocks Steady in Wild Market & more

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Jan. 18 – Jan. 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Volatility in financial markets has become a fact of life all over the world and has sent investors questioning where the opportunities are in the midst of headwinds such as declining …

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