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February 24 Market Close: GovCon Index Up, Records 4th Straight Weekly Gain

Executive Mosaic’s GovCon Index closed higher Friday to end its fourth straight weekly gain as investors eyed defense stocks after President Donald Trump repeated his election campaign pledge to build up the military during a speech in Washington. U.S. equities also posted narrow gains and the benchmark S&P 500 composite index ended the …

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February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

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Govt Services Vet Tina Dolph Joins FCi Federal in EVP, GM Role

Tina Dolph, former president of ASRC Federal‘s information and technical solutions group and a 25-year government services veteran, has been named executive vice president and general manager of State Department programs at FCi Federal. FCi said Tuesday she will also explore potential market opportunities for the Ashburn, Virginia-based operations management and professional services contractor …

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February 17 Market Close: GovCon Index Sets 5th Straight Record Close on Boeing & Huntington Ingalls Lifts

Executive Mosaic’s GovCon Index crawled to a fifth straight record close Friday to extend its current stretch of weekly gains to three and record a five-day advance of 2.72 percent . The U.S. stock benchmark S&P 500 also inched to a record close for a weekly gain of more than 1 percent despite investor …

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Lockheed Gets $95M Modification on Navy Trident II Missile Production Support Contract

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a one-year, $95.4 million contract modification to continue the production of Trident II D5 ballistic missiles and to support deployed missile systems. The Defense Department said Wednesday that $90.1 million in obligated contract funds will expire by the end of the current fiscal year. …

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Lockheed Secures $541M Navy Funds to Produce, Support Trident II Missile Systems

A business unit of Lockheed Martin (NYSE: LMT) has been awarded a $540.8 million contract modification to produce Trident II D5 fleet ballistic missiles for the U.S. Navy. The Defense Department said Tuesday that Lockheed’s space systems business will also support deployed Trident II missile systems under the modification. DoD added it will allocate $454 …

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Former CACI SVP Jason Seibel Named CenturyLink Federal Operations Integration VP

Jason Seibel, formerly a senior vice president and division group manager at CACI International, has joined CenturyLink (NYSE: CTL) as VP of operations integration for the federal solutions business. CenturyLink said Monday Seibel will oversee the company’s proposal and capture management, product design, program and project management, network operations, government services and support engineering functions in his new position. He …

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February 13 Market Close: GovCon Index Rises on Blue Chip Gains With Trump Tax Cuts in Focus

Executive Mosaic’s GovCon Index rose Monday in tandem with major U.S. equity indices that set new record highs as investors continued to bet President Donald Trump’s plans for lower corporate taxes and regulations can boost economic growth. GovCon Index advancers outnumbered decliners by an 8-to-1 ratio as 10 of its 11 S&P …

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Lockheed-Northrop-Comtech Team Integrates Comms Terminal With AEHF Network

TYSONS CORNER, VA, Feb. 13, 2017 — A Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Comtech Telecommunications (Nasdaq: CMTL) team has integrated and tested a new communications terminal with the Advanced Extremely High Frequency network, ExecutiveBiz reported Friday. The test works to check the Low Cost Terminal‘s hardware and software …

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February 10 Market Close: GovCon Index Breaks 90 After 2 Months Below Mark, Ends Week Higher

Executive Mosaic’s GovCon Index closed above the 90-point barrier for the first time in two months Friday to end the week higher as all three major U.S. stock indices closed at record highs for a second consecutive session on extended investor anticipation over President Donald Trump’s tax announcement within the next …

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