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Tag Archives: Northrop Grumman

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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Northrop-Led Team Awarded $92M Contract to Update CMS’ Fraud Prevention System

healthcare-system

A team led by Northrop Grumman (NYSE: NOC) has been awarded a potential five-year, $91.6 million contract to update a technology platform that the Centers for Medicare and Medicaid Services uses to identify improper, fraudulent and wasteful Medicare payments. The company will lead a team comprising of seven contractors to build the second version of CMS’ …

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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 …

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Drone Aviation Chairman Jay Nussbaum Adds CEO Title

Jay Nussbaum

Jay Nussbaum, chairman of the board at Drone Aviation Holding Corp. since June 2015, will serve in the additional role of CEO at the Jacksonville, Florida-based tethered and unmanned aerial systems manufacturer. The nearly 40-year sales and business management veteran succeeds Kevin Hess, who has moved to his new role as chief …

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Army Taps Lockheed, Northrop JV for $117M Apache Radar FMS Contract With India

Apache

A Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) joint venture has secured a potential $116.7 million contract to produce fire control radar systems for India through a foreign military sales deal. Longbow LLC will also support the U.S. Army‘s Apache Attack Helicopter Project Management Office under the firm-fixed-price contract, the Defense …

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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 …

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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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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. …

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Northrop Lands $62M Option on Air Force Comms Payload Support Contract

northrop Grumman_BLUE

Northrop Grumman (NYSE: NOC) has received a $61.7 million contract modification to support battlefield airborne communication node technology for the U.S. Air Force. The modification exercises an option on a previously awarded contract for BACN payload operations and support services, the Defense Department said Thursday. BACN is designed to integrate with Northrop-built Global Hawk unmanned …

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April 27 Market Close: GovCon Index Boosted By Defense Prime Gains After 1Q Earnings Reports

GovConIndexUP

The GovCon Index soared 1.396 percent to 77.998 Wednesday on a series of pre-market earnings reports from several large defense prime contractors as Boeing (NYSE: BA) overcame an early morning decline to close in positive. GovCon Wire posted a summary of all six GovCon Index-related earnings figures plus that of United Technologies Corp. (NYSE: UTX) …

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