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Tag Archives: Northrop Grumman

September 20th Market Close: GovConIndex Closes Up and Major Indices Close Mixed

The Executive Mosaic GovCon Index (GCI) continued to post gains for the fourth consecutive day, reaching another new YTD record high. The CGI closed at 105.45 up 0.552 percent with advancing shares outpacing declining 3 to 1. Markets showed little change on the day as the Fed delivered their message to shrink the …

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Raytheon, Northrop Vet Ellen Minderman Joins Research Innovations as C4I VP

Ellen Minderman, formerly director of enterprise solutions at Raytheon‘s (NYSE: RTN) intelligence, information and services business, has joined Research Innovations Inc. as vice president of command, control, communications, computers and intelligence. RII said Tuesday Minderman will oversee the company’s C41 business unit that covers joint command-and-control and targeting, mobile and …

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Heather Wilson: Air Force to Keep an Eye on Northrop-Orbital ATK Merger Plan

Air Force Secretary Heather Wilson has said she has no concerns on Northrop Grumman’s (NYSE: NOC) proposal to acquire Orbital ATK (NYSE: OA) and that the service branch intends to monitor the transaction’s progress, Defense News reported Tuesday. “Obviously, we watch these things and make sure that no matter [what] happens …

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September 19th Market Close: GovConIndex Up as the Major Indices All Set New Records

The Executive Mosaic GovCon Index (GCI) posted another YTD high with its third consecutive daily increase, up 0.867 percent to 104.825. Engility Holdings topped the GCI with an almost 5 percent daily gain, while SAIC, AECOM, ICF, and ManTech International all posted greater than 2 percent increase on the day. All three major …

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September 18th Market Close: GovConIndex Rises on News of Northrop’s Acquisition of Orbital ATK

The Executive Mosaic GovCon Index (GCI) increased significantly on the day reaching a new YTD high of 104.137 up 1.786 percent. Orbital ATK  and Northrop Grumman top the GCI with the news of Northrop Grumman’s intent to acquire the global aerospace and defense company. The three major indices all closed in the positive. …

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Northrop to Buy Orbital ATK in Potential $9.2B Deal; Wes Bush, David Thompson Comment

Northrop Grumman (NYSE: NOC) has agreed to purchase Orbital ATK (NYSE: OA) for approximately $9.2 billion in a push to accelerate innovation efforts and expand technology offerings. Falls Church, Virginia-based Northrop said Monday it will pay $7.8 billion in cash and assume $1.4 billion in net debt from Orbital ATK under the transaction. …

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Reports: Northrop Close to Sealing $7.8B Cash Deal for Orbital ATK

Northrop Grumman (NYSE: NOC) is close to finalizing an agreement to buy Orbital ATK (NYSE: OA) as Northrop aims to broaden its portfolio of missiles and space platforms, Defense News reported Monday. Defense News cited a Wall Street Journal report that says both companies could unveil the transaction as early as Monday …

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State Dept OKs Potential $5.23B Boeing Super Hornet Aircraft Sale to Canada

The State Department has approved Canada’s request to buy Boeing-built (NYSE: BA) F/A-18 Super Hornet aircraft and related equipment and services from the U.S. government under a potential $5.23 billion foreign military sales agreement. Boeing, Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN) and General Electric (NYSE: GE) will serve as principal contractors …

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Report: CSRA Lands $2.4B NSA Enterprise IT Support Recompete

CSRA (NYSE: CSRA) has secured a potential 10-year, $2.4 billion follow-on contract from the National Security Agency for enterprise information technology services, Nextgov reported Tuesday. The company said in a Sept. 5 filing with the Securities & Exchange Commission it won the recompete contract from a Defense Department agency through …

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September 11th Morning Report: Friday Close – GovCon Index and Markets All Down For The Week

The Executive Mosaic GovCon Index (GCI) ended Friday down .745 percent from Tuesday’s opening value. Friday saw the platform companies Navistar International, BAE Systems, Textron Inc., and Boeing all sharing the top four slots of the GCI, all posting in excess of 1.0 percent gains. The short trading week saw the major …

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