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Tag Archives: Northrop Grumman

February 1 Market Close: GovCon Index Halves AM Losses, Stays Red as US Stocks End Day Mixed

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The GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive. Gains in technology shares such as Facebook and Google‘s parent …

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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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Northrop Posts 3% Profit Decline for 2015 on Lower Sales, Stock Buybacks Lift Year’s Earnings Past Street’s Outlook

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Northrop Grumman (NYSE: NOC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a 3.86-percent decline in profit for its 2015 fiscal year compared to 2014 on lower sales in space and restricted programs and a modest increase in pension costs. Net earnings for 2015 …

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Northrop Grumman to Deliver 5 Global Hawks to NATO

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TYSONS CORNER, VA, January 27, 2016 — Northrop Grumman (NYSE: NOC) will supply five Global Hawk ground surveillance drones and associated components to NATO by the end of the year, ExecutiveBiz reported Tuesday. Defense News reported Monday that the company will deliver the aircraft to the Sigonella Air Base in Italy, …

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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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Northrop Grumman Partners With MACOM on Radar Tech Development

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TYSONS CORNER, VA, January 21, 2016 — Northrop Grumman (NYSE: NOC) will help develop radar array systems that use the active antenna technology of M/A-COM Technology Solutions (Nasdaq: MTSI) as part of a teaming agreement between the companies, ExecutiveBiz reported Wednesday. MACOM said Tuesday the partnership works to deliver commercial radar systems …

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January 19 Market Close: GovCon Index Shows PM Turnaround to Narrow Gain, US Stocks Mixed

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The GovCon Index attempted to turn around sharp losses incurred mid-afternoon Friday during the day’s final trading hour and closed at a gain/loss of 0.086 points to 72.182. The Index had shown a decline of around 1.1 percent at around 2 p.m. Eastern time before a reversal that started shortly …

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January 11 Market Close: GovCon Index Halves Losses in PM Recovery During Volatile US Session

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The GovCon Index attempted a recovery from steep morning and midday losses as Monday’s closing bell approached after another volatile day for U.S. markets but ended at a loss of 0.531 points to 73.407. Both the GovCon Index and S&P 500 composite index were down a full percentage point in …

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