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Tag Archives: Northrop Grumman

July 25 Morning Report: GovCon Index Posts Friday Gain, Nominal 5-Day Decline Ahead of Q2 Reports

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Executive Mosaic’s GovCon Index closed Friday with a gain of 0.289 points to 81.788 but remained in the negative with a nominal five-day 0.031-point drop. The decline comes amid the large selloff of stocks in the defense and GovCon sectors Thursday as reports on second-quarter earnings among government contracting companies start coming in. GCI second-quarter reports Friday came …

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July 22 Market Close: GovCon Index Shakes Off Weak Open, Honeywell Plummets on Sales Outlook Cut

GovConIndexUP

Executive Mosaic’s GovCon Index reversed an initial weak open to register a gain Friday that was not enough to push the GCI to positive for the week as second quarter earnings reports started for government contracting companies. The GovCon Index added 0.289 points to 81.788 Friday but ended at a nominal five-day decline of 0.031 points with …

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Weekly Roundup July 18 – July 22 2016: 2Q Earnings Season to Hit High Gear & more

budget-analysis-review

July 18 – July 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson    As is the custom of recent times, Lockheed Martin started a new earnings season for GovCon companies Tuesday with a boost to its full-year guidance and second quarter financial …

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July 21 Market Close: GovCon Index Falls on Defense Prime Losses, Oil Decline Holds Down US Stocks

GovConIndexDOWN

Executive Mosaic’s GovCon Index tumbled Thursday on large declines among defense prime companies as U.S. stocks traded lower on falling oil prices and mixed earnings reports among blue chips. The GovCon Index declined 0.694 points to 81.499  as none of the GCI’s 11 S&P 500-listed stocks closed at a gain with eight in the U.S. stock …

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July 19 Market Close: GovCon Index Flat, Lockheed Gains on 2Q Beat Despite F-35 & Profit Caution

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Executive Mosaic’s GovCon Index scored a gain in choppy trade Tuesday on help from defense prime stocks such as Lockheed Martin (NYSE: LMT), which posted second quarter earnings and sales above analyst expectations but issued some caution to analysts on future earnings and the F-35 program. The GovCon Index closed up …

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Lockheed Boosts Full-Year Guidance on 2Q Earnings, Revenue Beats

F35C launch on USS Nimitz

Lockheed Martin (NYSE: LMT) lifted full-year earnings and revenue guidance Tuesday and exceeded analysts’ second quarter estimates for both figures on sales from the Sikorsky helicopter business acquired in November as negotiations between the company and U.S. government continue on the next two F-35 fighter jet batches. Bethesda, Maryland-based Lockheed said it now expects 2016 …

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NASA Taps 5 Companies to Develop Mars Orbiter Concepts

NASA Mars exploration program

NASA has awarded separate contracts to five companies to perform concept studies for a future Mars orbiter mission as part of efforts to develop telecommunications and global high-resolution imaging tools to support the space agency’s exploration of the Red Planet. The agency said Monday its Jet Propulsion Laboratory will manage four-month concept studies by Boeing (NYSE: BA), Lockheed …

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Lockheed-Northrop JV to Update Apache Radar System Under $90M Army Contract

Apache

A joint venture of Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) has received a potential $89.8 million contract to update the fire control radar systems on the U.S. Army’s Apache helicopters. Longbow LLC will perform software updates and build 84 radar electronics units under the contract, Lockheed said Wednesday. The Longbow Fire Control …

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July 13 Market Close: GovCon Index Posts 4th Straight Gain, US Stocks Narrow on Oil Decline

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Executive Mosaic’s GovCon Index held positive throughout Wednesday trade as U.S. stocks traded in narrow range on a fall in crude oil prices with second quarter earnings season on the horizon. The GovCon Index gained 0.229 points to a new record of 81.751 with eight of the GCI’s 11 S&P 500 stocks in green …

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July 12 Market Close: GovCon Index, S&P 500 Set Record Highs for 2nd Straight Close

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Executive Mosaic’s GovCon Index and the U.S. stock bellwether S&P 500 composite index closed at record highs Tuesday for the second consecutive day as markets continue to shed fears over potential ramifications from the Brexit and investors show more willingness to take risks. The GovCon Index recorded a gain of 0.416 points …

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