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Tag Archives: Northrop Grumman

June 28 Market Close: GovCon Index Shows Rebound as Markets Attempt Reversal From Brexit Shock

GovConIndexUP

Executive Mosaic’s GovCon Index received a modest boost Tuesday from attempts by U.S. and global equity markets to shake off a two-day rout spurred by Britain’s vote to leave the European Union with help from strong activity in McKesson Corp. (NYSE: MCK) and Honeywell (NYSE: HON). The GovCon Index gained 0.725 points to 76.502 as the …

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June 27 Market Close: GovCon Index Plunge Deepens on Post-Brexit Fallout’s Second Day

GovConIndexDOWN

The GovCon Index lost two full percentage points for a second consecutive trading session Monday as global financial markets continued to indicate investor concerns over the prospects of Britain’s vote Thursday to leave the European Union. Executive Mosaic‘s GovCon Index closed down 2.004 percent to 75.777 with Vectrus (NYSE: VEC) and Northrop Grumman …

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June 24 Market Close: GovCon Index Plummets on Brexit Vote Fallout, Raytheon Lone Gainer

GovConIndexDOWN

The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent …

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June 23 Market Close: GCI Up, CACI Guidance Miss & Downgrade Weigh as Markets Bet Against Brexit

GovConIndexUP

The GovCon Index lifted Thursday on U.S. investor speculation that Britain would vote in its referendum to remain in the European Union but felt some downward pressure from a guidance miss by CACI International (NYSE: CACI) and a subsequent downgrade on the stock. Executive Mosaic‘s GovCon Index of 30 publicly traded contractors rose 0.365 points …

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Chris Deegan Promoted to CEO at Maritime Engineering Contractor Gibbs & Cox

Gibbs & Cox (GCW)

Maritime engineering and design company Gibbs & Cox has appointed Chris Deegan, former vice president of the company’s engineering group, to the roles of president and CEO. The Arlington, Virginia-based contractor said Tuesday Deegan will succeed Rick Biben, who will continue to serve on G&C’s board of directors. “Chris has delivered exceptional results in every …

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Northrop Lands $203M Option on Air Force Global Hawk Logistics, Sustainment Contract

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The U.S. Air Force has awarded Northrop Grumman (NYSE: NOC) a potential one-year, $203.5 million contract modification to continue to provide sustainment and logistics support for the service branch’s Global Hawk unmanned aerial systems. The company will supply additional materials and provide maintenance, planning and operations services to exercise an option …

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Air Force Taps M1 Support Services For $194M T-38 Aircraft Maintenance Contract

T-38

M1 Support Services has won a $193.8 million contract from the U.S. Air Force for the operations and maintenance of the Northrop Grumman-built (NYSE: NOC) T-38 Talon trainer aircraft. The Defense Department said Tuesday the contract requires M1 to provide support on companion training services for B-2 and U-2 pilots and adversary air assets …

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Northrop Gets OTA Modification for DARPA Reconnaissance UAS Demonstrator Devt

TERN

Northrop Grumman (NYSE: NOC) has received a $17.8 million “other transaction” agreement modification from the Defense Advanced Research Projects Agency to perform additional tasks under phase III of the Tactically Exploited Reconnaissance Node project. The company will work to fabricate, assemble and checkout a second Tern unmanned air vehicle demonstrator platform for the …

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CMS Picks 80 Companies for Potential $25B IT Services IDIQ

electronic-health-record-EHR

The Centers for Medicare and Medicaid Services has awarded 80 companies positions on a potential 10-year, $25 billion contract vehicle the agency intends to use as its primary mechanism for acquisitions of information technology services via task orders. CMS released the list of awardees in a Wednesday FedBizOpps notice and said all operational divisions of its Cabinet parent Department …

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June 15 Market Close: GovCon Index, US Stocks Choppy as Fed Holds Line on Interest Rates

GovConIndexDOWN

The GovCon Index hit choppy trade in the late afternoon session Wednesday and closed at a narrow loss of 0.094 points to 78.850 as investors examined the Federal Reserve‘s latest policy statement that left current interest rates unchanged. Central bank leaders held the federal funds rate at between one-quarter and one-half …

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