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Tag Archives: Northrop Grumman

NNSA Picks Lockheed Subsidiary for $5B Follow-On Nevada Natl Security Site Operations Contract

nuclear power plant

A subsidiary of Lockheed Martin (NYSE: LMT) has won a potential 10-year, $5 billion contract to help the National Nuclear Security Administration manage and operate the Nevada National Security Site. NNSA said Friday it chose Lockheed subsidiary Nevada Site Science Support and Technologies Corp.‘s proposal for the follow-on NNSS M&O contract through a …

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Northrop Awarded $73M to Support Army’s Air & Missile Defense Planning, Control System

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The U.S. Army has awarded Northrop Grumman (NYSE: NOC) a potential $73 million contract to provide tactical support services for the military branch’s air and missile defense planning and control system. Northrop will perform engineering and technical services under the cost-plus-fixed-fee contract through Sept. 2, 2021, the Defense Department said Friday. The Army Contracting Command will …

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August 29 Morning Report: GovCon Index Posts Friday, Weekly Loss on Federal Reserve’s Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price stability has strengthened the case for another interest rate hike potentially next …

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August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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Weekly Roundup August 22 – August 26 2016: JPMorgan Analyst Bullish on Defense & more

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August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued “green” movement in …

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Northrop Grumman Donates UAS for Northland College Training Program

northrop Grumman_BLUE

TYSONS CORNER, VA, Aug. 26, 2016 — Northrop Grumman (NYSE: NOC) has donated a Bat multi-mission unmanned aircraft system and associated equipment to Northland Community & Technical College in efforts to expand UAS operations in the Red River Valley in North Dakota and Minnesota, GovCon Executive reported Thursday. NCTC said Tuesday it will use the drone to support …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

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Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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Northrop to Update Global Hawk Ground Segment Under Air Force Contract

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TYSONS CORNER, VA, Aug. 24, 2016 — Northrop Grumman (NYSE: NOC) has received a contract from the U.S. Air Force to update the ground control segment of the service branch’s Global Hawk unmanned aircraft systems, ExecutiveBiz reported Tuesday. The company said Monday it will provide a scalable cockpit architecture and new command-and-control tools and cybersecurity …

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August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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August 22 Market Close: GovCon Index Rises Against Choppy US Stock Trade

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Executive Mosaic’s GovCon Index recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets as speculation over the next interest rate hike continued to dominate investors’ attention. GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of the GCI’s 11 …

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