November 21 Market Close: GovCon Index Up as Investors React to China, Europe Moves

GovConIndex
The GovCon Index ended the last full trading week before this year’s Thanksgiving holiday with a modest gain of 0.687 percent Friday to close at 69.600. According to the Wall Street Journal, U.S. stocks made gains that reflected how investors reacted to comments from the European Central Bank’s chief that its stimulus program could grow in an effort to jump-start growth. China’s...

Randa Newsome to Succeed Keith Peden as Raytheon HR, Security VP; Thomas Kennedy Comments

Randa Newsome
Randa Newsome Randa Newsome, formerly a vice president at Raytheon‘s (NYSE: RTN) integrated defense systems unit, will serve as the company’s VP of human resources and global security beginning on Jan. 1. The 13-year company veteran succeeds Keith Peden, who will retire from the company after a 21-year career, Raytheon announced Thursday. “Randa is well positioned to lead the progression...

Raytheon, DRS Subsidiary Win $28M Contract for Army Tech Integration Program

Contract
Raytheon (NYSE: RTN) and a subsidiary of DRS Technologies will support the U.S. Army‘s Horizontal Technology Integration Second Generation Forward Looking Infrared program under a $28 million contract. The Defense Department said Thursday that Raytheon and DRS Network and Imaging Systems will provide manufacturing, program and configuration management, test and logistics, quality assurance...

November 17 Morning Report: GovCon Index Down on Friday’s Close

GovConIndex
The GovCon Index ended trading Friday at 68.933, down by 0.086 percent, or 0.059 points, from Thursday’s close. The Dow Jones Industrial Average declined 0.1 percent to 17634.74, while the S&P 500 composite index increased 0.02 percent to 2039.82 and the NASDAQ composite index grew 0.18 percent to 4688.54.   Top Percentage Gainers Company Stock Price $ Change % Change Maximus $52.57 $2.35 4.68% CGI...

November 14 Market Close: GovCon Index Ends Week With Nominal Decline

GovConIndex
The GovCon Index did not make it five-for-five on positive closing figures for this week as it ended Friday’s trading day at 68.933 — a decrease from Thursday’s figure by 0.086 percent, or 0.059 points. A mixed day reflected investors’ attitude toward improved consumer confidence numbers and a 0.3 percent increase in retail sales for October, according to CNBC’s market...

Raytheon Awarded Military Pilot Training Contract Modification

Raytheon logo
Raytheon has received a $13.5 million task order modification to train an additional 24 Afghan pilots under the U.S.’ New Dawn warfighter training program. The company will help the Afghan fixed- and rotary-wing aircraft pilots to achieve the equivalent of a commercial pilot certification through the U.S. Army‘s Warfighter Field Operations Customer Support contract, Raytheon said Monday. “Helping...

Raytheon to Build Griffin Missiles for US Air Force

Raytheon logo
Raytheon (NYSE: RTN) has been contracted to build Griffin missiles and provide related support services to the U.S. Air Force under a project worth nearly $85.5 million. The company is set to complete the delivery of Griffin A and B Block II/III missiles and test equipment to the Air Force by Oct. 30, 2017, Raytheon said Friday. The Griffin multiplatform weapon works to engage targets through GPS...

State Dept OKs $1.4B PAC-3 Missile Sale to South Korea

MissileDefense
State Dept. photo The State Department has approved a $1.405 billion foreign military sale of Patriot Advanced Capability missiles and components to South Korea. Raytheon (NYSE: RTN) and Lockheed Martin‘s (NYSE: LMT) missiles and fire control business are the primary contractors for the sale, the State Department said Wednesday. South Korea has ordered 136 PAC-3 missiles with containers, flight...

Lynn Dugle: Raytheon Buys Blackbird Technologies to Further ISR, Cyber Defense Work

Lynn Dugle
Lynn Dugle Raytheon (NYSE: RTN) has bought Blackbird Technologies for approximately $420 million in a move aimed at growing Raytheon’s cybersecurity, ISR and special operations technology offerings. Herndon-based Blackbird will operate under Raytheon’s intelligence, information and services business organization, Raytheon said Wednesday. “Blackbird Technologies is a strong fit for...

November 5 Morning Report: GovCon Index Up on Tuesday’s Close

GovConIndex
The GovCon Index closed Tuesday at 68.521, slightly up 0.082 or 0.120 percent. U.S. stocks ended mixed on the back of anxious investors over the congressional elections and an oil price drop, CNBC reported Tuesday. The Dow Jones Industrial Average went up 17.60 points, or 0.1 percent, to 17,383.84, while the Standard & Poors 500 lost 5.71 points, or 0.3 percent, to close at 2,012.10.   Top...