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March 28 3:00 PM Market Report: GovCon Index and Markets Reverse Direction

As of 3:00 PM (EST) the Executive Mosaic’s GovCon Index reversed its three day downward trend to post positive gain of 0.846 to 91.969. The major indices were all up on the day with the S&P500 at 2,361.81 up 20.04 points, the DJIA reaching 20,719.45 up 172.67 points, and the NASDAQ …

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MDA, Raytheon Update SM-3 Block IIA Missile With New Sensors, Software

TYSONS CORNER, VA, March 28, 2017 — Raytheon (NYSE: RTN) has worked with the Missile Defense Agency to integrate new sensors, software and infrared seeker technology to the Standard Missile-3 IIA in efforts to address space-based threats, ExecutiveBiz reported Monday. Defense Systems reported Friday the team also held a demonstration of the updated …

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March 27 Market Close: GovCon Index, S&P500, and DJIA Reach New 30 Day Lows

Executive Mosaic’s GovCon Index reaches new 30 day low to close at 91.123 down 0.425 percent. The major U.S. markets closed mixed on the day with the S&P500 and DJIA reaching new 30 day lows and the NASDAQ closing up. Investors are still trying to figure the impact of Trump’s no …

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Raytheon Vet Scott Whatmough Joins Engility as Defense Group SVP

Scott Whatmough, a 30-year veteran of Raytheon (NYSE: RTN), has been named senior vice president of the defense group at Engility (NYSE: EGL). Engility said Monday Whatmough will lead the group that offers technical and engineering support services to the Defense Department in his new position. “Scott is a highly-respected and accomplished leader with strong relationships in the Pentagon and the …

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March 23 Market Close: GovCon Index and Markets Close Down on Delayed Healthcare Vote

Executive Mosaic’s GovCon Index moved down in lock step with the major U.S. markets. The major U.S. markets reversed their earlier gains to close down late in the day as the GOP delayed the vote on their healthcare bill. The Trump administration are still attempting to reach agreement with conservative Republicans …

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Dave Wajsgras, Raytheon President for Intelligence, Info & Services, Included in 2017 Wash100

Executive Mosaic, Tysons Corner, VA March 23, 2017 — Dave Wajsgras, president of Raytheon‘s intelligence, information and services business segment, has been inducted into this year’s Executive Mosaic Wash100 for his leadership in cyber defense and talent development. The Wash100 is the premier group of private and public sector executives selected …

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Report: Former Unicredit CEO Alessandro Profumo to Succeed Mauro Moretti as Leonardo CEO

Alessandro Profumo, former CEO of Italian bank Unicredit, has been tapped by the Italian government to succeed Mauro Moretti as CEO of Leonardo, Defense News reported Saturday. A spokesman for Italy’s finance ministry told Defense News that Profumo will work to support the state-controlled defense contractor’s business development efforts in the …

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March 20 Morning Report: GovCon Index Closes Week in the Positive as Fed Raises Rates To 1.00 Percent

On Wednesday of last the Federal Reserve raised rates by one quarter point to 1.0 percent, while giving a strong indication of the potential for two additional rate increases to come later in the year. Executive Mosaic’s GovCon Index moved up to end the week in the positive. The Index closed …

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March 17 Market Close: GovCon Index Ends Week Up, as Markets Show Modest Weekly Gains

Executive Mosaic’s GovCon Index moved contrary to the markets today to end the week in the positive. The Index closed at 94.094, up 0.853 percent from the week’s open. The markets closed mixed for the day with the S&P 500 and DJIA closing down, 0.13 percent and 0.10 percent respectively. The …

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Dan Johnson, EVP of General Dynamics Info Systems & Technology Unit, Added to 2017 Wash100

Executive Mosaic, Tysons Corner, VA March 14, 2017 — Dan Johnson, executive vice president of the information systems and technology segment at General Dynamics, has been named to this year’s Executive Mosaic Wash100 for his leadership in cyber and intelligence programs. The Wash100 is the premier group of private and public …

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