December 8 Market Close: GovCon Index Falls, Crude Oil Prices Drag Market Down

GovConIndex
The GovCon Index started the week of Dec. 8 with a decline of 0.761 percent — or 0.533 points — to close at 70.530 on Monday. Crude oil prices fell to below $63 per barrel for the first time in five years and investors reacted to other data that showed a shrinking economy in Japan, according to CNBC. The Dow Jones Industrial Average lost 0.59 percent to close at 17,852.48, the S&P...

December 4 Market Close: GovCon Index Loses Ground, Investors Await Labor Report

GovConIndex
The GovCon Index retreated Thursday by 0.223 percent — or 0.157 points — to close at 70.676, a figure that keeps the index in positive territory from the previous week. Investors reacted to the European Central Bank’s decision to not take any action on a potential stimulus until at least early next year and will have their eye on Friday’s employment report from the Labor...

IARPA Taps IBM, Northrop, Raytheon BBN Teams for Cryogenic Computer Tech Program

Cryogenic-computer
The Intelligence Advanced Research Projects Activity has selected three industry teams to perform research and development work on a future energy-efficient superconducting computer as part of IARPA’s multi-year Cryogenic Computer Complexity program. The Office of the Director of National Intelligence said Wednesday that teams led by IBM, Northrop Grumman and Raytheon‘s BBN Technologies...

Raytheon to Design Defense Operation Center for Qatar Under FMS Program; Dave Gulla Comments

Raytheon logo
Raytheon Co. (NYSE: RTN) will design an air and missile defense operation center for Qatar under a $75.6 million foreign military sale contract between the Middle East nation and the U.S. The defense operation center incorporates the Patriot system, Early Warning Radar and terminal high altitude area defense system, Raytheon said Monday. “The ADOC will have the latest command and control,...

November 24 Morning Report: GovCon Index to Open at 69.6

GovConIndex
The GovCon Index ended Friday with a gain of 0.687 percent ahead of the Thanksgiving week to close at 69.600. The Wall Street Journal reported a Dow Jones Industrial Average increase of 0.51 percent to close at 17,810.06, a S&P 500 composite index’s gain of 0.52 percent to 2,063.50 and a NASDAQ composite index’s rise of 0.24 percent to 4,712.97. Top Percentage Gainers Company Stock...

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 to Open at 68.933

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...