Home / Tag Archives: Raytheon

Tag Archives: Raytheon

July 29 Market Close: GovCon Index Holds in Neutral, Ends July in Green

GovConIndexDOWN

Executive Mosaic’s GovCon Index remained stuck in neutral range for a second consecutive session Friday as investors continued to gauge second quarter earnings reports from government contractors with additional statements due next week. The GovCon Index nudged down 0.065 points to 82.248, which puts the GCI at respective gains of 0.460 points for the …

Read More »

Weekly Roundup July 25 – July 29 2016: Defense Tech Makers Show Life in 2Q Earnings & more

PatriotMissile

July 25 – July 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A new earnings season continued to dominate investors’ attention spans this week and those with keen interests in the aerospace, defense and government contracting sectors were no exception. Eleven contractors …

Read More »

Raytheon to Support DISA Joint System Engineering & Integration Office

Raytheon logo

TYSONS CORNER, VA, July 29, 2016 — Raytheon (NYSE: RTN) will support the Defense Information Systems Agency‘s joint system engineering and integration office under a $40 million indefinite-delivery/indefinite-quantity contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday the contract runs through July 2021 and covers work at DISA’s facility in Arlington, Virginia. …

Read More »

Former L-3 NSS Exec Lexi Alexander Joins ASRC Federal as BD Lead; Mark Gray Comments

Lexi Alexander

Lexi Alexander, a former senior vice president at L-3 Communications (NYSE: LLL), has joined Beltsville, Maryland-based government engineering and technical services contractor ASRC Federal as SVP of business development and corporate strategy. ASRC Federal said Thursday the two-decade contracting sector veteran will focus on organic growth in her new role and be …

Read More »

July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

GovConIndexDOWN

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

Read More »

Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Money

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

Read More »

July 27 Market Close: GovCon Index Gets Lift on CGI, GD & Boeing Earnings Beats

GovConIndexUP

Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as the latter stock market bellwether attempted a late charge into …

Read More »

Raytheon Missile Defense Support Modification Increases Contract Value to $1B

MissileDefense

Raytheon (NYSE: RTN) has received a $132.4 million modification from the Missile Defense Agency that raises the ceiling value of a previously awarded contract for Ballistic Missile Defense System support services to approximately $1.1 billion. The Defense Department said Tuesday that Raytheon’s integrated defense systems unit will continue to perform software maintenance, modeling and simulation, …

Read More »

July 25 Market Close: GovCon Index Down on Prime Declines & Oil Fall, Engility Surges on Debt Refinance Plan

GovConIndexDOWN

Executive Mosaic’s GovCon Index held in slight negative range Monday as gains by services contractors Engility Holdings (NYSE: EGL) and CACI International (NYSE: CACI) failed to offset declines by defense primes and platform makers. The GovCon Index declined 0.110 points to 81.678 and only two of the GCI’s 11 S&P 500-listed stocks closed in green …

Read More »

July 25 Morning Report: GovCon Index Posts Friday Gain, Nominal 5-Day Decline Ahead of Q2 Reports

GovConIndexUP

Executive Mosaic’s GovCon Index closed Friday with a gain of 0.289 points to 81.788 but remained in the negative with a nominal five-day 0.031-point drop. The decline comes amid the large selloff of stocks in the defense and GovCon sectors Thursday as reports on second-quarter earnings among government contracting companies start coming in. GCI second-quarter reports Friday came …

Read More »