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Tag Archives: rtn

Lockheed, Raytheon CEOs Highlight Intl Sales Environment Amid Oil Price Headwinds & Incoming Trump Administration

ArmyLogistics

The chief executives of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) described to investors Wednesday their expectations of the foreign military sales environment in light of oil price volatility worldwide and President-elect Donald Trump’s campaign suggestion that U.S. allies contribute more financial resources to their own defense. Both CEOs told …

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November 29 Market Close: GovCon Index Briefly Touches, Closes Short of 90 Points

GovConIndexUP

Executive Mosaic’s GovCon Index ended at an all-time record close for a fourth session over the last five Tuesday and briefly touched the 90-point barrier for the first time in its two-year history during afternoon trade to resume its post-election rally with defense stocks in particular strong performers. The U.S. equity benchmark S&P 500 also climbed …

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November 28 Market Close: GovCon Index Down as Post-Election Rally Pauses

GovConIndexDOWN

Executive Mosaic’s GovCon Index ended its six-day win streak Monday as U.S. stocks also took a break from the post-election rally after a stretch that saw equities post three straight weekly gains. GovCon Index decliners edged gainers and six of its 11 S&P 500 components advanced with General Dynamics (NYSE: GD) the …

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Raytheon, U-Mass Receive Funds to Develop Flexible Manufacturing Process

electronics

TYSONS CORNER, VA, Nov. 28, 2016 — Raytheon‘s (NYSE: RTN) Integrated Defense Systems subsidiary and the University of Massachusetts’ Lowell Nanomanufacturing Center have received a $1.9 million NextFlex grant to support the development of flexible electronic manufacturing, ExecutiveBiz reported Wednesday. The Lowell Sun reported Tuesday that the Raytheon\U-Mass developed process …

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Raytheon Plans to Expand Southern Arizona Missile Systems Business

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TYSONS CORNER, VA, Nov. 22, 2016 — Raytheon (NYSE: RTN) plans to expand its missile systems operations and add close to 2,000 jobs at the business headquarters in Tucson, Arizona, over a five-year period, ExecutiveBiz reported Monday. The company said Friday its job creation, facilities expansion and operational output are aimed …

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November 18 Market Close: GovCon Index Narrowly Green to Close 2nd Straight Weekly Gain

GovConIndexUP

Executive Mosaic’s GovCon Index posted a small gain Friday to register its second consecutive weekly gain on continued positive sentiment among investors toward defense stocks compared to other sectors. U.S. stocks traded lower Friday on healthcare sector declines to continue the slowdown in markets from the post-election rally but the S&P 500 …

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November 17 Market Close: GovCon Index Nudges Green, Fed Chair Tells Congress Rate Hike Near

GovConIndexUP

Executive Mosaic’s GovCon Index nudged a slight gain Thursday in a mostly positive session for the U.S. stock market at-large as investors listened to Federal Reserve Chair Janet Yellen’s congressional testimony. GovCon Index decliners edged advancers and three of its 11 S&P 500 components closed green with Honeywell International (NYSE: HON) the best net gainer among …

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November 15 Market Close: GovCon Index Post-Election Gain Streak Ends With 1% Decline, US Stocks Advance

GovConIndexDOWN

Executive Mosaic’s GovCon Index ended its four-day post-election gain streak with a 1-percent decline Tuesday as investors sold defense shares that had surged since Donald Trump’s U.S. presidential election victory Nov. 8. In contrast, U.S. stocks were lifted Tuesday on bounces in technology and energy shares as the latter sector rose in conjunction with …

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November 14 Market Close: GovCon Index Posts 4th Straight 1%-Plus Gain, AECOM Surges on CEO’s Infrastructure Comments

GovConIndexUP

Executive Mosaic’s GovCon Index added at least 1 full percent for a fourth consecutive session Monday to new all-time high as defense primes continued to lead gainers and construction company AECOM (NYSE: ACM) also climbed after its CEO offered investors a positive outlook on U.S. infrastructure spending. GovCon Index gainers outnumbered …

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Air Force Exercises $76M Contract Option for Raytheon Aerial Decoy Jammers

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Raytheon (NYSE: RTN) has received a $76.1 million contract option to continue the production of Miniature Air Launched Decoy Jammer flight vehicles and support equipment for the U.S. Air Force. The Defense Department said Thursday the exercised option covers lot 10 of MALD-J vehicles and Raytheon’s missile systems business will perform work in Tucson, Arizona through …

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