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Tag Archives: rtn

January 20 Market Close: GovCon Index Inches Gain, US Stocks Pare Advances After Trump Inaugural Speech

Executive Mosaic’s GovCon Index held higher Friday to post a weekly advance on boosts from from blue chip stock McKesson Corp. (NYSE: MCK) and aerospace company Rockwell Collins (NYSE: COL) after a first quarter earnings. U.S. stocks sharply pared their gains after now President Donald Trump’s inaugural speech as uncertainty set in equity markets on uncertainty …

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January 19 Market Close: GovCon Index Lifted by Platform Maker Gains Against Red Majority Ahead of Inauguration

Executive Mosaic’s GovCon Index closed higher Thursday as gains by large defense platform and product makers helped offset declines by a majority of the GCI’s 30 stocks with mid-tier prime contractors and government services providers in red. U.S. stocks traded lower by comparison with real estate the largest drag on equities in the …

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Retired Navy Adm. James Winnefeld Joins Raytheon Board; Thomas Kennedy Comments

James Winnefeld Jr., a retired U.S. Navy admiral and former vice chairman of the Joint Chiefs of Staff, has been elected to Raytheon‘s (NYSE: RTN) board of directors. The 37-year Navy veteran previously led the North American Aerospace Defense Command and the U.S. Northern Command, Raytheon said Wednesday. “Sandy brings significant expertise …

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January 18 Market Close: GovCon Index Higher, US Stocks Mixed After Fed Chair Speech

Executive Mosaic’s GovCon Index traded higher Wednesday on help from its large-cap components against mixed U.S. stock movements as investors awaited Federal Reserve chair Janet Yellen’s speech on the U.S. economy during the last hour of trade. GovCon Index gainers slightly edged decliners each and nine of its 11 S&P 500 companies advanced with co-listed Raytheon (NYSE: …

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RapidSOS Appoints Former Raytheon Chair, CEO William Swanson to Advisory Board

TYSONS CORNER, VA, Jan. 13, 2017 — RapidSOS has named William Swanson, former Raytheon (NYSE: RTN) chairman and CEO, to the advisory board of the New York-based emergency communications technology company, GovCon Executive reported Thursday. Swanson has at least 40 years of experience in cybersecurity, defense and communications, RapidSOS said Tuesday. He held various …

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DoD Approves Sale of Raytheon SM-6 Missiles to International Clients

TYSONS CORNER, VA, Jan. 12, 2017 — Raytheon‘s (NYSE: RTN) Standard Missile – 6 has been approved by the Defense Department to be sold to several international customers that seek to use the missiles to support their shipbuilding programs, ExecutiveBiz reported Wednesday. The company said Tuesday SM-6 is designed to provide naval ships with …

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January 10 Market Close: GovCon Index Moves Narrowly Green, S&P 500 Closes at No Change

Executive Mosaic’s GovCon Index traded narrowly higher Tuesday with help from middle-tier and government services companies to offset losses by large primes as U.S. stocks recorded another mixed session that saw industrials lag and healthcare stocks climb. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio as five of its 11 S&P …

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Raytheon Receives USAF Modification for System Verification Test Support FMS Deal

TYSONS CORNER, VA, Jan. 5, 2017 — The U.S. Air Force has awarded Raytheon (NYSE: RTN) a $9.1 million contract modification to provide system verification test services to Qatar’s air and missile defense operations center as part of the foreign military sales program, ExecutiveBiz reported Wednesday. The company’s integrated defense systems sector will …

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Boeing to Help Integrate Navy EA-18G Jammer Pods Under $308M Contract Modification

Boeing (NYSE: BA) has received a $308.3 million contract modification from the U.S. Navy to support the engineering change proposal integration of jammer pods onto EA-18G Growler aircraft. The Defense Department said Thursday the company will provide necessary equipment for system integration laboratories; design and manufacture 12 ECP 6472 A kits; and integrate, demonstrate and …

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December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

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