December 10 Market Close: GovCon Index Tumbles, SAIC Jumps for 2nd Straight Day

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The GovCon Index tumbled 2.055 percent — or 1.394 points — to close at 69.214 on a Wednesday that saw only two out of 30 companies on the index show gains: Science Applications International Corp. (NYSE: SAI) and Serco Inc. SAIC’s stock price increased for a second consecutive day after the company said its third-quarter revenue increased 2 percent year-over-year when excluding...

December 9 Market Close: GovCon Index Stalls as Concerns Over Greece, China Weigh on Market

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The GovCon Index stayed largely flat Tuesday and recorded a tiny increase of 0.112 percent — or 0.079 points — to close a 70.609 on Tuesday in a mixed day across the major stock indices. Investors reacted to China’s decision to limit use of some bonds for loans and Greece’s new timeline for parliamentary elections that could see a new political party in power that opposes the...

SAIC Reports Slight 3Q Revenue, Profit Bumps

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Science Applications International Corp. (NYSE: SAI) has reported financial results for the third quarter of the company’s 2015 fiscal year ended Oct. 31, 2014, almost a year after SAIC completed its separation from the company now known as Leidos (NYSE: LDOS). McLean, Virginia-based SAIC officially became an independent company on Sept. 27, 2013 during the first quarter of the 2014 fiscal...

November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

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The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115. Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over medium-term inflation, CNBC reported. Fed members expect inflation to...

November 10 End of Day Report: GovCon Index Holds Relatively Level From Friday’s Close

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The GovCon Index ended Monday’s trading day at 68.240 — a nominal increase of 0.311 percent from Friday, or 0.213 points. CNBC reported that the Dow Jones Industrial Average and S&P 500 composite index both closed Monday at record highs on the heels of positive earnings reports and price increases of healthcare stocks during the trading day. The Dow closed 0.23 percent higher...

November 6 Morning Report: GovCon Index Down on Wednesday’s Close

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The GovCon Index closed Wednesday at 68.400, down 0.093 or 0.137 percent.         Top Percentage Gainers Company Stock Price % Change ManTech International Corp. 29.71 3.30% Navistar 35.83 2.52% Textron 42.05 1.64% Honeywell 96.71 1.49% SAIC 50.32 1.41% Market Summary Advancing Issues 18 (60.00%) Declining Issues 12 (50.00%) Unchanged Issues 0 The Executive...

November 4 Morning Report: GovCon Index Up on Monday’s Close

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The GovCon Index closed Monday at 68.439, slightly up 0.022 or 0.032 percent. U.S. indexes hit intraday highs before ending lower ahead of the Tuesday midterm elections, Market Watch reported Monday. The Dow Jones industrial average closed at 17,366.24, down 24.28 points or 0.1 percent, while the Standard & Poors 500 benchmark index ended at 2,017.81, down 0.24 point or 0.01 percent.   Top...

November 3 Morning Report: GovCon Index to Open at 68.417

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The GovCon Index closed Friday at 68.417, up 0.714 or 1.033 percent. Market indicators ended the month of October on a high Friday, with the Dow Jones industrial average adding 195.10 points (1.1 percent) to end at 17,390.52, according to a Market Watch report. Standard & Poor’s 500 gained 23.40 points, or 1.2 percent, to close at 2,018.05, and the Nasdaq composite gained 64.60 points (1.4...

October 30 Morning Report: GovCon Index Down on Wednesday’s Close

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The GovCon Index closed Wednesday at 66.977, down 0.297 or 0.445 percent. The Federal Reserve has ended a bond-buying program it had imposed to stimulate the economy, an announcement Reuters said Wednesday sent indicators to finish on a low. The Dow Jones fell 31.44 points, or 0.18 percent, to 16,974.1. The Standard & Poors 500 fell 2.75 points, or 0.14 percent, to 1,982.3. Nasdaq lost 15.07...

Mark Escobar: SAIC to Help Manage Supply Chain, Logistics at Navy Fleet Readiness Hubs

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Science Applications International Corp. (NYSE: SAIC) has won a potential 10-year, $240 million contract to provide supply chain management and logistics services to the U.S. Navy‘s fleet readiness centers. The FRCs work to maintain and repair naval aircraft, as well as build airframes, engines, components and support equipment for the Naval Aviation Enterprise, SAIC said Monday. The indefinite-delivery/indefinite-quantity...