Author: Ross Wilkers|| Date Published: May 23, 2016
The GovCon Index consistently traded lower for the entirety of Monday trade and closed at a decline of 0.509 points to 77.267 with U.S. financial markets choppy in light of a sharp gain by Apple and speculation among investors about potential interest rate hikes this year.
Boeing (NYSE: BA) nudged out a gain of 24 cents andCAE (NYSE: CAE) added 8 cents to represent the GCI’s lone two stocks in positive territory at the close.
Non-Index company KBR closed down 6 cents to $14.21 after the global engineering and construction company announced its $570 million acquisition of government services contractor Wyle Laboratories to expand federal contract work in domestic locations.
Apple closed up 1.27 percent upon news that the company asked suppliers to build more units of the future iPhone 7 than industry expected, according to Reuters.
U.S. investors reacted to remarks from the San Francisco and St. Louis Fed presidents that indicated a willingness by the central bank to move on a rate increase in June ahead of Chair Janet Yellen’s scheduled remarks Friday, Reuters reported.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
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Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
The GovCon Index consistently traded lower for the entirety of Monday trade and closed at a decline of 0.509 points to 77.267 with U.S. financial markets choppy in light of a sharp gain by Apple and speculation among investors about potential interest rate hikes this year.
