Author: Ross Wilkers|| Date Published: January 4, 2016
The GovCon Index started 2016 with a steep decline of 1.712 percent to 75.764 Monday as U.S. stocks mirrored large losses in global financial markets over growth concerns.
Armored truck maker Navistar International (NYSE: NAV) held against market forces with a gain of 8.94 percent to lead all GovCon Index gainers, and four other listed stocks also closed in green.
According to CNBC, the Dow Jones Industrial Average was at a decline of 2.5 percent to put it on pace for its largest percentage decline on a year’s first trading day since 1932.
The S&P 500, of which 11 GovCon Index stocks belong to, had posted a 2.5-percent loss as well in morning trade to go below 2, 000 for the first time since mid-December.
U.S. investors reacted to a plunge in Chinese stocks over a report that showed economic contraction there and renewed tensions between Saudi Arabia and China.
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
The GovCon Index started 2016 with a steep decline of 1.712 percent to 75.764 Monday as U.S. stocks mirrored large losses in global financial markets over growth concerns.
