Author: Ross Wilkers|| Date Published: March 7, 2016
The GovCon Index failed to hold onto positive momentum from a midday spike barely above the gain line Monday and ended at a decline of 0.573 points to 73.385 in a mixed day for U.S. financial markets.
Declines among defense product and platform manufacturers in the Index lagged compared to services-oriented companies that led gainers.
Intelsat (NYSE: I) surged 15.58 percent after the satellite services provider said it reached an agreement for broadband communications company Gogo to act as anchor tenant for the former company’s Epic network.
Navistar International (NYSE: NAV) climbed 5.66 percent and is up 26.86 percent over three days since its CEO told Reuters the industrial and military truck manufacturer would consider more partnerships with other industry members.
The S&P 500 composite index ended at a nominal gain of 1.77 points to go above the psychological 2, 000-point mark as advances by energy shares were offset by losses in technology stocks at a rate of more than 1 percent.
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 failed to hold onto positive momentum from a midday spike barely above the gain line Monday and ended at a decline of 0.573 points to 73.385 in a mixed day for U.S. financial markets.
