David Smith

August 3 Market Close: GovCon Index Closes Down as Crude Oil Hits Six-Month Low

The GovCon Index ended Monday trading day down 0.075 points to close at 76.189. Crude oil hit a six month low with Brent oil falling below $50 as energy stock feel the pain, according to Bloomberg. The Dow Jones Industrial Average declined 91.66 points to 17, 598.20, the S&P 500 composite …

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General Dynamics UK Receives $605M Contract for Armed Vehicle

The British Army extended General Dynamics‘ U.K. an in-service support contract for the Scout special vehicle platform. The contract runs through 2014 and is an extension of a current in-service contract. The company said Thursday it will assemble, integrate and test 489 Scout SVs at a newly opened facility in Oakdale, South Wales, …

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July 24 Market Close: GovCon Index Down for the Fourth Consecutive Day

The GovCon Index closed the week with four consecutive days of loses, ending the trading day at 74.886 down 1.03 points or 1.36 percent. The three major US markets saw declines as several companies reported disappointing quarterly returns. Increased worries about China’s economy slowing down and the drop in crude oil …

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Harris Receives $15 Million Contract to Provide Acoustic Sensors

Harris Corp. announced Wednesday  it received a $15 million, 4 year follow-on contract to provide acoustic sensors for installation on the U.S. Navy’s Virginia-class submarines. The sensors are designed to facilitate data sharing between the LWWAA system and the submarine’s combat platform for monitoring of ships and other vessels. Jim Brunelle, director of undersea …

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July 23 Market Close: GovCon Index Follows Blue Chips to Close Down

The GovCon Index closed down for the third consecutive day losing 0.146 points to 75.915. Caterpillar (NYSE:CAT), 3M (NYSE :MMM), and American Express (NYSE:AXP) all turned in disappointing results dropping more than 2.5% on the day. A sluggish international market and strong U.S. dollar have impacted global operations for multinational companies. The Dow Jones …

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July 22 Market Close: GovCon Index Closes Down On Tech Stock Performance

The GovCon Index trailed down following the U.S. markets to close at 76.057, a loss of 0.086 points. Apple (Nasdaq: APPL),  Microsoft (Nasdaq: MSFT), Yahoo (Nasdaq: YHOO) all turned in disappointing results; pulling down the NASDAQ composite index reported by Bloomberg. A rally in bank stocks helped stem off a steeper decline in …

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Raytheon Partners With Fokker Technologies and Dallara to Apply New Techonolgies For USAF Decoy

Raytheon in collaboration with Fokker Technologies and Dallara have developed a carbon fiber airframe for U.S. Air Force’s Miniature Air Launched Decoy. Fokker, helped to adapt robots to wind the carbon fiber fuselage, rather than rely on the conventional, hand-built approach. Dallara, applied the lightweight, very strong structural technologies used in Indy car racing to …

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Australian Defense Simulation and Training Centre Award Cubic $18 Million Contract

Cubic Global Defense announced Tuesday the award of a four-year, $18 million contract to assist the help the Australian Defense Simulation and Training Centre deliver simulation-based training programs. Cubic Defense Australia will provide the managed workforce solutions which will be distributed throughout Australia and shared with coalition partners in the Pacific. …

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July 15 Market Close: GovCon Index Ends 4-Day Gain Streak

The GovCon Index closed slightly down today with a loss of 0.035 points to end the Wednesday trading day at 76.835. The GovCon Index spent most the trading day in the positive, however it dipped late in the day following the major U.S. markets on concerns of the Federal Reserve …

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Potomac Officers Club Adds Roberto Rodriguez to Speaker Lineup for the 2015 Air Force Forum

TYSONS CORNER, VA., ‘July 9, 2015 — The Potomac Officers Club — a division of Executive Mosaic — announced that Roberto Rodriguez – Director of Investment, DoD will be added to the current lineup of speakers for the 2015 Air Force Forum. The Forum will be held on Wednesday, July …

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