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Ross Wilkers

June 7 Market Close: GovCon Index Boosted by L-3 Upgrade, Navistar Surges on Earnings Beat

The GovCon Index stretched its current streak of gains to five Tuesday by 0.212 points to 79.746 on an upgrade to L-3 Communications (NYSE: LLL) and a spike in Navistar International (NYSE: NAV) shares despite a full-year revenue guidance cut. Credit Suisse lifted its target price on L-3 to $169.00 and …

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June 6 Market Close: GovCon Index, US Stocks Rise on Janet Yellen’s Upbeat Economic Message

The GovCon Index kicked off the first full trading week of June on a positive note with a gain of 0.516 points to 79.534 as U.S. markets appeared unmoved by Federal Reserve Chair Janet Yellen’s hint at further interest rate increases this year. Yellen told an audience at the World Affairs Council …

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June 3 Market Close: GovCon Index Holds Marginally Up Against US Stock Declines

The GovCon Index recorded a narrow gain of 0.091 points to 79.018 Friday to post its third consecutive weekly rise as U.S. markets showed caution after the May payrolls report showed 38, 000 jobs created in May to fall well short of economist forecasts. According to CNBC, analysts expected the Labor Department …

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June 2 Market Close: GCI Turns Around AM Decline, L-3 Hits 52-Week High on $2B AF Logistics Contract

The GovCon Index swung back into positive territory after an early morning decline Thursday and closed at a gain of 0.314 points to 78.927 as U.S. investors looked toward the release of Friday’s jobs report before markets open. L-3 Communications (NYSE: LLL) hit a new 52-week high in intraday trade after the New York City-based …

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June 1 Market Close: GovCon Index, US Stocks Inch Upward on Economic Reports

The GovCon Index started the month of June with a gain of 0.507 points to 78.613 Wednesday as U.S. investors digested several reports to gauge the country’s economy ahead of Friday’s jobs report and Federal Reserve Chair Janet Yellen’s Monday speech. Lockheed Martin (NYSE: LMT) added $1.85 — or 0.78 percent — despite a downgrade …

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May 31 Market Close: GCI Declines, Ends 4th Straight Month in Positive as New Tanker Delay Drags Boeing Shares

The GovCon Index posted a decline of 0.398 points to 78.106 Tuesday on losses by Boeing (NYSE: BA) and other large defense prime contractors but ended at a gain for May to record its fourth straight month of positive movement. The Index rose 2.523 percent for May and has climbed 7.763 percent …

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Larry Prior: CSRA to Watch for ‘Strategic Opportunities’ From CSC-HPE Deal, Targets $16B in FY 2017 Bids

Government technology services contractor CSRA (NYSE: CSRA) will observe the merger of its former parent Computer Sciences Corp. (NYSE: CSC) with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment for any potential opportunities, CSRA CEO Larry Prior told investors Wednesday. Falls Church, Virginia-based CSRA entered the market in November 2015 …

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May 25 Market Close: GovCon Index Nudges Gain on Boeing, Navistar Lift

The GovCon Index nudged out a gain of 0.081 points to 78.273 Wednesday on contributions from Boeing (NYSE: BA) and armored truck manufacturer Navistar International (NYSE: NAV). Boeing surged 1.07 percent and Navistar rose 9.09 percent, while shipbuilder Huntington Ingalls Industries (NYSE: HII) rebounded by one-half percent a day after its stock was downgraded to “Sell” from “Hold” by …

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Mike Lawrie: CSC Has ‘All Options’ on Table for HPE’s US Public Sector Arm Post-Merger

Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie told investors Tuesday the company will consider an undefined range of options regarding Hewlett-Packard Enterprise‘s (NYSE: HPE)’s U.S. public sector business in conjunction with CSC’s merger into HPE’s enterprise services segment. Tysons, Virginia-based CSC is subject to a two-year non-compete agreement in the federal government field …

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May 24 Market Close: GovCon Index Posts 1% Rally as Services Providers Lead Gains

The GovCon Index rallied 1.197 percent to 78.192 on gains led by the GCI’s services-focused contractors and defense prime Northrop Grumman (NYSE: NOC) on news that the U.S. lifted its embargo on weapons sales to Vietnam. Science Applications International Corp. (NYSE: SAIC) added 4.01 percent — or $2.10  — after analysts at Jefferies listed SAIC as one of …

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