Search Results for: BAE

August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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Weekly Roundup August 15 – August 19 2016: Leidos Doubles, M&A Wheels Keep Turning & more

August 15 – August 19 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The long-awaited, much-anticipated and well-documented merger of Leidos into the now former Lockheed Martin information technology and technical services business completed on Tuesday. As if GovCon observers needed reminding, Leidos doubles to $10 …

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David Lockwood to Succeed Bob Murphy as Cobham CEO; John Devaney Comments

David Lockwood, CEO of U.K.-based electronics firm Laird, will succeed Bob Murphy as CEO of Cobham by Jan. 1, 2017. Murphy will leave his post by the end of 2016 and will be succeeded by Lockwood on the company’s board of directors, Cobham said Wednesday. “David has a background in defense …

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7 Firms Land $117M in Contract Modifications Under Navy Technical, Engineering Support IDIQ

The U.S. Navy has awarded seven companies contract modifications worth $117.3 million combined to continue to provide technical and engineering services for the service branch’s vessels. The contract modifications were awarded to exercise the second option year on a previously awarded cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract under the Navy Modernization Program, the Defense …

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August 15 Morning Report: GovCon Index Posts Loss on Retail, Manufacturing Data

Executive Mosaic’s GovCon Index closed Friday down 0.148 points to 82.467 to end the week with a 0.315-point loss. The Index mirrored the larger U.S. market as the retail sales report for July showed no change from the previous month and manufacturing data fell below analyst expectations. Four of GCI’s S&P 500-listed stocks posted gains …

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August 12 Market Close: GovCon Index Falls, Ends at Weekly Loss

Executive Mosaic’s GovCon Index turned downward Friday to end at a weekly loss as U.S. stocks also held negative after July’s retail sales report showed no change from the previous month and new manufacturing data also fell below economists’ expectations. For the week, the Index registered a 0.315-point decline mainly on the Wednesday plunge by …

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August 10 Market Close: GovCon Index Falls on Orbital ATK Plunge After Accounting Disclosure

Executive Mosaic’s GovCon Index recorded its worst session in four weeks Wednesday despite gainers as the clear majority after Orbital ATK (NYSE: OA) announced it would restate all financial results dated back to April 2014. Shares in Orbital ATK plummeted 20.25 percent — or $17.987 — at the stock’s biggest one-day loss in nearly a year after the space systems …

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State Dept Approves Saudi Arabia’s $1.15B Request for US Abrams Tanks, Ground Vehicle Recovery Systems

The State Department has approved Saudi Arabia’s request to purchase $1.15 billion in General Dynamics-built (NYSE: GD) Abrams battle tanks along with a suite of ground vehicle recovery systems from the U.S. government under a foreign military sales agreement between both countries. Twenty of the total 153 M1A2S Abrams tanks covered under …

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Weekly Roundup August 1 – August 5 2016: Leidos Further Details Post-Merger Picture & more

August 1 – August 5 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government contracting’s M&A and financial aspects took center stage again this week and GovCon Wire hit on all the major events as Executive Mosaic’s home of market-moving news for the sector. …

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