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June 23 Market Close: GCI Up, CACI Guidance Miss & Downgrade Weigh as Markets Bet Against Brexit

The GovCon Index lifted Thursday on U.S. investor speculation that Britain would vote in its referendum to remain in the European Union but felt some downward pressure from a guidance miss by CACI International (NYSE: CACI) and a subsequent downgrade on the stock. Executive Mosaic‘s GovCon Index of 30 publicly traded contractors rose 0.365 points …

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Curtiss-Wright Lands $80M in Contracts to Provide Ship Valves for Navy; David Adams Comments

Curtiss-Wright (NYSE: CW) has secured approximately $80 million in contracts to provide various valves for the U.S. Navy‘s Virginia-class submarines and Ford-class aircraft carriers. The company said Wednesday it received the contracts from business units of Bechtel and General Dynamics (NYSE: GD) as part of a ship construction support and spare parts procurement agreement. Curtiss-Wright …

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Chris Deegan Promoted to CEO at Maritime Engineering Contractor Gibbs & Cox

Maritime engineering and design company Gibbs & Cox has appointed Chris Deegan, former vice president of the company’s engineering group, to the roles of president and CEO. The Arlington, Virginia-based contractor said Tuesday Deegan will succeed Rick Biben, who will continue to serve on G&C’s board of directors. “Chris has delivered exceptional results in every …

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June 21 Market Close: GovCon Index Narrowly Down, US-Focused Contractors Gain in Brexit-Dominated Trade

The GovCon Index fell into narrow range in afternoon trade Tuesday and closed at a nominal loss of 0.099 points to 79.190 as global investors continued to gauge the possibility of Britain’s departure from the European Union in a Thursday referendum there with new polls indicating a close vote either way. Many lead …

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June 20 Market Close: GCI Soars 1%, Stocks With UK Presence Lift as Markets View Britain’s EU Exit as Unlikely

The GovCon Index started the week of Britain’s vote on whether to stay in the European Union on the front foot with a Monday gain of 1.192 percent to 79.289 as global investors took positions that the U.K. public will vote against the “Brexit.” BAE Systems PLC‘s over-the-counter listing in the U.S. closed …

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Raytheon-GDIT JV Manages Satellite Launch With New GPS Payload; Dave Wajsgras Comments

TYSONS CORNER, VA, June 20, 2016 — The Eutelsat 117 West B geostationary satellite, which was equipped with Raytheon‘s (NYSE: RTN) GEO 5 payload built for the Federal Aviation Administration‘s Wide Area Augmentation System, has been sent to space aboard a SpaceX Falcon 9 rocket, ExecutiveBiz reported Thursday. Raytheon said Wednesday the WAAS GEO …

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CMS Picks 80 Companies for Potential $25B IT Services IDIQ

The Centers for Medicare and Medicaid Services has awarded 80 companies positions on a potential 10-year, $25 billion contract vehicle the agency intends to use as its primary mechanism for acquisitions of information technology services via task orders. CMS released the list of awardees in a Wednesday FedBizOpps notice and said all operational divisions of its Cabinet parent Department …

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June 15 Market Close: GovCon Index, US Stocks Choppy as Fed Holds Line on Interest Rates

The GovCon Index hit choppy trade in the late afternoon session Wednesday and closed at a narrow loss of 0.094 points to 78.850 as investors examined the Federal Reserve‘s latest policy statement that left current interest rates unchanged. Central bank leaders held the federal funds rate at between one-quarter and one-half …

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June 13 Morning Report: GCI Posts 4th Straight Weekly Gain on Strong Defense Contractor Stocks

The GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase. Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) helped drive the Index’s …

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June 10 Market Close: GovCon Index Down, Notches 4th Straight Weekly Gain Ahead of Fed’s Midweek Summit

The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent …

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