Search Results for: BAE

Weekly Roundup April 11 – April 15 2016: FTC, DOJ Speak on Defense Consolidation & more

April 11 – April 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among companies in the government services sector over the last half-decade has inevitably led market observers to ponder the prospects of merger-and-acquisition deals between the largest GovCon platform and product …

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April 14 Market Close: GovCon Index Descends to Loss in Afternoon Trade

The GovCon Index descended into narrow range in a choppy afternoon trading session Thursday and closed at a nominal decline of 0.093 points to 75.306 as U.S. investors paused to gauge markets’ rally over Tuesday and Wednesday. Financial shares posted a fifth-straight positive day on earnings from banks that exceeded Wall Street’s expectations. …

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April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

The GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week. While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel. Four of the five largest U.S. government contractors will …

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April 8 Market Close: GovCon Index Hits Late PM Volatility, Ends at Nominal Weekly Decline

The GovCon Index gradually tumbled from a strong open Friday and fell sharply in late afternoon trade to end at a nominal gain of 0.197 points to 74.227, which puts the GCI at a weekly loss for the second time in three weeks. The GCI posted a nominal 0.103-point loss from …

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DMEA Picks 8 Firms for $7B Follow-On Advanced Tech Engineering Services IDIQ

The Defense Microelectronics Activity has awarded positions on a potential $7.2 billion contract vehicle to eight companies to support the agency’s work on new technology insertions and applications for military systems. Contractors will bid for individual task orders over a 10-year ordering period to engineer components for the Defense Department to address operational issues with electronics’ hardware and software …

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March 23 Market Close: GovCon Index Weighed by Commodity Declines, Health Net Up 4% on Centene Deal Approval

The GovCon Index stumbled from the open to close at a loss of 0.279 points to 75.052 as U.S. stock declines mirrored a fall in commodities such as oil and investors continued to speculate over when the next interest rate increases could occur. Los Angeles-based health insurance provider Health Net (NYSE: HNT) …

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March 17 Market Close: GovCon Index Up On Strong Economic Data

The GovCon Index continued on a steady upward trend to close at 74.289, up 0.408%. The Index rode the market up as WTI broke the $40/barrel mark and on positive economic news from the Federal Reserve agreeing to hold interest rate firm, at least for the time being. According to Bloomberg, …

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Navy Selects 3 Firms for $1.3B San Diego-Based Warship Maintenance Services IDIQ

The U.S. Navy has awarded three companies spots on a potential five-year, $1.32 billion contract to help maintain amphibious warfare and surface combatant ships that dock in San Diego. The Defense Department said Wednesday that BAE Systems,  General Dynamics (NYSE: GD) unit NASSCO and Continental Maritime of San Diego, a subsidiary of Huntington Ingalls Industries …

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Weekly Roundup Mar. 7 – Mar. 11 2016: GovCon Index, Defense Stocks Show Steady Recovery & more

Mar. 7 – Mar. 11 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The start of March has given investors everywhere a respite of calm so far after a January and February period of across-the-board, worldwide market volatility that carried over from the …

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Steve Fendley Appointed Kratos CTO for Composite Engineering Unit

Kratos Defense & Security Solutions (Nasdaq: KTOS) has appointed Steve Fendley as senior vice president and general manager/chief technology officer for the Composite Engineering Inc. business unit of the company’s unmanned systems division. Kratos said Thursday Fendley will oversee CEi business and manage the expansion of the unit’s drone systems and …

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