Search Results for: BAE

Lockheed, AM General, Oshkosh Bid for US Army’s Armored Vehicle Program

Lockheed Martin (NYSE: LMT), AM General and Oshkosh Defense (NYSE: OSK) have submitted proposals for the U.S. Army’s joint light tactical vehicle program, Defense News reported Tuesday. Joe Gould writes the Army plans to award a single company the firm-fixed-price contract for 50, 000 armored vehicles and the U.S. Marine …

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February 10 Market Close: GovCon Index Closes Up, Orbital ATK and Huntington Ingalls Join

The GovCon Index gained 0.407 points to 68.524 Tuesday, a day that saw the close adjusted with the addition of two new government contracting firms to the Index. Tuesday marked the Index’s first day of tracking new members Orbital ATK (NYSE: OA), the company formed out of the merger of ATK’s aerospace and defense groups with Orbital Sciences, and …

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February 4 Market Close: GovCon Index Records Flat Day, US Stocks React to ECB’s Greece Decision

The GovCon Index saw a relatively flat day of trading Wednesday with a nominal gain of 0.065 points — or 0.089 percent — to close at 72.726. Most U.S. stocks fell late in the trading day after the European Central Bank said it would suspend a waiver to let banks use the Greek government’s …

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February 3 Market Close: GovCon Index Rebounds 1.5% to Set Record

The GovCon Index rose for a second consecutive day to record a gain of 1.16 points — or 1.572 percent — to close at 72.661 on Tuesday and set a new all-time high. Energy shares continued a four-day streak of increases in conjunction with an increase in crude oil prices in New York and U.S. …

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Report: Airbus Seeks Majority Stake of MBDA

Airbus wants to buy Finmeccanica’s 25 percent share of European missile company MBDA, Reuters reported Monday. Airbus plans to bolster its 37.5 percent stake at MBDA after Finmeccanica announced sale of its share, Alexandre Boksenbaum-Granier and Valentina Za report, citing a report from Britain’s Sunday Times. Analysts estimate Finmeccanica’s MBDA …

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January 27 Market Close: GovCon Index Sinks 1%, Durable Goods Orders Fall in December

The GovCon Index reflected a sell-off in U.S. stock markets to record a decline of 1.301 percent — or 0.918 points — to close at 75.529. Orbital Sciences (NYSE: ORB) — the index’s largest gainer for the day — saw its stock price jump 2.36 percent to 30.32 per share after it said its merger with …

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January 22 Market Close: GovCon Index Sets Record High, Traders Welcome ECB Stimulus Plan

The GovCon Index set a new record-high Thursday with a gain of 1.134 points — or 1.543 percent — to close at 72.346. All but two stocks on the index recorded increases in a day that saw the GovCon Index surpass the previous record of 71.722 set on Dec. 26, 2014. U.S. stocks …

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January 21 Market Close: GovCon Index Stays Flat, Earnings Lift US Stocks

The GovCon Index stayed flat Tuesday with a nominal gain of 0.079 points — or 0.111 percent — to close at 71.212. U.S. markets reacted to reports that the European Central Bank could launch a quantitative easing program for one year and earnings reports from firms such as UnitedHealth Group (NYSE: UNH), CNBC reported. …

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January 20 Market Close: GovCon Index Holds Up, Investors Await Euro Bank Move

The GovCon Index recorded a 50-50 split of gainers and laggers Tuesday to reach a nominal gain of 0.237 points — or 0.170 percent — to close at 71.291. A reduction in the International Monetary Fund’s worldwide growth forecasts for 2015 and 2016 was balanced by technology sector gains willingness among investors to hold back from more …

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January 15 Market Close: GovCon Index Dips, Banking Sector Losses Drag US Stocks

The GovCon Index recorded a nominal loss of 0.267 points — or 0.381 percent — to close at 70.408 on Thursday. A 1.1-percent decline in the S&P financial sector and worries over how global economic weakness could affect U.S. corporate earnings drove U.S. stocks down, according to Reuters. The Dow Jones …

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