Search Results for: General Dynamics

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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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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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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S&K Aerospace Gets $269M AF Contract Modification for ‘Parts and Repair Ordering System’ Services

Montana-based tribally owned business S&K Aerospace has landed a $269 million contract modification from the U.S. Air Force to support the service branch’s Parts and Repair Ordering System IV. The contract will work to address continuity of service requirements until the Air Force issues a follow-on source selection, the Defense Department said Monday. …

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