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February 6 Market Close: GovCon Index Inches Green on Aerospace Prime Boosts, US Stocks Lower

Executive Mosaic’s GovCon Index notched a small advance Monday on help from large aerospace-and-defense primes as U.S. stocks held lower without a major event as a driver of trading activity in equity markets. GovCon Index gainers and decliners split even at 15-each but eight of its 11 S&P 500 components gained with seven of …

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Reports: DoD Seals $8.5B Deal With Lockheed for 90 F-35s

The Defense Department and Lockheed Martin (NYSE: LMT) have finalized an $8.5 billion contract for the manufacturer to supply 90 lot 10 F-35s, an order that is $728 million less than the cost of the previous batch of the fighter jets, Reuters reported Friday. Mike Stone writes the latest F-35 deal lowers the price of …

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Stavatti Aerospace to Pitch Javelin Trainer for Air Force T-X Competition

Stavatti Aerospace has announced plans to offer its Javelin military jet trainer and very light fighter aircraft to the U.S. Air Force‘s $16.3 billion T-X trainer program. The company said Friday the Javelin platform, which was derived from the Aviation Technology Group-built Javelin Mk-30 civil jet sportplane, will be offered as a potential replacement for the service branch’s …

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February 2 Market Close: GovCon Index Held Green by CACI & Harris Earnings Beats, US Stocks Unchanged

Executive Mosaic’s GovCon Index closed higher Thursday on strong performances by CACI International (NYSE: CACI) and Harris Corp. (NYSE: HRS) after both contractors reported quarterly earnings above Wall Street’s expectations. U.S. stocks in contrast ended mostly flat as investors waited Friday’s job report and weighed President Donald Trump’s comments to lawmakers …

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January 30 Morning Report: GovCon Index Gets Boost From General Dynamics’ Positive 3-Year Sales Outlook

Executive Mosaic’s GovCon Index posted a 0.257-percent gain to 88.929 Friday despite decliners outnumbering gainers by a 2-to-1 ratio as General Dynamics (NYSE: GD) recorded an all-time high on a positive three-year sales outlook. General Dynamics, which was GCI’s top net and percentage performer, said in an earnings call it expects revenue to increase 5.6 …

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January 27 Market Close: GovCon Index Held Positive by General Dynamics on Upbeat 3-Year Sales Outlook

Executive Mosaic’s GovCon Index held positive Friday to end the week flat despite a majority of its 30 stocks in negative territory as S&P 500-listed General Dynamics (NYSE: GD) surged to an all-time record high during the session after the defense contractor issued a bullish three-year sales outlook. U.S. stocks traded slightly …

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NASA, Industry Team Resume James Webb Space Telescope Vibration Tests

TYSONS CORNER, VA, Jan. 27, 2017 — NASA and the industry team working on the James Webb Space Telescope have resumed vibration tests following a shutdown of assessments in December due to a sensor reading anomaly, ExecutiveBiz reported Thursday. The team comprised of Goddard Space Flight Center, Northrop Grumman (NYSE: NOC), Orbital ATK …

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VIDEO: James Webb Space Telescope Launch and Deployment

Northrop Grumman is proud to lead the industry team building NASA’s James Webb Space Telescope. This revolutionary observatory is the largest telescope built for space and the most powerful infrared telescope ever made. It is the scientific successor to the Hubble Space Telescope. The Webb telescope will travel 1 million …

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NNSA Issues Honeywell Subsidiary Notice to Proceed for Sandia Labs Mgmt Transition

A subsidiary of Honeywell International (NYSE: HON) has received a notice to proceed from the National Nuclear Security Administration to start the transition efforts for the operation and management of Sandia National Laboratories. National Technology & Engineering Solutions of Sandia will assume management responsibilities at SNL on May 1 with Northrop Grumman (NYSE: NOC), Universities Research …

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Raytheon, Leonardo Drop Out of T-X Trainer Program Partnership

Raytheon (NYSE: RTN) and Leonardo have decided to end their partnership to compete for the U.S. Air Force’s T-X trainer aircraft program after the companies failed to “reach a business agreement, ” Defense News reported Wednesday. Aaron Mehta and Valerie Insinna write Leonardo said in a statement published Wednesday the firm has started to …

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