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ULA Lands $139M Modification on Atlas V Production Services Contract with USAF

United Launch Alliance has been awarded a $138.7 million contract modification to produce an Atlas V 541 launch vehicle system for the U.S. Air Force. The Defense Department said Tuesday the modification covers Atlas V rocket configuration and mission specific items for the service branch’s four previously ordered missions. ULA,  a joint venture of Boeing (NYSE: BA) and Lockheed Martin …

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Report: NNSA’s Follow-on $3B Sandia Labs Support Program Draws 15 Firms, 4 Universities

Fifteen companies and four universities have shown interest in pursuing a potential 10-year, $2.9 billion contract for management services at the National Nuclear Security Administration‘s Sandia National Laboratories, the Albuquerque Journal reported May 18. Michael Coleman writes that Lockheed Martin (NYSE: LMT) subsidiary Sandia Corp.‘s current SNL support contract with NNSA is scheduled to expire April 2017. …

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State Dept OKs Potential $420M F/A-18 Support FMS to Kuwait

The State Department has approved a possible $420 million foreign military sale of F/A-18 C/D support services and spares to Kuwait. The Defense Security Cooperation Agency said Thursday Kuwait’s request covers F/A-18 avionics software and engine component upgrades, ground support equipment, engine and aircraft spares and repair parts, publications and technical documentation, engineering change …

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May 26 Market Close: GovCon Index Down Slightly With Mixed Market Results

The GovCon Index closed down slightly 0.078 points to 78.195 with armored truck manufacturer Navistar International (NYSE: NAV) and CSRA (NYSE: CSRA) posting the largest percentage loses. CSRA conducted their fourth-quarter and full-year earnings call yesterday after the market close and posted mixed results,  as reported in GovCon Wire. U.S. stocks …

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May 23 Market Close: GovCon Index Slides, US Markets Mixed on Apple Bounce & Rate Hike Chatter

The GovCon Index consistently traded lower for the entirety of Monday trade and closed at a decline of 0.509 points to 77.267 with U.S. financial markets choppy in light of a sharp gain by Apple and speculation among investors about potential interest rate hikes this year. Boeing (NYSE: BA) nudged out …

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May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

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May 16 Market Close: GovCon Index Posts 1% Gain as Markets Welcome Buffett’s Apple Stake

The GovCon Index posted its second gain of more than a full point in three weeks Monday to close up 1.052 points — or 1.366 percent — to 78.090. Contractor stocks rode the wave of positivity in U.S. markets after Warren Buffett’s Berkshire Hathaway investment arm disclosed its now-$1 billion stake in Apple as of the first quarter’s …

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State Dept Approves $143M Harpoon Block II Missile Sale to Egypt

The State Department has cleared Egypt’s request to buy UGM-84L Harpoon Block II missiles, related equipment and support from the U.S. government under a potential $143 million foreign military sales agreement. Boeing (NYSE: BA) will serve as the principal contractor under the FMS deal that includes 20 Harpoon missiles, two encapsulated …

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May 13 Market Close: GovCon Index Sinks 1%, Large Primes Fall on Lockheed Downgrade

The GovCon Index held lower throughout Friday trade in a reflection of dim sentiment in U.S. markets and closed down 1.052 percent to 77.038 with many of the GCI’s largest prime contractors as the biggest decliners after a nearly four-day stretch as the drivers of gains. Friday’s close puts the Index at a …

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May 12 Market Close: GovCon Index Holds Steady Against Choppy US Markets

The GovCon Index held steady despite general choppy activity in U.S. financial markets during Thursday trade and closed at a gain of 0.304 points to 77.857 on strong performances by many platform and product makers in the contracting arena. Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) both rose at least $3.00 …

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