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Bloomberg: Air Force Could Unveil Bomber Contract Winner by Tuesday

The U.S. Air Force has received the go-ahead from Pentagon acquisition chief Frank Kendall to proceed with the awarding of its Long Range Strike Bomber contract, Bloomberg reported Tuesday. Anthony Cappacio and Julie Johnsson write USAF could name Northrop Grumman (NYSE: NOC) or a team of Boeing (NYSE: BA) and …

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October 26 Morning Report: GovCon Index Rises as More Q3 Earnings Reports Loom

The GovCon Index closed Friday at a gain of 1.057 percent to 75.312 ahead of third-quarter earnings reports from more Index companies scheduled through the end of the week. Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon (NYSE: RTN) reported Q3 earnings above Wall Street estimates, helping the Index record a weekly gain …

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October 23 Market Close: GovCon Index Extends Climb, US Stocks Up on Earnings & China Rate Decision

The GovCon Index extended its current rally into a second day with a gain of 1.057 percent to 75.312 as investors continued to mull earnings reports from S&P 500 stocks, 11 of which are also listed in the Index. For the week, the Index recorded a gain of 6.32 percent on third quarter earnings reports above Wall Street …

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Weekly Roundup Oct 19 – Oct 23 2015: Contracting Giants Kick Off 3Q Earnings Season & more

Weekly Roundup Oct 19 – Oct 23 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Three of the U.S.’ five largest government contractors and members of Executive Mosaic’s GovCon Index ushered in the latest round of earnings reports this week and …

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Reports: William LaPlante Says Air Force to Award Bomber Contract Soon

William LaPlante, assistant secretary of the U.S. Air Force for acquisition, has said the service will award the potential $80 billion contract for the Long Range Strike Bomber soon, Reuters reported Wednesday. Idrees Ali and Andrea Shalal write that LRSB will succeed the Air Force’s aging fleet of B-1, B-2 and B-52 …

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October 21 Market Close: GovCon Index Down, US Stocks Tumble on Healthcare & Tech Declines

The GovCon Index struggled to show direction for most of Wednesday before a sharp drop in the afternoon session to close with a decline of 0.142 points to 73.099. Index company Boeing (NYSE: BA) led all gainers with a climb of 1.66 percent to $141.19 after the Chicago-based airplane maker posted third quarter earnings above Wall Street expectations and …

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New York Times: DoD Set to Award Air Force One Contract

TYSONS CORNER, VA, October 21,  2015 — Boeing (NYSE: BA) could soon be handed a formal contract to make the next Air Force One aircraft, with an initial budget of $102 million for 2016 and a possible delivery period of 2023, ExecutiveBiz reported Tuesday. The New York Times said the Defense …

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October 20 Market Close: GovCon Index Neutral as Lockheed, UTC Kick Off 3Q Defense Earnings Season

The GovCon Index continued to reflect a narrow range of trading activity across U.S. stock markets Tuesday with a nominal decline of 0.052 points to 73.241 as Lockheed Martin (NYSE: LMT) and United Technologies Corp. started the first full week of third quarter earnings season for many Index and other defense-GovCon companies. …

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October 19 Market Close: GovCon Index Trades in Narrow Range as 3Q Earnings Season Arrives

The GovCon Index mirrored a narrow day of trading activity in U.S. markets Monday as it closed at a nominal gain of 0.049 points to 73.293. Large defense contractors in the Index are scheduled to report their third quarter earnings this week with Lockheed Martin (NYSE: LMT) set for Tuesday morning, Boeing …

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October 15 Market Close: GovCon Index, US Stocks Rebound 1% as Fed Rate Hold Confidence Grows

 The GovCon Index bounced back from the previous day’s sharp decline with a gain of 0.676 points to 73.313 Thursday as U.S. investors grew more confident that interest rates will go unchanged for the rest of 2015. Investors based their belief on new economic data that showed the Consumer Price …

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