Search Results for: Northrop

April 25 Market Close: GovCon Index, US Stocks Weighed By Oil Declines & Earnings Worries

The GovCon Index followed the larger market forces of oil declines and concerns over corporate earnings reports Monday with a decline of 0.401 points to 75.968 on the first day of April 2016’s last trading week. As covered in our Friday market close report, 11 GCI-listed companies will release their latest quarterly …

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A&D Tech Industry Vets Carl Johnson, Rebecca McGrane Join Norsk Titanium

Aviation component manufacturer Norsk Titanium has named Carl Johnson as senior vice president of technology, engineering and quality and Rebecca McGrane as vice president and general manager of its technology center. Norsk Titanium said Monday Johnson, a veteran of Northrop Grumman (NYSE: NOC) for more than three decades; and McGrane,  who spent 15 years at General …

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April 25 Morning Report: GovCon Index Posts Positive Week Ahead of 1Q Earnings Reports

The GovCon Index ended the Friday trading session with a gain of 0.387 points to 76.369 to close its second consecutive week in positive territory. Eleven GCI-listed companies, including the five largest government and defense contractors in the U.S., will report first-quarter earnings this week. The schedule is as follows: Tuesday: Lockheed Martin (NYSE: LMT) …

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April 22 Market Close: GovCon Index Holds Positive Against Volatile Markets Ahead of 1Q Defense Earnings Week

The GovCon Index held against choppy trading activity in U.S. markets during the afternoon session Friday to close at a gain of 0.387 points to 76.369 and notch its second consecutive week in the positive. Friday also marks the Index’s seventh weekly gain over the last eight in a stretch that has seen it climb nearly …

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Weekly Roundup April 18 – April 22 2016: First Quarter Earnings Season Arrives & more

April 18 – April 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors. We …

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Chris Pehrson: Air Force Flew General Atomics ‘Avenger’ With UTC Sensor

TYSONS CORNER, VA, April 22, 2016 — The U.S. Air Force has flown a General Atomics-built Predator C Avenger unmanned aerial vehicle carrying sensors from United Technologies Corp. (NYSE: UTX) in a series of flight demonstrations, ExecutiveBiz reported Tuesday. Chris Pehrson, strategic development senior director at General Atomics’ aeronautical systems business, …

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Bloomberg: Air Force’s Randall Walden Cites ‘Correlation’ Between LRSB Aircraft Cost, Capacity

The U.S. Air Force does not want to publicly disclose the Long Range Strike Bomber contract’s value because the military service believes a disclosure may give adversaries a hint about the aircraft’s specifications, Bloomberg reported Wednesday. Randall Walden, director of the Air Force’s Rapid Capabilities Office, told Sen. John McCain in a letter obtained by …

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Weekly Roundup April 11 – April 15 2016: FTC, DOJ Speak on Defense Consolidation & more

April 11 – April 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among companies in the government services sector over the last half-decade has inevitably led market observers to ponder the prospects of merger-and-acquisition deals between the largest GovCon platform and product …

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Boeing, Lockheed Submit Bids on Air Force’s GPS III Program

TYSONS CORNER, VA, April 14, 2016 — Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) have joined Northrop Grumman (NYSE: NOC) as bidders on the U.S. Air Force‘s procurement program for future GPS III satellites, ExecutiveBiz reported Wednesday. Aviation Week reported Tuesday Lockheed submitted a proposal that includes a Harris-built (NYSE: …

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April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

The GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week. While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel. Four of the five largest U.S. government contractors will …

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