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Jeff Yorsz Joins QinetiQ NA as President

Jeff Yorsz, a former general manager at Northrop Grumman‘s (NYSE: NOC) Adaptive Optics Associates subsidiary, has been appointed president of defense technology firm QinetiQ North America. He will be responsible for all aspects of business operations and strategic programs in his new position, QNA said Tuesday. “Historically QNA has developed …

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January 12 Morning Report: GovCon Index Closed Friday Slightly Down On Reports Of December Wage Decline

The GovCon Index ended a strong trading week slightly down, closing Friday at 70.995 — off .306 points — or 0.433 percent. For the trading week Jan. 5-9, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure within the past three months. U.S. stocks declined after two straight days of gains …

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January 9 Market Close: GovCon Index Retreats, Report Shows December Wage Decline

The GovCon Index ended the trading week with a slight decline of 0.306 points — or 0.433 percent — to close at 70.995 on Friday. For the week started Jan. 5, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure for a trading week within the past three months. U.S. stocks …

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Navy Adds CGI, DRS Units to Consolidated Shipboard Networks Contract

The U.S. Navy has awarded CGI (NYSE: GIB) and DRS Technologies business segments positions on an eight-year, $2.5 billion contract to provide production units of the Consolidated Afloat Networks and Enterprise Services system. The Defense Department said Thursday that CGI Federal and DRS Laurel Technologies can compete for task orders under the indefinite-delivery/indefinite-quantity contract alongside …

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January 7 Market Close: GovCon Index Reverses Downward Trend

The GovConIndex reversed it’s downward trend closing Wednesday at 70.036, up 0.973 points, or 1.371 percent. The other indexes closed strong also with the Dow Jones industrial average at 17, 584.52, up 1.23 percent, The Nasdaq composite index 4, 650.47 up 1.26 percent, and the Standard & Poor’s 500 at 2, 025.90, an …

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January 6 Market Close: GovCon Index Fall Continues as Factory Report Shows November Downturn

The GovCon Index lost ground Tuesday for a third consecutive trading day as it fell 0.557 points — or 0.814 percent — to close at 69.062. Northrop Grumman (NYSE: NOC), Computer Sciences Corp. (NYSE: CSC) and General Dynamics (NYSE: GD) were the only companies on the index to record gains. Losses in the energy …

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Krisstie Kondrotis Appointed BD SVP at Spirit AeroSystems

Krisstie Kondrotis, formerly vice president of business development at Northrop Grumman‘s (NYSE: NOC) information systems business, has joined aerostructures maker Spirit AeroSystems as senior VP for business development. The Wichita, Kan.-based company said Monday Kondrotis will be in charge of the company’s global marketing and partnership efforts in the commercial and defense markets. Kondrotis has …

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Kellye Walker, Chuck Monroe to Take HII Legal Dept Leadership Roles; Mike Petters Comments

Huntington Ingalls Industries‘ (NYSE: HII) board of directors has appointed Kellye Walker as corporate vice president and general counsel and Charles Monroe Jr. as corporate VP, secretary and associate general counsel. The appointments take effect Jan. 12, 2015 and Monroe will report to both the board of directors and Walker, who in …

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Ken Bedingfield to Succeed James Palmer as CFO, Corporate VP

Ken Bedingfield, currently vice president of corporate finance at Northrop Grumman (NYSE: NOC), has been elected by the board of directors to serve as corporate VP and chief financial officer. Bedingfield will assume his new positions following the company’s 2014 annual report and oversee financial planning, accounting, internal audit, treasury, …

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December 8 Morning Report: GovCon Index Posts Gains at Friday’s Close

The GovCon Index closed at 70.063 on Friday, an increase of 0.541 percent, or 0.386 points, from Thursday trading.   The Dow Jones grew 0.33 percent to close at 17, 958.79, the Standard & Poor’s 500 recorded a 0.02 percent gain to 2, 072.30 and the NASDAQ increased 0.11 percent to 4, 774.59. Reuters attributed the …

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