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February 19 Market Close: GovCon Index Closes Up, Investors Await Friday Greece Meeting

The GovCon Index extended its streak of gains to a fourth consecutive day with a Thursday increase of 0.383 points to 70.180. Investors will watch a meeting in Brussels between government officials from Germany in Greece on terms of a bailout of Greece and energy shares dipped with declines in crude oil prices, according to Bloomberg. …

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January 29 Market Close: GovCon Index Rallies 1%, Jobless Claims Dip

The GovCon Index recovered some ground from a three-day stretch of losses Thursday with a gain of 0.868 points — or 1.191% percent — to close at 72.081. Boeing (NYSE: BA) was the index’s largest gainer at 5.8 percent or a second straight day and Northrop Grumman‘s (NYSE: NOC) stock jumped 2.16 percent after the company said profit …

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ULA Adds New Launch Services Work for Air Force

United Launch Alliance, a joint venture between Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), has received a $383 million contract modification to deliver additional launch vehicle production services to the U.S. Air Force. The modification adds three pre-priced contracts for the configurations of one Air Force Delta IV, one U.S. Navy …

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January 28 Market Close: GovCon Index Retreats, Fed Holds to ‘Patient’ Interest Rate Line

The GovCon Index extended its current stretch of declines to a third straight day with a loss of 0.306 points — or 0.432 percent — to close at 71.223 on Wednesday. Boeing (NYSE: BA) recorded the largest gain of any index member — a nearly 5-percent increase — after the company said revenue for its 2014 …

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Heather Crofford Named VP, CFO of Northrop Unit; Ken Bedingfield Comments

Heather Crofford, formerly business management director for the cyber division of Northrop Grumman‘s (NYSE: NOC) information systems business,  will serve as vice president and chief financial officer of the enterprise shared services unit beginning March 9. The company said Monday she will succeed Donald McHugh Jr., who has joined Northrop joint …

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December 29 Market Close: GovCon Index Retreats Slightly

After reaching new highs last week, the GovCon Index slid back a bit to close Monday at 71.670, down 0.123 points,  or 0.172 percent. The stock markets closed mixed with the Nasdaq composite index unchanged at 4, 806.91, the Standard & Poor’s 500 up 0.1 percent to 2, 090.57 and the …

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Northrop Taps Brian Kim, Jack Dorsett for Chief Executive Roles in East Asia

Northrop Grumman (NYSE: NOC) has appointed former Boeing (NYSE: BA) executive Brian Kim as chief executive for South Korea and former Northrop information systems executive Jack Dorsett as CEO for Japan. Northrop said Monday Kim will oversee the company’s programs, growth strategies and business relationship with South Korea beginning Feb. 2. He worked for five …

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The Deals, Moves and Shakeups That Drove GovCon in 2014

EDITORS NOTE: The piece below is a special edition of the Weekly Roundup newsletter written by Jim Garrettson, president and founder of this website’s parent company Executive Mosaic, to recap the biggest stories in the GovCon sector for 2014. In this year-end issue, Jim wraps up the year with a …

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December 16 Market Close: GovCon Index Records Nominal Loss, Investors Eye Possible Fed Move

The GovCon Index extended its current stretch of declines into a third consecutive day with a nominal loss of 0.154 points to close at 67.411 on Tuesday. Investors will keep an eye on the Federal Reserve’s impending decision later this week on whether to change their policy statement and be more open to …

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December 15 Market Close: GovCon Index Slips, Oil Prices Continue Plunge

The GovCon Index started the last full week before the Christmas and New Year holidays with a slight decline of 0.299 points — or 0.444 percent — to close at 67.649 on Monday. Oil prices continued to garner much of the attention from investors and the price-per-barrel of crude oil on the New …

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