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March 18 Market Close: GovCon Index Ends Week With a Three Day Positive Streak

The GovCon Index continued it positive trend for the third consecutive day closing up 1.417% to 75.314. According to Bloomberg, the Dow and S&P 500 closed Friday in positive territory for 2016. Strong performance from emerging market stocks, and oil prices helped prop up stock prices. Top GovCon Index Gainers Symbol …

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March 11 Market Close: GovCon Index Rides Oil Surge to 1% Gain, Up for 4th Straight Week

The GovCon Index rebounded 1.541 percent to 73.980 Friday with all 30 stocks up in movement that mirrored U.S. stocks’ recovery on a sharp rise in crude oil prices and investor confidence in the European Central Bank’s latest stimulus initiative. Friday’s close puts the Index up at a nominal 0.053 points over five …

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State Dept Clears $350M Beechcraft KA-350 Aircraft Sustainment Deal for Iraq

The State Department has approved Iraq’s request to buy $350 million in sustainment services for the country’s fleet of Beechcraft-built King Air 350 turboprop aircraft from the U.S. government through a foreign military sales agreement. Iraq requested a five-year sustainment package for one KA-350 transport plane and five units of the aircraft’s ISR variant, …

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Visiongain Names Key Players in Projected $22B Military Smart Weapons Market

TYSONS CORNER, VA, February 25, 2016 — A report by Visiongain indicates that Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), Orbital ATK (NYSE: OA) and Raytheon (NYSE: RTN) are some of the key players in the global military smart weapons market, ExecutiveBiz reported Wednesday. Visiongain said Monday the market will be worth $22.32 …

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February 22 Market Close: GovCon Index Up on Strong Day For All Markets

The GovCon Index climbed significantly today closing at 72.232 up 1.114 percent, pulling itself out of correction. All three markets — the Dow Jones Industrial, S&P 500 and the Nasdaq Composite — all showed robust gains approaching 1.50 percent, with WTI crude oil closing up 6.21 percent to $31.48. As reported …

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February 8 Market Close: GovCon Index, US Stocks Tumble 1% on Oil & Financial Losses as Vectrus Joins GCI

The GovCon Index followed the steep downturn in U.S. markets Monday with a decline of 1.027 percent to 70.035 spurred by new declines in oil prices and worries about the pace of future interest rate increases by the Federal Reserve. Monday also represented the first day of Colorado Springs-based government …

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The 2016 Wash100’s Mix of Companies, Agencies & Trade/Research Groups

As covered here yesterday, GovCon Wire’s parent company Executive Mosaic announced its inductions for the 2016 edition of the Wash 100 — EM’s annual selection of the government contracting arena’s most influential voices. These 100 individuals were chosen by EM’s editorial and organizational leadership as the executives and other leaders …

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January 28 Market Close: GovCon Index Holds Below 70, Posts Nominal Gain

The GovCon Index showed a nominal gain of 0.076 points to 69.839 Thursday as investors with interest in the defense and government contracting industries digested a new round of earnings statements from more of the sector’s largest companies. Thursday’s close represents the Index’s second straight day that ended below 70 …

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January 25 Market Close: GovCon Index Falls Back Into Correction Ahead of Earnings Week for ‘Big Five’ Contractors and Others

The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a batch of …

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Peter Blocker Joins MCR Federal as Defense Southeast Region VP; Vince Kiernan Comments

Peter Blocker, former vice president of the integrated mission systems business unit at Sierra Nevada, has joined MCR Federal as vice president for the latter company’s defense sector business in the U.S. Southeast region. Blocker will oversee MCR’s office in Huntsville, Alabama and work with defense sector clients in Florida, …

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