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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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December 16 Market Close: GovCon Index, US Stocks Climb as Fed Pulls Trigger on Interest Rate Hike

The GovCon Index held steady in positive territory over morning and midday activity then surged in the afternoon session to close at a gain of 1.21 percent to 76.944 on news that the Federal Reserve increased interest rates for the first time since June 2006. Short-term interest rates will go up 0.25 …

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December 14 Market Close: GovCon Index Down, US Stocks Slightly Green on Oil Bounce

The GovCon Index turned around a sharp late morning decline Monday with a rally in a choppy afternoon session but fell short of a full recovery as it closed at a nominal loss of 0.063 points to 75.717. U.S. crude oil futures nearly hit an 11-year low in early-morning activity but ended the day with a …

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December 9 Market Close: GovCon Index Swaps AM Gains for Sharp Loss as Investors Anticipate Rate Hike

The GovCon Index plummeted from a strong morning open to close at a steep decline of 1.346 percent to 76.570 that mirrored sharp losses for U.S. markets in the afternoon session. The Index approached a 1-percent gain mid-morning before its entry into negative territory that mirrored the U.S.’ three major stock …

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November 19 Market Close: GovCon Index Closes Up, US Markets Narrow

The GovCon Index barely edged in positive territory Thursday with a gain of 0.216 points to 78.940 on a choppy trading day for U.S. markets. With a Friday gain, the Index would record a full week of five consecutive positive days for the second time in the fourth quarter so far. Index stock Health Net (NYSE: …

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November 16 Morning Report: GovCon Index Sees 2.36% Drop for the Week

The GovCon Index closed Friday with a decline of 0.564 points to 75.400, ending the week with a 2.36-percent loss. The Index’s performance this previous week increased 2.36 percent over the past month and 7.75 percent since the fourth quarter began Oct. 1. Top GovCon Index Gainers Symbol Company $ Current Price Net …

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November 13 Market Close: GovCon Index, US Stock Indices Post 1% Declines

The GovCon Index extended its current streak of declines to a third straight session Friday with a loss of 0.564 points to 75.400. The Index also ends at a 2.36-percent decline for the week but has risen 2.36 percent over the previous month and 7.75 percent since the fourth quarter started Oct. …

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Northrop Wins Air Force Long Range Strike Bomber Contract

Northrop Grumman (NYSE: NOC) has beaten out a team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) for the highly-anticipated contract to build the U.S. Air Force‘s Long Range Strike Bomber plane, Defense Department officials announced Tuesday. The service branch plans to purchase up to 100 of the bombers at a cost of $511 million per plane …

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