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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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October 27 Market Close: GovCon Index Closes Down, Stocks Decline on Goods Data

The GovCon Index failed to recover from morning session losses Tuesday and closed with a nominal decline of 0.052 points to 75.304. Textron (NYSE: TXT) led all Index gainers at 4.15 percent to $40.43 after the conglomerate reported a 9-percent profit increase in its third quarter and earnings that exceeded Wall Street analyst forecasts despite …

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October 26 Market Close: GovCon Index, US Stocks Mixed on Apple & Energy Declines

The GovCon Index closed at a nominal gain of 0.058 points to 75.356 after a strong close to the previous week as declines in energy shares and Apple weighed on U.S. markets. The Index is up 7.8 percent for the month of October so far after a choppy September and third-quarter decline of 3.8 percent. …

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October 23 Market Close: GovCon Index Extends Climb, US Stocks Up on Earnings & China Rate Decision

The GovCon Index extended its current rally into a second day with a gain of 1.057 percent to 75.312 as investors continued to mull earnings reports from S&P 500 stocks, 11 of which are also listed in the Index. For the week, the Index recorded a gain of 6.32 percent on third quarter earnings reports above Wall Street …

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Lisa Atherton Appointed Military Business EVP at Bell Helicopter

Lisa Atherton, formerly vice president for global military business development at Bell Helicopter, has been appointed executive VP of the Fort Worth, Texas-based rotocraft manufacturer’s military business. She succeeds Mitch Snyder, who elevated to president and CEO at Bell Helicopter, and will oversee the Textron (NYSE: TXT) subsidiary’s strategic programs and business development efforts …

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Mitch Snyder Named Bell Helicopter President, CEO; Scott Donnelly Comments

Mitch Snyder, formerly executive vice president of military business at Bell Helicopter, has been named president and CEO of the Textron (NYSE: TXT) subsidiary. He will succeed John Garrison, who moved to Terex Corp. (NYSE: TEX) as president and CEO, Textron said Thursday. Snyder previously led Bell Helicopter’s government business …

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October 1 Market Close: GovCon Index Slips Ahead of Friday Jobs Report

The GovCon Index kicked off the fourth quarter of calendar year 2015 Thursday with a decline of 0.207 points to 69.975 as U.S. stocks also recorded slight losses ahead of Friday’s jobs report. The Index and three major U.S. stock indices opened in positive territory,  sharply turned negative in the late morning …

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September 8 Market Close: GovCon Index, Major US Stock Indices Surge 2%

The GovCon Index started its first full trading week in September with a rise of 2.505 percent to 72.752 Monday as U.S. markets also rebounded from sharp losses incurred Friday. With Monday’s close, the Index is 4.17 percent down from its Aug. 4 close of 75.916 and has recovered 4.51 percent from its three-month low of …

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