Search Results for: Textron

June 3 Market Close: GovCon Index Holds Marginally Up Against US Stock Declines

The GovCon Index recorded a narrow gain of 0.091 points to 79.018 Friday to post its third consecutive weekly rise as U.S. markets showed caution after the May payrolls report showed 38, 000 jobs created in May to fall well short of economist forecasts. According to CNBC, analysts expected the Labor Department …

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May 17 Market Close: GovCon Index Swings Negative on Investor Rate Hike Sentiment

The GovCon Index mirrored losses by U.S. stocks Tuesday with a decline of 0.669 point to 77.421 as investors weighed the prospects of more than one interest rate hike by the Federal Reserve this year. Dennis Lockhart and John Williams, respective Fed presidents for Atlanta and San Francisco, indicated the central bank could move in …

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Weekly Roundup April 18 – April 22 2016: First Quarter Earnings Season Arrives & more

April 18 – April 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors. We …

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April 15 Market Close: GovCon Index Holds Up as Energy, Tech Declines Drag US Markets

The GovCon Index held against larger trends in U.S. financial markets Friday with a gain of 0.386 points to 75.692 as declines by energy and technology shares weighed on the bellwether S&P 500 composite index. Nine of the GCI’s 11 S&P 500-listed companies posted gains with McKesson (NYSE: MCK) as that group’s …

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Bell Helicopter Receives $170M Navy AH-1Z Chopper Contract Modification

Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has received a $170.2 million contract modification to produce and deliver additional AH-1Z aircraft to the government of Pakistan under the foreign military sales program. The company will build nine AH-1Z and nine auxiliary fuel kits under a contract with the U.S. Navy, the Defense …

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March 22 Market Close: GovCon Index, US Stocks Show Little Change Amid Brussels Attacks

The GovCon Index held in narrow range for the entirety of Tuesday trade and closed at a nominal loss of 0.084 points to 75.331, which ends the Index’s four-day stretch of gains. U.S. markets also struggled for direction after the early morning terrorist attacks at the main airport and a subway …

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March 21 Morning Report: GovCon Index Closes With Gain for 3rd Straight Day

The GovCon Index closed Friday with a gain of 1.417 percent to 75.314. With Friday’s performance, the Index is on its third consecutive day in positive territory. Top GovCon Index Gainers Symbol Company $ Current Price Net Change % Change I Intelsat 2.60 0.12 +4.84% MCK McKesson Corp.* 158.31 6.62 +4.36% VEC Vectrus Inc. …

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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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