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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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September 2 Market Close: GovCon Index, US Stocks Rebound on Beige Book Report

The GovCon Index rebounded from two days of declines with a gain of 2.374 percent to close at 71.791 Wednesday as U.S. markets also tried to recover ground from prior losses. The Index remains 7.02 percent below its three-month high of 77.214 from Aug. 17 and is 1.62 percent down from its Aug. 28 …

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August 27 Market Close: GovCon Index, US Stocks Extend Rebound on GDP & Job Data

The GovCon Index extended its recovery to a second consecutive day on Thursday with a gain of 1.326 percent to 72.815. Overall, the Index has regained 4.59 percent of its losses from the recent six-day stretch of declines that mirrored larger U.S. market downturns. Economic data that showed U.S. gross domestic product …

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Air Force Picks 22 Companies for $490M Contract Under ‘Agile Acquisition’ Program

The U.S. Air Force has awarded spots on a $490 million indefinite-delivery/indefinite-quantity contract under the Agile Acquisition program to 13 large businesses and nine small businesses. The Defense Department said Thursday the contract covers pre-program, technology development, engineering, manufacturing and production activities for new-build or modified systems. Ten large business and 13 …

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August 13 Market Close: GovCon Index Up, US Stocks Mixed on Economic Data

The GovCon Index regained some ground after two straight days of declines to close at a gain of 0.138 points to 76.493. U.S. stocks hovered around the gain line in the final hour of trading for a second consecutive day as investors considered data that showed retail sales climbed 0.6 percent in July and …

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August 10 Market Close: GovCon Index, US Stock Indices Climb 1% on Oil Rebound

The GovCon Index rebounded from two straight days of declines Monday to record a gain of 1.428 percent and close at 77.328. All three major U.S. stock indices also each advanced at least 1 percent Monday as investors gained confidence from a rise in oil prices despite a report that showed …

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July 28 Market Close: GovCon Index Rides 3-Digit Dow Rally, Energy Leads US Stock Gains

The GovCon Index snapped a five-day streak of losses Tuesday with a rebound of 1.244 percent to close at 75.127 on a day that saw the major U.S. stock indices record gains of nearly similar margins. Energy shares were the largest gainers in the S&P 500 at a 3-percent jump for …

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Wall Street Journal: UTC, Lockheed in Advanced Talks for Potential $8B Deal on Sikorsky

United Technologies Corp. (NYSE: UTX) and Lockheed Martin (NYSE: LMT) are nearing a potential deal for the sale of UTC’s Sikorsky Aircraft business to Lockheed for at least $8 billion, the Wall Street Journal reported Friday. Dana Mattioli, Ted Mann and Doug Cameron write that the proposed acquisition would be …

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July 9 Market Close: GovCon Index, US Stocks Rebound Ahead of Greek Proposal Deadline

The GovCon Index bounced back from the prior day’s losses on Thursday to close at a gain of 0.572 points and end at 74.650. Financial shares recovered ground from Wednesday’s declines as investors waited to see if Greece would meet its Thursday midnight deadline to give European leaders a plan for spending …

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Gregory Hayes: UTC to Decide on Sikorsky Spinoff or Sale Move in ‘Coming Weeks’

United Technologies Corp. (NYSE: UTX) will leave the helicopter manufacturing business through a separation of its Sikorsky Aircraft business in a move UTC expects to complete by the end of its third quarter. “Over the coming weeks, we’ll determine whether a spinoff or direct sale is the best way to enhance Sikorsky’s long-term success …

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