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May 6 Market Close: GovCon Index, US Stock Losses Deepen on Job Estimates

The GovCon Index declined for the second consecutive day Wednesday to record a loss of 0.155 points and close at 73.147. Health Net (NYSE: HNT) led gainers in the Index at 1.81 percent after the company reported a 28-percent revenue increase year-over-year for its fiscal year 2015 first quarter. U.S. …

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April 28 Market Close: GovCon Index Rebounds, US Investors Await Fed Meeting

The GovCon Index ended a three-day streak of declines Tuesday to record a gain of 0.226 points and close at 75.530. U.S. markets traded downward during the morning session but recovered during the afternoon as investors prepare to digest news from the Federal Reserve‘s two-day meeting that starts Tuesday, according …

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April 16 Market Close: GovCon Index Stuck in Neutral, US Stocks Dip

The GovCon Index recorded a nominal gain for the second consecutive trading day to the tune of 0.064 points for a closing figure of 76.092. U.S. stocks saw nominal losses despite gains in the oil market during the afternoon session and positive earnings reports from financial services firms Citigroup and Goldman Sachs, the …

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April 6 Market Close: GovCon Index Starts Post-Easter Week With 1% Gain

The GovCon Index rose 0.604 percent Monday to close at 69.261 on a day that saw low-trading activity by U.S. investors and many other markets worldwide closed for Easter Monday. U.S. traders had an extra day to consider the Labor Department‘s March payrolls report since markets were closed for Good Friday and will watch initial …

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April 1 Market Close: GovCon Index Extends Decline, Jobs Report Sends Stocks Down

The GovCon Index fell for a second consecutive day Wednesday as it recorded a loss of 0.471 points to 68.596. U.S. markets entered negative territory after the ADP Research Institute said companies added 189, 000 workers to payrolls in March, which missed estimates of many economists, according to Bloomberg. Bloomberg also cited …

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Defense News: General Dynamics Ends Prime Role on Air Force T-X Trainer Program Pursuit

General Dynamics (NYSE: GD) has decided to abandon the company’s pursuit for the U.S. Air Force’s T-X trainer replacement program as a prime contractor, Defense News reported Thursday. The company told the publication it made the decision after the information systems and technology group’s reorganization, which completed in January. Alenia Aermacchi originally partnered with …

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March 24 Market Close: GovCon Index Dips as Dollar, Oil Figures Rise

The GovCon Index closed at a coss for a second consecutive day Tuesday as it recorded a decline of 0.318 points to 69.709. A 6-cent increase in crude oil and another increase in the U.S. dollar against other currencies drove U.S. trading activity Tuesday on a day that saw stocks decline, according to CNBC. Stocks traded …

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Air Force Releases Specs for Trainer Jet Replacement Program

The U.S. Air Force has published a set of capability requirements for the military service’s future T-X trainer aircraft, Defense News reported Friday. Aaron Mehta writes USAF’s top-level trainer specifications call for sustained G, simulator visual acuity and performance and aircraft sustainment. Other system requirements include aerial refueling, a 10-knot …

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March 16 Market Close: GovCon Index Rises as Dollar, Oil Fall Ahead of Fed Meeting

The GovCon Index started the week off with a rise of 1.66 percent — or 1.166 points — to close at 69.061 on Monday. Investors will look to see if the Federal Open Market Committee will retain the word “patient” in its next statement scheduled for Wednesday after its two-day March meeting, CNBC reports. …

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March 9 Morning Report: GovCon Index Friday Close Sees 1% Decline

The GovCon Index declined 1.327 percent Friday to close at 68.397 (0.896%), with Intelsat (NYSE: I),  Orbital ATK (NYSE: OA) and Textron (NYSE: TXT) the only companies to record gains. The Dow Jones Industrial Average lost 1.54 percent to 17, 856.78, the Standard & Poor’s 500 composite index declined 1.42 percent to 2, 071.26 and the NASDAQ composite index fell 1.11 percent to …

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