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Search Results for: textron

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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March 6 Market Close: GovCon Index Drops 1% as US Dollar Surges, Traders Anticipate Rate Hikes

The GovCon Index mirrored losses in U.S. markets Friday as it fell 1.327 percent to close at 68.397. Intelsat (NYSE: I), Orbital ATK (NYSE: OA) and Textron (NYSE: TXT) were the only companies listed on the index to record gains. The U.S. dollar surged against the euro and the yen while a …

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March 2 Morning Report: GovCon Index Down at Friday’s Close

The GovCon Index ended the month of February with 69.615 at Friday’s close, a loss of 0.677 points or 0.982 percent. ICF International (NASDAQ: ICFI) led gainers after reporting a double-digit revenue increase for the 2014 fiscal year. The Dow Jones Industrial Average slipped 82.04 points to 18, 132.38, the Standard & Poor’s 500 composite index dipped 6.25 points …

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February 27 Market Close: GovCon Index Ends February With Loss

The GovCon Index closed the last trading day of February with a loss of 0.677 points to 69.615. ICF International (NASDAQ: ICFI) was the biggest gainer after the company reported an 11-percent increase in revenue for its full 2014 fiscal year. Commerce Department data released Friday said the country’s gross domestic …

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