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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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Orbital ATK 3Q Earnings, Revenue Top Wall Street Forecasts; Company Raises 2015 Outlook

Orbital ATK (NYSE: OA) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $1.35 per share, 25 cents above Wall Street analyst forecasts. The Dulles, Va.-based space systems and ammunition maker also posted $1.135 billion in revenue for the quarter on strong …

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Bloomberg: Air Force Could Unveil Bomber Contract Winner by Tuesday

The U.S. Air Force has received the go-ahead from Pentagon acquisition chief Frank Kendall to proceed with the awarding of its Long Range Strike Bomber contract, Bloomberg reported Tuesday. Anthony Cappacio and Julie Johnsson write USAF could name Northrop Grumman (NYSE: NOC) or a team of Boeing (NYSE: BA) and …

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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 26 Morning Report: GovCon Index Rises as More Q3 Earnings Reports Loom

The GovCon Index closed Friday at a gain of 1.057 percent to 75.312 ahead of third-quarter earnings reports from more Index companies scheduled through the end of the week. Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon (NYSE: RTN) reported Q3 earnings above Wall Street estimates, helping the Index record a weekly gain …

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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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Weekly Roundup Oct 19 – Oct 23 2015: Contracting Giants Kick Off 3Q Earnings Season & more

Weekly Roundup Oct 19 – Oct 23 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Three of the U.S.’ five largest government contractors and members of Executive Mosaic’s GovCon Index ushered in the latest round of earnings reports this week and …

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Reports: William LaPlante Says Air Force to Award Bomber Contract Soon

William LaPlante, assistant secretary of the U.S. Air Force for acquisition, has said the service will award the potential $80 billion contract for the Long Range Strike Bomber soon, Reuters reported Wednesday. Idrees Ali and Andrea Shalal write that LRSB will succeed the Air Force’s aging fleet of B-1, B-2 and B-52 …

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Kevin Mickey Appointed Northrop Aerospace Advanced Design VP; Chris Hernandez Comments

Kevin Mickey, formerly president of Northrop Grumman (NYSE: NOC) subsidiary Scaled Composites, has been named vice president of advanced design in the company’s aerospace systems sector. Mickey will oversee the sector’s aircraft design activities in his new role that he will start Nov. 2, Northrop said Thursday. “He will be a great …

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October 21 Market Close: GovCon Index Down, US Stocks Tumble on Healthcare & Tech Declines

The GovCon Index struggled to show direction for most of Wednesday before a sharp drop in the afternoon session to close with a decline of 0.142 points to 73.099. Index company Boeing (NYSE: BA) led all gainers with a climb of 1.66 percent to $141.19 after the Chicago-based airplane maker posted third quarter earnings above Wall Street expectations and …

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