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Search Results for: Collins

Progeny Wins $55M Navy Submarine Payload Control System Development Contract

Progeny Systems has won a $54.7 million contract to develop and test the General Dynamics-developed (NYSE: GD) payload or tactical control system of the U.S. Navy’s AN/BYG-1 submarine combat control system. The Defense Department said Wednesday Progeny will work on the system installed on new and existing Navy submarines and joint program …

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February 16 Morning Report: GovCon Index Posts Gain on Stock, Oil Price Recoveries

The GovCon Index closed Friday with a gain of 0.547 points to 69.294 on increased investor confidence in bank and retail stocks and price recoveries in brent and crude oil. The Index posted a 2-percent decline for the past week and is down 10.62 percent from the beginning of the year. …

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February 12 Market Close: GovCon Index, US Stocks Ride Oil Rally to End Losing Streaks

The GovCon Index rebounded on oil price recoveries and investor confidence Friday at a gain of 0.547 points to 69.294 but remain below the 70-point barrier for a second consecutive close. The Index posted a loss of 2 percent for the week and is down 10.62 percent from the start …

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February 8 Morning Report: GovCon Index Returns to Correction; Jobs Report Boosts US Dollar

The GovCon Index closed Friday with a loss of 1.349 percent to 70.204 to go back to correction. The Index also posted a 2.15-percent weekly decline on continued U.S. market volatility and mixed earnings reports from some listed government services companies. Bloomberg reported that the U.S. dollar strengthened after a report from the …

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February 5 Market Close: GovCon Index Tumbles 1%, S&P Down 2% on Tech Losses & Jobs Data

The GovCon Index tumbled back into a correction Friday at a decline of 1.349 percent to 70.204 as U.S. investors reacted to the latest jobs report with a view toward whether the Federal Reserve would raise interest rates again this year. For the week, the Index posted a decline of …

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Weekly Roundup Jan. 18 – Jan. 22 2016: Analysts Call Defense Stocks Steady in Wild Market & more

Jan. 18 – Jan. 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Volatility in financial markets has become a fact of life all over the world and has sent investors questioning where the opportunities are in the midst of headwinds such as declining …

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January 21 Market Close: GovCon Index Enters Correction With 1% Decline, US Stocks Rise on Oil Gains

The GovCon Index suffered a loss of 1.324 percent to 70.492 Thursday driven by a plunge in Engility Holdings (NYSE: EGL) shares after the contractor issued fiscal year 2016 guidance that forecasts a sharp drop in earnings from 2015 outlook. Chantilly, Va.-based Engility’s 2016 guidance sees earnings of between $1.00 …

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December 21 Market Close: GovCon Index Turns Around Two-Day Slump

The GovCon Index rode the markets up and closed at 76.181, up 0.906%. The markets experienced a roller coaster throughout the trading day but ended positive with strong movement the last 30 minutes of the trading day. Copper and gold were up on news that China may add to the stimulus. …

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