Search Results for: Serco

The Deals, Moves and Shakeups That Drove GovCon in 2014

EDITORS NOTE: The piece below is a special edition of the Weekly Roundup newsletter written by Jim Garrettson, president and founder of this website’s parent company Executive Mosaic, to recap the biggest stories in the GovCon sector for 2014. In this year-end issue, Jim wraps up the year with a …

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Navy Awards 5 Spots on Operations, Maintenance Services Contract

The U.S. Navy has awarded positions on a potential $40, 716, 029 contract to five companies for support services on operations and maintenance projects. The Defense Department said Thursday will provide professional, technical and administrative support services to the deputy chief of naval operations. A majority of the work will occur in Virginia …

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December 10 Market Close: GovCon Index Tumbles, SAIC Jumps for 2nd Straight Day

The GovCon Index tumbled 2.055 percent — or 1.394 points — to close at 69.214 on a Wednesday that saw only two out of 30 companies on the index show gains: Science Applications International Corp. (NYSE: SAI) and Serco Inc. SAIC’s stock price increased for a second consecutive day after the company said its third-quarter revenue increased 2 …

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December 1 Market Close: GovCon Index Starts Month With Loss

The GovCon Index kicked off the final month of 2014 with a decline of 0.826 percent — or 0.574 points — to 70.058 on Monday. Lower-than-expected sales over Thanksgiving weekend and a decline in Supply Management’s national factory activity index for October drove stock prices downward, CNBC reported. Laggers led gainers by a three-to-one ratio …

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November 25 Market Close: GovCon Index Reaches New High

The GovCon Index reached a new high to 70.341, up 0.309 percent, while both Dow Jones Industrial and S&P 500 finished slightly down -0.02 percent and -0.12 percent,  respectively. The energy sector weighted on the board with oil prices hitting a four-year low.     Top Percentage Gainers Company Stock Price $ Change % …

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November 12 Market Close: GovCon Index Continues Week’s Upward Crawl

The GovCon Index continued its stretch this week of nominal gains to a third consecutive day as it ended Wednesday’s trading day at 68.578 — an increase of 0.279 percent over Tuesday’s figure. Reuters cited declines in energy stocks and financial shares as among the reasons behind the decreases in two out …

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November 7 Morning Report: GovCon Index Up on Thursday’s Close

The GovCon Index closed Thursday at 68.486, up 0.086 or 0.126 percent. Reuters reported Thursday market optimism over anticipation that the European Central Bank may be getting ready with new measures to bolster the eurozone. The Dow Jones industrial average hit a record high, up 69.94 points, or 0.4 percent, to 17, …

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November 4 Morning Report: GovCon Index Up on Monday’s Close

The GovCon Index closed Monday at 68.439, slightly up 0.022 or 0.032 percent. U.S. indexes hit intraday highs before ending lower ahead of the Tuesday midterm elections, Market Watch reported Monday. The Dow Jones industrial average closed at 17, 366.24, down 24.28 points or 0.1 percent, while the Standard & …

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October 30 Morning Report: GovCon Index Down on Wednesday’s Close

The GovCon Index closed Wednesday at 66.977, down 0.297 or 0.445 percent. The Federal Reserve has ended a bond-buying program it had imposed to stimulate the economy, an announcement Reuters said Wednesday sent indicators to finish on a low. The Dow Jones fell 31.44 points, or 0.18 percent, to 16, 974.1. The Standard & …

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