Search Results for: HII

Huntington Ingalls CEO: Shipbuilder Gains Prime Contract Opportunities Through Camber Purchase

Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted $364 million in revenue and holds prime positions on five government-wide …

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Leidos Boosts Full-Year Guidance on 3Q Earnings Beat, Huntington Ingalls Misses Street’s Estimates

GovCon Index-listed companies Leidos Holdings (NYSE: LDOS) and Huntington Ingalls Industries (NYSE: HII) released third quarter financial results before markets opened Thursday with both contractors at different stages in major merger-and-acquisition activity. Leidos, the U.S.’ largest government services provider, raised full-year guidance for both earnings per share and revenue as third quarter EPS exceeded the …

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Huntington Ingalls to Buy Camber for $380M to Add IT, Govt Services Market Footprints

Military shipbuilder Huntington Ingalls Industries (NYSE: HII) has agreed to acquire government services contractor Camber Corp. for $380 million in a move to diversify revenue and add new information technology work with U.S. defense, intelligence and civilian agencies. Huntington Ingalls’ move for Camber comes in a year where other larger defense prime contractors …

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November 2 Market Close: GovCon Index Down Slightly in US Stock Market Selloff

Executive Mosaic’s GovCon Index closed narrowly down in the midst of a larger selloff in U.S. financial markets Wednesday as declines by defense primes offset gains on guidance boosts by government services contractors Booz Allen Hamilton (NYSE: BAH) and ICF (Nasdaq: ICFI) along with a sharp rise by McKesson Corp. (NYSE: MCK). By …

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October 31 Market Close: GovCon Index Closes in Tight Range, Ends October Decline to Start New Earnings Week

Executive Mosaic’s GovCon Index traded in tight range Monday to record its third straight monthly decline with a second week of quarterly financial reports from GCI companies set to begin Tuesday morning. U.S. stocks also struggled for direction Monday in the start of the final full trading week before the presidential election …

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October 31 Morning Report: GovCon Index Records 1.039% Drop Friday to Close 5th Weekly Loss

Executive Mosaic’s GovCon Index posted a 1.039-percent or 0.830-point decline Friday to close at 79.036 and record its fifth consecutive weekly loss. Friday saw Northrop Grumman (NYSE: NOC) as the GCI’s best net performer followed by L-3 Communications (NYSE: LLL) and General Dynamics (NYSE: GD), while AECOM (NYSE: ACM), L-3 Communications and KBR (NYSE: KBR) were the …

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October 28 Market Close: GovCon Index Falls to 5th Consecutive Weekly Loss on McKesson Earnings Miss

Executive Mosaic’s GovCon Index fell at least 1 percent for a second straight time Friday to post its fifth consecutive weekly loss after pharmaceutical services provider McKesson Corp. (NYSE: MCK) issued a guidance cut due to nationwide drug pricing pressure on wholesalers. GovCon Index gainers outnumbered laggers at a 2-to-1 ratio and eight …

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October 26 Market Close: GovCon Index Gets Northrop & Boeing Lift Against Mixed US Stock Trade

Executive Mosaic’s GovCon Index traded higher against mixed activity in U.S. stock markets Wednesday for a second consecutive session on large contributions from Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) after both aerospace-defense companies boosted their full-year outlooks. GovCon Index advancers edged laggers and nine of its S&P 500 companies gained as the latter U.S. stock bellwether …

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October 24 Morning Report: GovCon Index Posts 4th Consecutive Weekly Loss

Executive Mosaic’s GovCon Index closed Friday with a 0.364-percent or 0.289-point decline to 79.147 as laggers outnumbered advancers and ended the five-day trading period with its fourth straight weekly loss. Honeywell International (NYSE: HON) was the GCI’s lone S&P 500-listed stock to post a gain on its third-quarter earnings and revenue and was the second-best net gainer …

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October 21 Market Close: GovCon Index Down, Posts 4th Straight Weekly Loss

Executive Mosaic’s GovCon Index held lower Friday as large-cap primes fell to offset a jump by Honeywell International (NYSE: HON) on that company’s in-line third quarter earnings as the GCI ended at its fourth straight weekly loss. GovCon Index laggers outnumbered advancers 2-to-1 in Friday trade and Honeywell was the GCI’s lone S&P 500-listed stock of …

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