Search Results for: HII

May 2 Market Close: GovCon Index Up on L-3 Upgrade as Defense Primes Follow

The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309, 200 shares …

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April 29 Market Close: GovCon Index Free Fall Deepens to Post Weekly Decline, End Positive April

The GovCon Index deepened its slide Friday with a loss of 0.481 points to 76.361 that puts the GCI at a weekly decline but a sharp gain for the month of April as earnings reports for large government contractors dominated trading activity Monday through Friday. April represents the Index’s third consecutive month …

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April 27 Market Close: GovCon Index Boosted By Defense Prime Gains After 1Q Earnings Reports

The GovCon Index soared 1.396 percent to 77.998 Wednesday on a series of pre-market earnings reports from several large defense prime contractors as Boeing (NYSE: BA) overcame an early morning decline to close in positive. GovCon Wire posted a summary of all six GovCon Index-related earnings figures plus that of United Technologies Corp. (NYSE: UTX) …

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April 6 Market Close: GovCon Index Posts 1% Rally After Fed Minutes Show Leaders’ Rate Hike Hesitance

The GovCon Index erased two days of losses with a gain of 1.183 percent to a one-month high close of 74.769 Wednesday as U.S. markets reacted to the Federal Reserve‘s April meeting minutes that showed some hesitance by policymakers over whether to raise interest rates in April. Healthcare stocks in the S&P 500 …

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Huntington Ingalls, Navy Officials Christen USS Ralph Johnson Destroyer

TYSONS CORNER, VA, April 5, 2016 — Huntington Ingalls Industries (NYSE: HII) has christened the USS Ralph Johnson destroyer in a ceremony attended by U.S. Navy and company executives, ExecutiveBiz reported Monday. The company said Saturday the ship christening ceremony also honored the Vietnam war hero namesake of the 30th Arleigh Burke-class …

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Huntington Ingalls CEO Calls for Earlier Start to LX(R) Dock-Landing Ship Program

TYSONS CORNER, VA, April 4, 2016 — A Huntington Ingalls Industries (NYSE: HII) executive has urged the U.S. Navy to proceed with the LX(R) dock-landing ship development program in fiscal 2018 rather than fiscal 2020, ExecutiveBiz reported Friday. Reuters reported Tuesday HII CEO Mike Petters said starting the program earlier works to limit a potential gap …

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General Dynamics, Huntington Ingalls Get More Funds for 2 Arleigh Burke-Class Destroyers

TYSONS CORNER, VA, April 1, 2016 — The U.S. Navy has awarded additional funds to General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) for the manufacture of two additional Arleigh Burke-class destroyers, ExecutiveBiz reported Thursday. USNI News reported Wednesday General Dynamics Bath Iron Works and Ingalls Shipbuilding will build the seventh and …

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General Dynamics, Huntington Ingalls Agree to Navy’s Submarine Unified Build Strategy

TYSONS CORNER, VA, March 30, 2016 — General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) have agreed on the U.S. Navy‘s new build strategy for the manufacture of the Virginia-class and Ohio-class submarines through 2023, ExecutiveBiz reported Tuesday. USNI News reported Monday the Navy’s “Submarine Unified Build Strategy” puts General …

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March 23 Market Close: GovCon Index Weighed by Commodity Declines, Health Net Up 4% on Centene Deal Approval

The GovCon Index stumbled from the open to close at a loss of 0.279 points to 75.052 as U.S. stock declines mirrored a fall in commodities such as oil and investors continued to speculate over when the next interest rate increases could occur. Los Angeles-based health insurance provider Health Net (NYSE: HNT) …

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Navy Selects 3 Firms for $1.3B San Diego-Based Warship Maintenance Services IDIQ

The U.S. Navy has awarded three companies spots on a potential five-year, $1.32 billion contract to help maintain amphibious warfare and surface combatant ships that dock in San Diego. The Defense Department said Wednesday that BAE Systems,  General Dynamics (NYSE: GD) unit NASSCO and Continental Maritime of San Diego, a subsidiary of Huntington Ingalls Industries …

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