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Wood Parker Named to Serco’s US Arm Board; Dan Allen Comments

Wood Parker, former president and CEO of Engility’s (NYSE: EGL) TASC subsidiary, has been appointed to the board of directors at Serco Group’s U.S. subsidiary Serco Inc. “Wood’s extensive knowledge and insight into federal government contracting with the department of defense, federal civilian agencies and the intelligence community will be …

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November 9 Morning Report: GovCon Index Closes Down, US Traders Up Chance of December Rate Hike

The GovCon Index dropped 0.274 points to close Friday at 78.007 after a mixed day for U.S. markets in which the probability of an interest rate hike in December rose to 70 percent following the October jobs report, according to CNBC. The previous week saw the Index end at a nominal gain of 0.053 points. …

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November 6 Market Close: GovCon Index Drops, US Stocks Mixed as Traders Bet on December Rate Hike

The GovCon Index stuttered after the opening bell Friday morning and settled at a decline of 0.274 points to close at 78.007 on a mixed day for U.S. stocks. U.S. markets have priced in a 70-percent chance the Federal Reserve will raise interest rates at its December meeting after Friday’s …

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November 5 Market Close: GovCon Index Rises on Huntington Ingalls’ Earnings, US Stocks Mixed

The GovCon Index gained 0.485 points to 78.281 on naval shipbuilder Huntington Ingalls‘ (NYSE: HII) third quarter earnings report that topped Wall Street’s expectations. Shares in Newport News, Virginia-based Huntington Ingalls surged 8.11 percent to $130.13 after the company said its third quarter profit climbed 15.62 percent from the same period in 2014 and earnings …

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November 2 Market Close: GovCon Index, US Stocks Climb on Earnings, Data

The GovCon Index rode a full day of gains U.S. markets Monday with its own 0.713-point climb to a new all-time high of 77.987. Monday marks the third session out of four that the Index ended at a new record closing figure after an October that represents its strongest month in 2015. …

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November 2 Morning Report: October Ends as GovCon Index’s Strongest Month in 2015

The GovCon Index closed Friday with a decline of 0.244 points to 77.274 but ended with October as its strongest month for 2015 with a gain of 10.56 percent. A series of third-quarter earnings reports from 10 listed companies that met or exceeded consensus Wall Street forecasts bolstered the Index’s performance in the past month. …

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October 30 Market Close: GovCon Index Dips, Closes Strongest Month for Year

The GovCon Index entered positive territory in the early afternoon session Friday but gave back gains to close at a decline of 0.244 points to 77.274. October ends as the Index’s strongest month for 2015 with a gain of 10.56 percent spurred by a series of third quarter earnings reports from listed companies …

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October 22 Market Close: GovCon Index Snaps Out of Neutral, Posts 2% Gain

The GovCon Index snapped a four-day streak of nominal and negative trading activity Thursday with a gain of 1.949 percent to 74.524. Raytheon (NYSE: RTN) shares climbed 4.1 percent to $111.28 after the weapons maker posted third quarter earnings and sales figures above Wall Street forecasts and raised its full-year revenue …

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October 20 Market Close: GovCon Index Neutral as Lockheed, UTC Kick Off 3Q Defense Earnings Season

The GovCon Index continued to reflect a narrow range of trading activity across U.S. stock markets Tuesday with a nominal decline of 0.052 points to 73.241 as Lockheed Martin (NYSE: LMT) and United Technologies Corp. started the first full week of third quarter earnings season for many Index and other defense-GovCon companies. …

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October 19 Morning Report: GovCon Index Posts Nominal Decline

The GovCon Index closed Friday at a nominal decline of 0.069 points to 73.244 for a weekly decline of 1.25 percent after two weeks of positive performance ahead of third quarter earnings season.   U.S. markets posted gains for the third consecutive week amid lower expectations of an interest rate increase, according to the Wall Street Journal. …

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