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February 11 Market Close: GovCon Index Stays Level as Greece, Ukraine Talks Hang Over Market

The GovCon Index mirrored largely flat activity in the larger U.S. stock market to record a nominal gain of 0.091 points to 68.582. Traders showed concern over the outcome of negotiations between Greece’s new government and finance leaders in the Euro zone and are watching the progress of peace talks between France, …

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PV Puvvada Appointed Full-Time Unisys Federal Systems Head; Peter Altabef Comments

Pv Puvvada, acting president of Unisys‘ (NYSE: UIS) federal systems business since July 2014, has been appointed to the president role on a full-time basis. The 23-year company veteran will lead the organization’s work to deliver security, communications, big data, mobile and cloud computing products in the federal market, Unisys said …

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SRA Records Q2 Increase in Revenue, Operating Income; Bill Ballhaus Comments

SRA International posted $342 million in revenue for the second quarter of its 2015 fiscal year, up from almost $334 million in the prior-year period, the Washington Business Journal reported Tuesday. Jill Aitoro writes SRA announced Tuesday the company saw its Q2 operating income grow to $20.22 million from the …

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February 10 Market Close: GovCon Index Closes Up, Orbital ATK and Huntington Ingalls Join

The GovCon Index gained 0.407 points to 68.524 Tuesday, a day that saw the close adjusted with the addition of two new government contracting firms to the Index. Tuesday marked the Index’s first day of tracking new members Orbital ATK (NYSE: OA), the company formed out of the merger of ATK’s aerospace and defense groups with Orbital Sciences, and …

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February 9 Market Close: GovCon Index Falls, Greek Debt Talks Drag US Stocks

The GovCon Index started the trading week with a decline of 0.44 points — or 0.6 percent — to close at 73.746 Monday and end a three-day gain streak. On Tuesday, the GovCon Index will replace ATK and Orbital Sciences with Orbital ATK (NYSE: OA), the company formed out of the merger of ATK’s aerospace and defense …

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February 9 Morning Report: Harris, Exelis Lead GovCon Index Gains

The GovCon Index gained 0.719 points, or 0.96 percent, on Friday for a new record close of 74.186. Harris Corp. (NYSE: HRS) announced its intent to buy Exelis (NYSE: XLS) for $5 billion, an announcement that sent a price surge of 9.63 percent and 36.25 percent for both companies. The Dow Jones Industrial Average fell 60.59 points to 17, …

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February 6 Market Close: Harris, Exelis Gains Lift GovCon Index to Record Close

The GovCon Index ended the trading week with a gain of 0.719 points — or 0.96 percent — to a new record of 74.186. Harris Corp.’s stock price jumped 9.63 percent after the military radio maker said it would buy defense technology contractor Exelis (NYSE: XLS) for approximately $4.75 billion in cash and stock. …

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February 5 Market Close: GovCon Index Rises With US Stocks, Oil Prices

The GovCon Index broke the 73-point barrier for the first time Thursday to record a gain of 0.746 points — or 1.004 percent — and close at 73.471. Oil prices rose more than 6 percent Thursday after an 8.7-percent decline Wednesday and investors also reacted to a strengthening of the dollar and earnings …

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February 4 Market Close: GovCon Index Records Flat Day, US Stocks React to ECB’s Greece Decision

The GovCon Index saw a relatively flat day of trading Wednesday with a nominal gain of 0.065 points — or 0.089 percent — to close at 72.726. Most U.S. stocks fell late in the trading day after the European Central Bank said it would suspend a waiver to let banks use the Greek government’s …

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RSA Executive Chair Art Coviello to Retire in February; Joe Tucci Comments

Art Coviello, executive chairman of RSA and executive vice president of parent company EMC (NYSE: EMC),  will retire by Feb. 28 and act as a strategic adviser to RSA President Amit Yoran through the transition period. Yoran, an inductee into Executive Mosaic’s Wash100 list for 2015, will assume Coviello’s responsibilities but …

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