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October 6 Market Close: GovCon Index Goes Green Against Muted US Markets, Booz Allen Rallies & Gets Analysts’ Backing

Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. Thursday’s gain puts the GCI on pace for a weekly gain with Friday’s …

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Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

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Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates

Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

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Navy Taps Booz Allen for Marine Corps Program Analysis, Evaluation Contract

Booz Allen Hamilton (NYSE: BAH) has received a potential $48.6 million contract from the U.S. Navy to provide analysis and evaluation support services to the Headquarters Marine Corps. The Defense Department said Friday the contract covers qualitative and quantitative analysis support for the commandant of the Marine Corps, deputy commandant programs and resources, Joint …

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May 18 Market Close: GovCon Index Nudges Gain on Booz Allen, McKesson Boosts

The GovCon Index hovered in neutral territory during the final two hours of trade Wednesday and closed at a gain of 0.220 points to 77.591 despite its descent from a strong early afternoon session. The GCI hit volatility in conjunction with the S&P 500 composite index shortly after 2 p.m. upon the release of the Federal …

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April 28 Market Close: GovCon Index Reverses Course, Plunges 1% on CACI Guidance Cut

The GovCon Index had all of its Wednesday gains wiped out in Thursday trade with a sharp decline of 1.482 percent to 76.842 after a third-quarter revenue miss and guidance cut from government services contractor CACI International (NYSE: CACI). Arlington, Virginia-based CACI brought down the high ends of both its full-year …

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Vectrus 2016 Guidance Mixed Versus Street Estimates; 2015 & 4Q Earnings Top Analyst Forecasts

Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has issued earnings and revenue guidance for 2016 with the midpoint outlooks respectively below and level the consensus Wall Street forecast on continued declines in sales for programs based in Afghanistan. The Colorado Springs-based information technology …

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Diane Murray to Lead Deloitte’s Federal Civilian Sector; Dan Helfrich Comments

Diane Murray, a principal at Deloitte Consulting and an 18-year information technology consulting veteran, has been named leader of Deloitte‘s federal civilian sector. She succeeds Dan Helfrich, who has taken a new role as head of the federal practice at the professional services company, Deloitte said Monday. “[Murray] has the first-hand experience in helping …

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Patrick Gallagher: Carahsoft, HPE Eye Info Governance for Big Data Challenges

TYSONS CORNER, VA, February 12, 2016 — Carahsoft and Hewlett Packard Enterprise (NYSE: HPE) endorse information governance strategy to companies in an effort to help deter risks in big data, ExecutiveBiz reported Thursday. “We’re working to accelerate compliance and IG with legacy data clean-up and reducing redundant, obsolete and trivial (ROT) dark …

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Harris Lowers FY 2016 Revenue Outlook on Energy Price Declines, Lifts Earnings Guidance Despite 2Q Loss

Harris Corp. (NYSE: HRS) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has cut revenue guidance for its 2016 fiscal year on global declines in oil prices that have affected the company’s outlook for the CapRock remote communication services business. The Melbourne, Fla.-based communications technology manufacturer — …

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