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Executive Mosaic’s GovCon Index closed Friday with a 0.464-percent climb to 88.863 as gainers outnumbered laggards at a 2-to-1 ratio with strong performances by defense prime stocks. L3 Technologies (NYSE: LLL) was GCI’s top net performer while Vectrus (NYSE: VEC) led the listed stocks in percentage gained. The Index’...
Executive Mosaic’s GovCon Index rebounded Friday with strong performances by defense prime stocks as U.S. stocks rose on investor optimism from quarterly earnings beats by large financial institutions and positive retail sales numbers from December. GovCon Index gainers outnumbered laggards by a 2-to-1 ratio and nine of its 11 S&P 500 stoc...
Lockheed Martin (NYSE: LMT) is “close to a deal” on a new contract that would “significantly” bring down costs of the next line of F-35 fighter jets and add 1, 800 new jobs at its Fort Worth, Texas facility that houses production, the company’s chief executive said Friday after a meeting with President-elect D...
TYSONS CORNER, VA, Jan. 13, 2017 ” CenturyLink (NYSE: CTL) will deliver software-defined networking and network functions virtualization services as part of its Defense Research and Engineering Network III contract that looks to develop a fiber-optic network for the Defense Department, ExecutiveBiz reported Thursday. The company ...
TYSONS CORNER, VA, Jan. 13, 2017 ” General Dynamics‘ mission systems subsidiary is now accepting orders from customers in the global defense, commercial and scientific sectors for its new Bluefin SandShark autonomous underwater vehicle via the company’s website, ExecutiveBiz reported Thursday. The company said Wednesday&nb...
TYSONS CORNER, VA, Jan. 13, 2017 ” IBM‘s (NYSE: IBM) Watson Health unit has entered into a research initiative with the U.S. Food and Drug Administration in an effort to explore blockchain technology application for health data, ExecutiveBiz reported Thursday. The company said Wednesday it will work with the agency to study...
TYSONS CORNER, VA, Jan. 13, 2017 ” Lockheed Martin (NYSE: LMT) continues to mentor Accurate Machine and Tool under the Defense Department‘s Mentor-Protege Program to develop the small business’ efforts to support more customers and pursue opportunities in the public sector as a prime contractor, ExecutiveBiz...
TYSONS CORNER, VA, Jan. 13, 2017 ” RapidSOS has named William Swanson, former Raytheon (NYSE: RTN) chairman and CEO, to the advisory board of the New York-based emergency communications technology company, GovCon Executive reported Thursday. Swanson has at least 40 years of experience in cybersecurity, defense and communicat...
Executive Mosaic’s GovCon Index fell for a second straight session Thursday on continued declines by large aerospace and defense primes as U.S. stocks also tumbled with earnings season at the forefront of investor attention. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and two of its 11 S&P 500 components advanced with...
TYSONS CORNER, VA, Jan. 12, 2017 ” Raytheon‘s (NYSE: RTN) Standard Missile – 6 has been approved by the Defense Department to be sold to several international customers that seek to use the missiles to support their shipbuilding programs, ExecutiveBiz reported Wednesday. The company said Tuesday SM-6 is designed ...
