The GovCon Index staged a recovery in afternoon trade after a limp open Thursday but closed at a loss of 0.059 points to 78.791 as Britain’s referendum on whether to exit the European Union continued to dominate global financial market activity. All campaign activities surrounding the “Brexit” vote set for Thursday were suspen...
The GovCon Index stretched its current streak of gains to five Tuesday by 0.212 points to 79.746 on an upgrade to L-3 Communications (NYSE: LLL) and a spike in Navistar International (NYSE: NAV) shares despite a full-year revenue guidance cut. Credit Suisse lifted its target price on L-3 to $169.00 and held a “Buy” rating on...
May 30 – June 3 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The time has come and gone for industry to throw their hats into the ring in pursuit of the contract to help construct the future nationwide broadband network for U.S. public safety agencies. Tuesday...
The State Department has approved Australia™s request to procure a suite of Standard Missile-2 Block IIIB missiles and related equipment from the U.S. government under a potential $301 million foreign military sales agreement between both countries. Raytheon (NYSE: RTN) and BAE Systems will serve as principal contractors in&...
The State Department has approved a $260 million foreign military sale of logistics support services, support and communications equipment, personnel training and spare and repair parts for F-16 units to Oman. The Defense Security Cooperation Agency said Thursday the government of Oman has also requested electronic combat international se...
The GovCon Index posted a loss of 0.481 points to 76.361 Friday and closed the week with a decline amid the release of first-quarter earnings reports from large U.S. government contractors throughout the week. GCI closed April as its third consecutive month with positive movement at a year-to-date gain of 5.24...
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 with positive moveme...
TYSONS CORNER, VA, April 22, 2016 ” Exostar has said BAE Systems, Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) have committed to deploy its updated risk management service for defense contractors, ExecutiveBiz reported Thursday. The update includes a questionnaire that works to help contractors cover all the...
The GovCon Index ended its three-day gain streak Wednesday with a nominal loss of 0.008 points to 76.354 as a downgrade on Boeing‘s stock (NYSE: BA) and its subsequent decline offset gains from a first-quarter sales and earnings beat from Textron (NYSE: TXT). Providence, R.I.-based Textron climbed 4.89 percent&nbs...
The GovCon Index held onto a positive close for the third consecutive session Tuesday at 0.148 points to 76.362 after a descent from a strong open to negative territory in early afternoon trade before a reversal into green. Losses by technology shares on disappointing earnings reporters weighed on U.S. markets but were offset by ...
