Italy-based defense and aerospace conglomerate Leonardo has designated its U.S. subsidiary DRS as prime contractor for an industry team that will bid on the U.S. Air Force‘s T-X fighter pilot trainer contract. DRS said Wednesday it will collaborate with CAE USA and International Turbine Engine Company&nb...
Executive Mosaic’s GovCon Index traded lower Wednesday on declines by services-oriented contractors as U.S. stocks traded in narrow range with financial shares the main laggards and crude oil prices again a focal point of investor attention. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio as three of its 11 S&P 500 c...
Executive Mosaic’s GovCon Index closed higher Tuesday with a strong performance by Boeing (NYSE: BA) the main contributor, while U.S. stocks ended slightly green despite an afternoon descent as investors eyed oil price declines. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio as nine of its 11 S&P 500 components advanced ...
Raytheon (NYSE: RTN) and Leonardo have decided to end their partnership to compete for the U.S. Air Force’s T-X trainer aircraft program after the companies failed to “reach a business agreement, †Defense News reported Wednesday. Aaron Mehta and Valerie Insinna write Leonardo said in a statement published Wednesday th...
Executive Mosaic’s GovCon Index held onto its gain Wednesday with help from Boeing (NYSE: BA) on the airplane maker’s fourth quarter results above analyst forecasts to offset the decline by Textron (NYSE: TXT) after its October-December figures disappointed Wall Street. U.S. stocks by comparison hit all-time highs again in comparison as...
Executive Mosaic’s GovCon Index tumbled in conjunction with larger declines on Wall Street Monday as investors retreated from equities after President Donald Trump signed an executive order to withdraw from the 12-country Trans-Pacific Partnership trade agreement. GovCon Index decliners outnumbered gainers by a 4-to-1 ratio and two o...
Executive Mosaic’s GovCon Index traded higher Wednesday on help from its large-cap components against mixed U.S. stock movements as investors awaited Federal Reserve chair Janet Yellen’s speech on the U.S. economy during the last hour of trade. GovCon Index gainers slightly edged decliners each and nine...
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...
The U.S. Air Force has released a request for proposals for a potential $16.3 billion program that seeks to build a new trainer jet designed to replace the T-38 aircraft and train pilots of F-22 and F-35 fighter jets, Air University reported Friday. The RFP for the Advanced Pilot Training program covers engineering and manufacturing development...
Executive Mosaic’s GovCon Index registered a loss Friday to close what was only its second weekly decline since the Nov. 8 election of Donald Trump and end December in the negative. GCI decliners outnumbered gainers by a 3-to-1 ratio in the last trading session of 2016, while 25 out of 30 Index companies advanced on a yearly bas...
