The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309, 200 shares traded versus the 10-day average...
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...
The GovCon Index soared 1.396 percent to 77.998 Wednesday on a series of pre-market earnings reports from several large defense prime contractors as Boeing (NYSE: BA) overcame an early morning decline to close in positive. GovCon Wire posted a summary of all six GovCon Index-related earnings figures plus that of United Techn...
The GovCon Index erased two days of losses with a gain of 1.183 percent to a one-month high close of 74.769 Wednesday as U.S. markets reacted to the Federal Reserve‘s April meeting minutes that showed some hesitance by policymakers over whether to raise interest rates in April. Healthcare stocks in the S&P 500 composite inde...
TYSONS CORNER, VA, April 5, 2016 ” Huntington Ingalls Industries (NYSE: HII) has christened the USS Ralph Johnson destroyer in a ceremony attended by U.S. Navy and company executives, ExecutiveBiz reported Monday. The company said Saturday the ship christening ceremony also honored the Vietnam war hero namesake of the 30th Arleigh Bur...
TYSONS CORNER, VA, April 4, 2016 ” A Huntington Ingalls Industries (NYSE: HII) executive has urged the U.S. Navy to proceed with the LX(R) dock-landing ship development program in fiscal 2018 rather than fiscal 2020, ExecutiveBiz reported Friday. Reuters reported Tuesday HII CEO Mike Petters said starting the progr...
TYSONS CORNER, VA, April 1, 2016 ” The U.S. Navy has awarded additional funds to General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) for the manufacture of two additional Arleigh Burke-class destroyers, ExecutiveBiz reported Thursday. USNI News reported Wednesday General Dynamics Bath Iron Works and Ing...
TYSONS CORNER, VA, March 30, 2016 ” General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) have agreed on the U.S. Navy‘s new build strategy for the manufacture of the Virginia-class and Ohio-class submarines through 2023, ExecutiveBiz reported Tuesday. USNI News reported Monday the Navy’s “Submari...
The GovCon Index stumbled from the open to close at a loss of 0.279 points to 75.052 as U.S. stock declines mirrored a fall in commodities such as oil and investors continued to speculate over when the next interest rate increases could occur. Los Angeles-based health insurance provider Health Net (NYSE: HNT) led Index gainers at 3.67 ...
The U.S. Navy has awarded three companies spots on a potential five-year, $1.32 billion contract to help maintain amphibious warfare and surface combatant ships that dock in San Diego. The Defense Department said Wednesday that BAE Systems, General Dynamics (NYSE: GD) unit NASSCO and Continental Maritime of San Diego, a subsidia...
