Executive Mosaic’s GovCon Index traded narrowly higher Tuesday with help from middle-tier and government services companies to offset losses by large primes as U.S. stocks recorded another mixed session that saw industrials lag and healthcare stocks climb. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio as five of its 11...
Executive Mosaic’s GovCon Index traded lower Monday on declines by large and middle-tier prime contractors as U.S. stocks showed mixed results after biotechnology gains lifted the Nasdaq composite index to an all-time record close and utilities weighed on the S&P 500 composite index. GovCon Index laggards outnumbered gainers...
TYSONS CORNER, VA, Jan. 9, 2017 ” Northrop Grumman (NYSE: NOC) has rescheduled the flight test of its RQ-4 Global Hawk unmanned surveillance aircraft with the United Technologies Corp.-built (NYSE: UTX) MS-177 multispectral imaging sensor to late January, ExecutiveBiz reported Friday. “The late December test ...
TYSONS CORNER, VA, Jan. 9, 2017 ” The Pennsylvania Employer Support of the Guard and Reserve office has recognized Concurrent Technologies Corp. for its employee support to members of the Pennsylvania Guard and Reserve, GovCon Executive reported Friday. The company said Thursday it received the Soaring Eagle Award, Extraordi...
Stephen Oswald, former CEO of Capital Safety and a senior executive at United Technologies Corp. (NYSE: UTX), will join electronic and structural systems company Ducommun (NYSE: DCO) as president and CEO on January 23. Ducommun said Thursday Oswald will take over the CEO role from Anthony Reardon, who will vacate his operational ...
Executive Mosaic’s GovCon Index registered a 0.162-point climb Friday to 89.761 and closed the week in the positive. Lockheed Martin (NYSE: LMT) was GCI’s top net performer while Honeywell (NYSE: HON) led the Index in percentage gained. The Index’s gain follows the latest jobs report from the Labor Dep...
Executive Mosaic’s GovCon Index closed the week slightly higher Friday as the Dow neared the 20.000 mark. The major markets enjoyed a shot in the arm from The Labor Department’s report that 156, 000 new jobs were added in December. Advancers equaled decliners on the day with the GovCon Index closing up 2.0% on the short...
TYSONS CORNER, VA, Jan. 6, 2017 ” DJI and Seagate Technology (Nasdaq: STX) have entered into a partnership to create new technologies in an effort to address the data storage, download, management and sharing demands of large volumes of data generated from unmanned aerial vehicle, ExecutiveBiz reported Wednesday. With this partne...
TYSONS CORNER, VA, Jan. 6, 2017 ” The Air Force Research Laboratory has awarded BAE Systems a five-year, $49 million contract to build, implement and maintain security platforms to support information dissemination between government networks, ExecutiveBiz reported Thursday. BAE said Thursday the systems will work to securely transfer...
L3 Technologies (NYSE: LLL), then L-3 Communications, has wrapped up its purchase of Implant Sciences™ explosive trace detection business for $117.5 million cash through an asset purchase agreement. Michael Strianese, chairman and CEO of L3, said in a statement released Thursday the acquisition will help expand L3™s presence in nation...
