Executive Mosaic’s GovCon Index closed higher Thursday on strong performances by CACI International (NYSE: CACI) and Harris Corp. (NYSE: HRS) after both contractors reported quarterly earnings above Wall Street’s expectations. U.S. stocks in contrast ended mostly flat as investors waited Friday’s job report and weighed Preside...
Northrop Grumman (NYSE: NOC) and BAE Systems have ended a joint pursuit of the U.S. Air Force™s T-X trainer aircraft program, Breaking Defense reported Wednesday. œThe companies have decided not to submit a proposal for the T-X Trainer program, as it would not be in the best interest of the companies and their shareholders, ...
Matthew Bromberg, a 15-year veteran of United Technologies Corp. (NYSE: UTX) and president of the commercial engines aftermarket business of its Pratt & Whitney subsidiary, has been appointed to serve as president of the subsidiary’s military engines unit by May. Pratt & Whitney said Tuesday that Bromberg will succeed th...
https://www.youtube.com/watch?v=zCw25fNeP_Q Footage from Lockheed Martin’s T-50A....
Executive Mosaic’s GovCon Index closed flat Tuesday with large prime aerospace contractors the main laggards and services companies the predominant gainers as U.S. stocks also fell on continued investor uncertainty over White House policies. GovCon Index decliners outnumbered gainers 18-12 as three of its 11 S&P 500 com...
Executive Mosaic’s GovCon Index posted a 0.257-percent gain to 88.929 Friday despite decliners outnumbering gainers by a 2-to-1 ratio as General Dynamics (NYSE: GD) recorded an all-time high on a positive three-year sales outlook. General Dynamics, which was GCI’s top net and percentage performer, said in an earn...
Executive Mosaic’s GovCon Index held positive Friday to end the week flat despite a majority of its 30 stocks in negative territory as S&P 500-listed General Dynamics (NYSE: GD) surged to an all-time record high during the session after the defense contractor issued a bullish three-year sales outlook. U.S. stocks traded slightly lower afte...
Rolls-Royce has secured a $73.6 million task order to sustain the propulsion systems of the U.S. Air Force‘s fleet of C-130J Super Hercules transport aircraft. The company will also provide inventory control point management, repair, sustaining engineering and technical data support services under the task order, the Defense Department sa...
Executive Mosaic’s GovCon Index traded lower Thursday with declines by large caps McKesson Corp. (NYSE: MCK), Raytheon (NYSE: RTN) and Northrop Grumman (NYSE: NOC) the main contributors in a mixed trading session for U.S. stocks. GovCon Index decliners slightly edged gainers as seven of its 11 S&P 500 components advanced with co-listed L3 ...
A subsidiary of Honeywell International (NYSE: HON) has received a notice to proceed from the National Nuclear Security Administration to start the transition efforts for the operation and management of Sandia National Laboratories. National Technology & Engineering Solutions of Sandia will assume management responsibili...
