Executive Mosaic’s GovCon Index posted a gain of 0.508 percent or 0.412 points Friday to close at 81.565 and end a three-day losing streak as investors bet against the possibility of an interest rate hike in September. The Index also registered a weekly gain with S&P 500-listed Northrop Grumman (NYSE: NOC) as ...
Executive Mosaic’s GovCon Index ended its three-day losing streak Friday after August’s jobs report missed economists expectations to register a weekly gain and investors bet against the possibility of a September interest rate hike. GovCon Index gainers outnumbered laggers by a roughly 9-to-1 ratio and S&P 500-listed&...
August 29 – September 2 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This calendar year so far has brought an unprecedented year of change and tectonic shifts to the government contracting sector and even with that said, what other catalysts could come in ...
The U.S. government could approve this month a pair of foreign military sales agreements for Qatar and Kuwait to procure up to 76 Boeing-built (NYSE: BA) F-15 and F/A-18E/F Super Hornet jets worth an estimated $7 billion, Reuters reported Thursday. Tom Finn and Andrea Shalal write sources said the deals include the sale of 3...
Lockheed Martin (NYSE: LMT) subsidiary Sikorsky Aircraft has received a $135.4 million contract modification from the U.S. Army to build 24 UH-60M Black Hawk multimission helicopters configured for Taiwan under a foreign military sales deal. Sikorsky will perform work in Stratford, Connecticut, through Oct. 8, 2018, the Def...
The National Nuclear Security Administration has decided to revoke a potential $5 billion contract NNSA awarded to Nevada Site Science Support and Technologies Corp. earlier this week on grounds that NVS3T did not inform the agency it was acquired by Leidos Holdings (NYSE: LDOS) as part of the latter’s merger with ...
TYSONS CORNER, VA, Aug. 30, 2016 ” A Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture is working to develop a reusable second rocket stage that will remain in low Earth orbit to support potential activities in space, ExecutiveBiz reported Monday. Quartz reported Saturday Tory Bruno, CEO of the JV called United Launch Allianc...
The U.S. Navy has awarded positions on a pair of indefinite-delivery/indefinite-quantity contracts worth up to $950.8 million combined over five years for sustainment work on the Littoral Combat Ships 1 variant class. BAE Systems‘ Southeast Shipyards Mayport division and General Dynamics‘ (NYSE: GD) NASSCO subsidiary can vie for task ord...
Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price sta...
Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s clos...
