Lockheed Martin (NYSE: LMT) has received a potential $426 million contract from the U.S. Navy to build and field the Aegis Weapon System and the integrated Aegis Combat System on three of the military branch’s Arleigh Burke-class destroyer ships. The Defense Department said Friday that Lockheed will provide follow-on support services...
Executive Mosaic’s GovCon Index closed in the negative Friday with a 0.953-percent or 0.760-point drop to 78.957. The Index also recorded a weekly decline ahead of the Federal Reserve‘s two-day meeting on Sept. 20 and 21. All of GCI’s S&P 500 stocks posted losses in Friday’s session while four reg...
Executive Mosaic’s GovCon Index held negative Friday to end at a weekly decline as U.S. stock markets extended the current stretch of sharp swings between gains and losses as the Federal Reserve‘s next two-day meeting looms for Tuesday and Wednesday. Decliners outnumbered advancers 9-to-1 and all of the GovCon Index’s S&P ...
Executive Mosaic’s GovCon Index closed down slightly after significant market swings the past three days. Declining shares outpaced advancing 23 to 6. Market closed mixed with DJIA and S&P500 down and the NASDAQ tech stocks up on the day. Investor are still cautious ahead of next week’s Fed meeting and the potential of incr...
Executive Mosaic’s GovCon Index closed down sharply after Monday’s rally. The Index hit a new two month low to close at 79.605 off 1.39 percent on the day. Declining shares outpaced advancing 28 to 2. The markets responded to further uncertainty about an increase in U.S. interest rates, and a significant slide in oil prices due...
TYSONS CORNER, VA, Sept. 8, 2016 ” South Korea may purchase four Boeing-developed (NYSE: BA) P-8 Poseidon maritime surveillance aircraft as North Korea continues test firings of its submarine-launched ballistic missiles, ExecutiveBiz reported Wednesday. The country seeks an anti-submarine aircraft equippe...
Executive Mosaic’s GovCon Index started September with a slight decline Thursday to register its third straight loss as Vectrus (NYSE: VEC) plunged almost 20 percent on the loss of a contract for Middle East-based logistics services the company held since 2010. Colorado Springs-based Vectrus said pre-open the Army Prepositioned Stock...
Northrop Grumman (NYSE: NOC) has secured a potential four-year, $375.6 million contract to produce and deliver nine ground/air task-oriented radar low-rate initial production systems to the U.S. Navy. The Defense Department said Wednesday Northrop’s electronic systems business unit will perform contract work in Ma...
Lockheed Martin (NYSE: LMT) has received a two-year, $204.3 million contract modification from the Missile Defense Agency to continue to provide support services for baseline 5.1 of the Aegis Ballistic Missile Defense system under increment 2 development phase. The modification brings the total contract value to $2.4 billion and also cover...
Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losse...
