TYSONS CORNER, VA, Aug. 18, 2016 ” Raytheon (NYSE: RTN) and the U.S. Navy have completed the first live fire test on the SeaRAM anti-ship defense system aboard the USS Carney guided-missile destroyer, ExecutiveBiz reported Wednesday. The company said Wednesday the test held in Spain used a RAM Block II missile to i...
Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers wi...
Executive Mosaic’s GovCon Index dropped at least one full net point Tuesday for the first time since June 24 on a sharp drop in Lockheed Martin (NYSE: LMT) shares upon the defense contractor’s completion of the spinoff and subsequent merger of its government and technical services business into Leidos Holdin...
Executive Mosaic’s GovCon Index closed at another all-time high Monday with 28 out of 30 companies including all 11 S&P 500-listed stocks in green and middle- to large-tier defense contractors as the session’s top advancers. L-3 Communications (NYSE: LLL) led all net gainers after the military technology maker was sele...
Executive Mosaic’s GovCon Index staged a rally Thursday to barely miss a new record close as Orbital ATK (NYSE: OA) regained some ground from a record plunge in the previous session and Lockheed Martin (NYSE: LMT) rose to a new 52-week high in intraday trade. The Index closed 0.179 points shy of the current record close set...
Executive Mosaic’s GovCon Index rebounded Tuesday with gainers outnumbering laggers by a roughly 4-to-1 ratio against a largely choppy day for U.S. stocks as the general financial markets continue to struggle for direction. Ten of the GCI’s 11 S&P 500-listed stocks closed in green with McKesson Corp. (NYSE: MCK) the best ne...
The GovCon Index stumbled Monday and failed to carry over momentum from Friday’s strong July jobs report as declines by major defense primes weighed on the GCI and losses by healthcare shares dragged down U.S. stocks. GovCon Index laggers outnumbered gainers by a 2-to-1 ratio and four of its 11 S&P 500-li...
Adam Clater, chief cloud architect at Red Hat‘s (NYSE: RHT) North America public sector organization, has said federal information technology administrators should implement a strategy that seeks to automate application management, security and deployment in order to facilitate workload migration to the cloud. Clater wrote that federal agencie...
Executive Mosaic’s GovCon Index hit a new all-time high and had its best day in nearly two months Friday and the U.S. stock bellwether S&P 500 composite index also closed at a record after the latest jobs report far exceeded economists’ expectations for the second straight month. The GovCon Index rose 0.535 p...
The U.S. Navy has awarded Raytheon (NYSE: RTN) a $288 million contract modification to continue to provide conversion, system overhaul and upgrade services as well as related hardware for MK 15 Close-In Weapon Systems. The military branch exercised options on a previously awarded contract and obligated $64.6 million at the time of aw...
