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Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with s...
Northrop Grumman‘s (NYSE: NOC) chief executive signaled to investors Wednesday that he would rather reposition its technology services segment to different focus areas rather than pursue a sale or spinoff of the division. Falls Church, Virginia-based Northrop created the technology services segment at the start of this year from a rea...
Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as th...
Executive Mosaic’s GovCon Index traded higher Tuesday against choppy trade in the larger U.S. stock market as defense-oriented investors prepare to examine a large batch of earnings reports from major sector players due Wednesday. The GovCon Index notched a gain of 0.473 points to 82.151 and eight of the GCI’s 11 S&P 5...
TYSONS CORNER, VA, July 22, 2016 Riverbed Technology has opened a new facility in India that will work to support its research and development work on application performance and cloud networking technology, ExecutiveBiz reported Thursday. The company said Wednesday Kartik Subbanna, its vice president of engineering in India, w...
Boeing (NYSE:BA) has secured a $100.4 million contract modification from the U.S. Navy to provide long-lead parts and support services for the production of four Lot 8 P-8A maritime patrol aircraft for Australia. The Defense Department said Tuesday the contract falls under a cooperative engagement agreement and work is ...
TYSONS CORNER, VA, July 19, 2016 Lockheed Martin‘s (NYSE: LMT) Systems Made Simple subsidiary has received recognition from the Association of Management Consulting Firms for the company’s support for the Department of Veterans Affairs‘ My HealtheVet sustainment program, GovCon Executive reported Thursday. Systems ...
July 11 – July 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson   One of the world’s two largest airplane manufacturers is mulling acquisitions in the defense services arena that would continue a trend among prime contractors toward capability-based dea...
Executive Mosaic’s GovCon Index held higher for a fifth straight session Thursday on contributions from aerospace stocks Boeing (NYSE: BA) and General Dynamics (NYSE: GD) as U.S. financial markets received a boost from gains in JPMorgan (NYSE: JPM) shares. The GovCon Index rose 0.072 points to a record 81.823 as the S&P 500 compo...