Jim Chilton, vice president of strategic missiles and defense systems at Boeing (NYSE: BA), has been promoted to president of the aerospace and defense contractor’s network and space systems business in a move that takes effect Oct. 21. Boeing said Thursday the 32-year company veteran will succeed Craig Cooning, who ha...
Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in December. All of the GovCon...
Executive Mosaic’s GovCon Index closed in narrow range Tuesday after Cowen and Company downgraded the stock of military shipbuilder Huntington Ingalls Industries (NYSE: HII) and GCI decliners over gainers at roughly 2-to-1 ratio. Newport News, Virginia-based Huntington Ingalls ended as the GovCon Index’s worst net performe...
Lockheed Martin (NYSE: LMT) has been awarded an $87.6 million contract with the U.S. Air Force to produce additional Paveway II Plus laser guided bomb kits. The company said Monday it will supply guidance and tail assemblies for GBU-10 and GBU-12 LGB configurations under the follow-on contract. Joe Serra, director of precision guided ...
Executive Mosaic’s GovCon Index rose Monday in an attempt to close above the 80-point barrier for the first time since Sept. 12 on gains by large defense primes and services-oriented companies. The GCI’s positive movement contrasted activity in U.S. financial markets as stocks turned south in the final hour of trade a...
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...
