Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one fo...
The U.S. Navy has awarded an Orbital ATK (NYSE: OA) business unit a $121.4 million contract modification to exercise an option to convert AGM-88B High-Speed Anti-Radiation Missiles into 145 Lot 5 full-rate production, anti-radiation guided missile all-up-rounds. Orbital ATK’s defense electronic systems unit will also provid...
The State Department has cleared a proposed $260 million foreign military sale of Raytheon-built (NYSE: RTN) Rolling Airframe Missiles and related equipment to Qatar. Qatar ordered 252 RIM-116C rolling airframe tactical missiles and two RIM 116C-2 rolling airframe telemetry missiles in efforts to protect its naval forces and oil and gas infrastructu...
April 18 – April 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government...
The GovCon Index staged a full reversal from an early morning dip into negative territory Tuesday to close at a gain of 0.482 points to 74.487 as energy shares helped spur U.S. markets into positive. Huntington Ingalls Industries (NYSE: HII) was the GCI’s top nominal gainer at $2.22 — or 1.6 percent — to $141.31 after...
TYSONS CORNER, VA, April 8, 2016 ” The U.S. Air Force could spend an estimated $533 million on the construction of hangars and other facilities to accommodate the service branch’s fleet of Lockheed Martin-built (NYSE: LMT) F-35 jets at Eielson Air Force Base, Executive Gov reported Thursday. Newsminer reported Wednesday&nbs...
Mark Gerencser, the three-decade Booz Allen Hamilton (NYSE: BAH) veteran and six-term director there, has joined the board of directors at McLean, Virginia-based government and national security engineering services contractor Alion Science & Technology approximately seven months after its acquisition by private equity firm Veritas Capita...
Nick Khoubbieh, a three-decade information technology veteran, has joined Ultra Electronics 3eTI as vice president and general manager for integrated cyber and security solutions. Khoubbieh will oversee the company’s solutions consulting practice, which works to build applications that respond to cyber threats, 3eTI said Thursday. “...
The GovCon Index erased two days of losses with a gain of 1.183 percent to a one-month high close of 74.769 Wednesday as U.S. markets reacted to the Federal Reserve‘s April meeting minutes that showed some hesitance by policymakers over whether to raise interest rates in April. Healthcare stocks in the S&P 500 composite inde...
Boeing (NYSE: BA) has been awarded a $235.3 million contract modification by the Naval Air Systems Command to obtain long-lead materials needed for the U.S. Navy‘s P-8A maritime aircraft program. The modification covers parts, components and equipment that Boeing will need to produce and deliver 11 full-rate production Lot IV P-8As...
