The GovCon Index fell victim to across-the-board selloffs in global financial markets Thursday with a decline of 2.113 percent to 68.747, a figure that puts the Index at a decline of 11.34 percent from the start of the year. Still in a correction, Thursday’s plunge sent the GCI below 70 for the second time this...
TYSONS CORNER, VA, February 11, 2016 ” The Raytheon-built (NYSE: RTN) electronic and combat systems onboard the U.S. Navy‘s DDG 1000 Zumwalt-class destroyer have completed a week-long at-sea series of trials, ExecutiveBiz reported Wednesday. The company said Wednesday the Alpha Trials tested the capabilities of the Total Ship Co...
Steven Cummings, formerly vice president of business development and strategy at Chemring Group, has been named the company’s global business development and strategy VP. Cummings will oversee the company’s initiatives to develop growth strategies for all business segments, offset programs and research and development investments in coor...
The GovCon Index reversed a negative open of at least 1 percent as Tuesday’s trading day progressed but hit another dip in the final hour to end at a nominal gain of 0.044 points to 70.079. Gains in biotechnology and material shares helped U.S. stocks bounce back in Monday’s afternoon session but also ended at...
The GovCon Index closed Friday with a loss of 1.349 percent to 70.204 to go back to correction. The Index also posted a 2.15-percent weekly decline on continued U.S. market volatility and mixed earnings reports from some listed government services companies. Bloomberg reported that the U.S. dollar strengthened after a report from the ...
The GovCon Index tumbled back into a correction Friday at a decline of 1.349 percent to 70.204 as U.S. investors reacted to the latest jobs report with a view toward whether the Federal Reserve would raise interest rates again this year. For the week, the Index posted a decline of 2.15 percent driven by continued...
TYSONS CORNER, VA, February 3, 2016 ” CAE (NYSE: CAE) will provide full-flight simulators and aviation training services to several international customers under contracts worth an estimated $250 million combined, ExecutiveBiz reported Tuesday. The company said Monday it will supply nine simulators and other training equipment, delive...
TYSONS CORNER, VA, February 2, 2016 ” Lockheed Martin (NYSE: LMT) has christened and launched the U.S. Navy‘s 11th littoral combat ship at the Menominee River in Wisconsin, ExecutiveBiz reported Monday. The company said Saturday the Freedom-class USS Sioux City will undergo tests before it is delivered to the Navy...
TYSONS CORNER, VA, February 2, 2016 ” Boeing (NYSE: BA) has asked ViaSat (Nasdaq: VSAT) to provide 90 Link 16 small tactical terminals for its AH-64E Apache lots 5 and 6 production line, ExecutiveBiz reported Monday. ViaSat said Thursday the terminals will work to support network interoperability and combat communi...
The U.S. Air Force has awarded 15 companies positions on a potential nine-year, $975 million contract to provide logistics support and help U.S. and partner agencies carry out national security missions. The service branch received 16 proposals for the multiple-award, indefinite-delivery/indefinite-quantity contract, the Defense Department...
