The GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase. Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Nort...
The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent to record its f...
June 6 – June 10 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Long lines at airport security checkpoints have dominated the headlines lately and the agency responsible for protecting these hubs unveiled a new effort this week that enlists private sector help to keep...
New York-based Drone USA has signed a letter of intent to buy an unidentified West Coast-based supplier of machine parts, spares and replacement tools to the defense and commercial sectors through a cash-and-stock transaction of an undisclosed sum. Drone USA CEO Michael Bannon said Thursday he expects the transaction to help bolster the company̵...
Global aerospace and defense contractor Airbus Group will sell its 23.6 percent stake in Dassault Aviation and use money from the stock sales for “general corporate purposes, “ the Wall Street Journal reported Thursday. Robert Wall writes Airbus aims to shed 9.05 percent of its total ownership in Dassau...
Paul Eremenko, CEO of Airbus Group™s A3 innovation center, will take over as chief technology officer of the aerospace and defense contractor on July 1. Airbus said Tuesday Eremenko will continue to lead A3 in San Jose, California, until the company finds a successor. Andy Anderson, acting Airbus CTO, will serve as deputy to Eremenko...
The U.S. Navy has awarded a potential $73 million contract to Arlington, Virginia-based defense and space company Falconwood to provide program management support to the naval enterprise networks office of the Program Executive Office – Enterprise Information Systems. The Defense Department said Thursday the Space and Naval Warfare System...
Precision Turbines has received a $45.8 million contract from the U.S. Navy to provide performance-based contractor logistics services for two UC-35C and 10 UC-35D aircraft to support the U.S. Marine Corps. The Defense Department said Thursday work will occur in Florida, Texas, Kansas, Louisiana, North Carolina, California, West ...
The GovCon Index attempted an afternoon reversal from its morning decline Thursday and closed at a nominal loss of 0.004 points to 80.493 as U.S. investors paused their recent stretch of optimism before the Federal Reserve‘s policy meeting next week and other key events to gauge the global economy. Thursday ends the Index’s str...
TYSONS CORNER, VA, June 9, 2016 ” Rick Ambrose, executive vice president of Lockheed Martin‘s (NYSE: LMT) space systems business, was featured in the Atlantic Council’s Captains of Industry Series event Wednesday, GovCon Executive reported Monday. The council said Ambrose’s portion in the discussion focuses on Lockheed...
