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Tag Archives: BAE Systems

October 2nd Market Close: GovConIndex and Three Major Indices Set New Record Highs

The Executive Mosaic GovCon Index (GCI) continued its strong performance gaining 1.144 percent to set a new high of 108.47 with advancing shares outpacing declining 28 to 2. The markets started off the fourth quarter on a strong note with all three major indices reaching new record highs. The S&P500 was up 0.39 percent …

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Navy Awards BAE Potential $122M Contract to Supply Mk 38 Mod 3 Machine Guns, Spares

BAE Systems‘ land and armaments business will provide Mk 38 Mod 3 machine gun systems and associated spares to the U.S. Navy under a potential $121.5 million contract. The Defense Department said Friday the Naval Surface Warfare Center will obligate $32,787,486 at the time of award from fiscal 2015 and 2017 Navy …

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September 28th Market Close: GovConIndex Closes Down as S&P500 Sets New Record

The Executive Mosaic GovCon Index (GCI) closed down 0.186 percent to 106.906. Declining shares outpaced advancing 3 to 1. The major indices showed modest movement on the day as investors attempt to understand the implications of President Trump’s tax plan. The S&P500 increase was enough to set a new record closing up 0.12 percent to …

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BAE Unit to Produce, Sustain Air Force Bomber Armament Tester Under $64M Contract

BAE Systems‘ information and electronic systems integration unit has received a $64.5 million contract to design, develop, manufacture and sustain an armament tester system for the U.S. Air Force‘s bomber aircraft fleet. The Defense Department said Wednesday the contractor will support the engineering and manufacturing development of 90 Bomber Armament Testers the Air Force …

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September 27th Market Close: GovConIndex Reaches New High, as Major Indices Close Up

The Executive Mosaic GovCon Index (GCI) reached a new high closing up 0.805 percent to 107.295. Advancing shares outpaced declining 3 to 1. The major indices moved upward on speculation that President Trump’s tax-cut plan could become a reality by year end. The S&P500 closed up 0.41 percent to 2,507.04, while the DJIA also closed up 0.25 percent …

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BAE Plans Digital Shipyard in Pursuit of Australia’s SEA 5000 Future Frigate Contract

TYSONS CORNER, VA, Sept. 27, 2017 — BAE Systems aims to establish a digital shipyard in Australia to support the construction of nine anti-submarine warfare ships for the country’s navy as part of the company’s bid for the SEA 5000 Future Frigate contract, ExecutiveBiz reported Monday. The company said Thursday the potential facility in Adelaide will …

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September 26th Market Close: GovConIndex Closes Up While Major Indices Close Mixed

The Executive Mosaic GovCon Index (GCI) closed up 0.478 percent to 106.661. Advancing shares outpaced declining 3 to 1. The major indices barely changed on the day as Janet Yellen gave a caution to tightening monetary too gradually. The S&P500 closed at 2,496.84 up 0.01 percent, while the DJIA fell 0.05 percent to 22,284.32, and …

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September 21st Market Close: GovConIndex Closes Up as Major Indices Close Down

The Executive Mosaic GovCon Index (GCI) continued to move up in posting its fifth consecutive day of gains. The CGI closed at 105.814 up 0.377 percent with advancing shares outpacing declining 3 to 1. The S&P500 and DJIA ended their prolonged streak of gains to close in the negative today. The S&P500 …

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September 18th Market Close: GovConIndex Rises on News of Northrop’s Acquisition of Orbital ATK

The Executive Mosaic GovCon Index (GCI) increased significantly on the day reaching a new YTD high of 104.137 up 1.786 percent. Orbital ATK  and Northrop Grumman top the GCI with the news of Northrop Grumman’s intent to acquire the global aerospace and defense company. The three major indices all closed in the positive. …

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BAE Systems’ Mark Keeler Appointed Board Member at NVTC

TYSONS CORNER, VA, Sept. 18, 2017 — Mark Keeler, acting president of BAE Systems‘ intelligence and security sector, has been named to the board of directors of the Northern Virginia Technology Council, GovCon Executive reported Thursday. The council said Tuesday Keeler will join IntelliDyne CEO Tony Crescenzo, The Ambit Group CEO …

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