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Tag Archives: Boeing

December 28 Market Close: GovCon Index Falls, Primes Lead Losses

Executive Mosaic’s GovCon Index tumbled Wednesday on notable declines by large defense and government services primes as U.S. stocks also fell with every major sector in negative territory to damper hopes of a Dow Jones Industrial Average close above 20, 000 before the year’s end. Two out of 30 GovCon Index stocks …

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State Department Approves Sale of Boeing-Built Munition Tail Kits to Kuwait

TYSONS CORNER, VA, Dec. 28, 2016 — The State Department has approved the $37 million sale of 750 Boeing-built (NYSE: BA) Joint Direct Attack Munition tail kits and associated equipment to the government of Kuwait, ExecutiveBiz reported Tuesday. The Defense Security Cooperation Agency said Friday the foreign military sales contract will include …

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December 27 Market Close: GovCon Index Lifts to Start 2016’s Last Trading Week

Executive Mosaic’s GovCon Index traded higher Tuesday to start the final trading week of 2016 as GCI-S&P 500 company Lockheed Martin (NYSE: LMT) led gains in conjunction with positive performances by mid- and lower-tier primes and services contractors. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and eight of its 11 S&P 500 …

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Lockheed CEO Marillyn Hewson Offers Trump ‘Personal Commitment’ to Reduce F-35 Cost

Lockheed Martin (NYSE: LMT) CEO Marillyn Hewson has said she assured President-elect Donald Trump that the company will work to reduce the cost of the F-35 fighter aircraft, CNN reported Friday. Danielle Wiener-Bronner writes Hewson made the remarks in a Twitter post Friday a day after Trump asked Boeing (NYSE: BA) to quote …

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Boeing Receives $143M DLA Award for Aircraft Consumable Items for US, Foreign Clients

Boeing (NYSE: BA) has received a $143.4 million contract modification from the Defense Logistics Agency to supply consumable items for various aircraft in support of the U.S. Army, Navy, Air Force and foreign military sales customers. The Defense Department said Thursday the performance-based award is a modification to a previously awarded contract with …

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Boeing CEO Dennis Mullenburg: Company to Build Presidential Airplanes within a $4B Budget

TYSONS CORNER, VA, Dec. 23, 2016 — Dennis Mullenburg, Boeing (NYSE: BA) chairman, president and CEO, has stated that the company will work with the incoming administration in an effort to build two presidential airplanes within a $4 billion budget, ExecutiveBiz reported Thursday. The Hill newspaper reported Wednesday Mullenburg discussed …

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Trump Asks Boeing for Super Hornet Competing Price Following Comments on F-35 Cost

President-elect Donald Trump has asked Boeing (NYSE: BA) to quote a competing price for its F-18 Super Hornet fighter aircraft citing cost overruns in the Lockheed Martin-built (NYSE: LMT) F-35 jet, Bloomberg reported Thursday. Anthony Capaccio and Alex Wayne write Trump made the announcement in a Twitter post Thursday a day after he …

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Roundup of 2016: The Year in Deals, Industry Landscape Changes & more

Our Roundup of 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Calendar year 2016 in the government contracting sector seemed to constantly give us a changing landscape to evaluate and try to forecast the short- and long-term effects of each significant development. …

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State Dept OKs $1.75B Sale of P-8A Patrol Aircraft, Support to Norway

The State Department has approved Norway’s request to buy Boeing-built (NYSE: BA) P-8A patrol aircraft and associated support under a $1.75 billion foreign military sales agreement  with the U.S. government. Norway asked to purchase up to five P-8A aircraft with commercial engines, tactical open mission software, electro-optical and infrared MX-20HD, AN/AAQ-2(V)1 acoustic …

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December 21 Market Close: GovCon Index Pulls Back As The Dollar and Oil Slip

Executive Mosaic’s GovCon Index declined Wednesday in spite of the strong performance by Navistar International (NYSE: NAV). Navistar closed up 5.79 percent to $31.80 on trading volume of over 1.2 million shares. Navistar International (NYSE: NAV) ended first for GCI performers after company executives told investors in the fourth quarter earnings call the …

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