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Tag Archives: Boeing

October 27 Market Close: GovCon Index Tumbles on Raytheon & L-3 Guidance Misses, Other Defense Primes Lag

Executive Mosaic’s GovCon Index posted its biggest percentage decline in four weeks Thursday after Raytheon (NYSE: RTN) and L-3 Communications (NYSE: RTN) posted guidance ranges below Wall Street analysts’ expectations with other large defense primes also the GCI’s largest drags. GovCon Index decliners outnumbered advancers at a 4-to-1 ratio and McKesson …

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Northrop CEO Details Cost Reduction Focus of Customers & Industry After GAO Bomber Contract Review Goes Public

Northrop Grumman (NYSE: NOC) CEO Wes Bush described to investors Wednesday the aerospace and defense contractor’s moves to focus on affordability and make corporate-level investments to take costs out of programs such as the B-21 bomber in response to slower-growing budgets. Budgets have not expanded at the same speed as global security …

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October 26 Market Close: GovCon Index Gets Northrop & Boeing Lift Against Mixed US Stock Trade

Executive Mosaic’s GovCon Index traded higher against mixed activity in U.S. stock markets Wednesday for a second consecutive session on large contributions from Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) after both aerospace-defense companies boosted their full-year outlooks. GovCon Index advancers edged laggers and nine of its S&P 500 companies gained as the latter U.S. stock bellwether …

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Boeing & Northrop Boost 2016 Outlooks as General Dynamics Posts 3Q Earnings Beat

Three of the world’s largest government contractors listed in both Executive Mosaic’s GovCon Index and the U.S. stock bellwether S&P 500 composite index released third quarter financial results before markets opened Wednesday. Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) all posted earnings per share figures …

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Bloomberg: GAO Issues Declassified Version of Air Force Bomber Contract Award Protest Decision

The Government Accountability Office has said that Northrop Grumman’s (NYSE: NOC) proposal for the U.S. Air Force’s Long Range Strike Bomber program held “significant structural advantages” over a bid by the team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), Bloomberg reported Wednesday. Anthony Capaccio and Julie Johnsson write GAO made …

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October 25 Market Close: GovCon Index Ends 2-Week Stay Below 80; Lockheed Posts Best Day in 7 Years on Upbeat Guidance

Executive Mosaic’s GovCon Index closed above 80 points Tuesday for the first time in two weeks despite declines in the larger U.S. stock market after Lockheed Martin (NYSE: LMT) posted its best one-day advance in seven years surged on upbeat financial outlooks for this year and 2017 to lead all GCI gainers. GovCon Index …

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Boeing Opens Training Facility for Poseidon Crew at NAS Whidbey Island

TYSONS CORNER, VA, Oct. 25, 2016 — Boeing (NYSE: BA) has unveiled a new training center for pilots and mission crew of the P-8A Poseidon maritime aircraft at Naval Air Station Whidbey Island in Washington, ExecutiveBiz reported Monday. The company said Friday the facility will work to prepare personnel for the delivery of the Poseidon …

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Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects

Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions …

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Boeing to Provide Navy More F/A-18 Spare Parts Under $197M Delivery Order

The Defense Logistics Agency has awarded Boeing (NYSE: BA) a $196.7 million delivery order to supply the U.S. Navy with additional F/A-18 Hornet spare parts. The Defense Department said Monday it expects Boeing to fulfill the order by Dec. 30, 2019 and the purchase will be financed with the Navy’s working capital funds …

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October 24 Market Close: GovCon Index Lifts on Defense Prime Gains, Rockwell Collins Tumbles on Flat Guidance

Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 …

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