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Tag Archives: Boeing

August 2 Market Close: GovCon Index Down on Boeing & Services Stock Losses, Harris Jumps 2% on Jana Partners Board Pact

Executive Mosaic’s GovCon Index traded downward Tuesday on sharp declines in Boeing (NYSE: BA) and major services-oriented contractors while Harris Corp. (NYSE: HRS) soared 2.71 percent on news of its board of directors membership agreement with activist hedge fund Jana Partners. The GovCon Index declined 0.316 points to 82.184 and five of the GCI’s 11 S&P 500-listed stocks …

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DLA Orders $984M in Boeing F/A-18 Spares for US Navy

Boeing (NYSE: BA) has received three delivery orders worth a combined $984.3 million to provide spare parts for the U.S. Navy‘s fleet of F/A-18 Super Hornet multirole fighter planes. The orders were awarded by the Defense Logistics Agency‘s aviation unit under a potential 10-year, sole-source acquisition contract with Boeing, the Defense …

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Boeing Receives $255M Navy Order for Aircraft Flight Control Surface Repair Services

Boeing (NYSE: BA) has been awarded a $254.5 million delivery order from the U.S. Navy to repair the flight control surfaces of the military branch’s Super Hornet and Growler planes. Boeing will perform repair work on the F/A-18 E/F multirole fighter aircraft and EA-18G  electronic warfare aircraft in Jacksonville, Florida, through December 2019, the Defense Department said …

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August 1 Morning Report: GovCon Index Posts Friday Decline, Ends July With 5.58% Gain

Executive Mosaic’s GovCon Index closed Friday down 0.065 points to 82.248 to post weekly and monthly gains of 0.460 points and 5.58 percent, respectively. The Index remained in neutral range following second-quarter earnings reports from government contractors such as Raytheon (NYSE: RTN), L-3 Communications (NYSE: LLL) and Leidos (NYSE: LDOS). Top GovCon Index Net Gainers Symbol Company …

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Weekly Roundup July 25 – July 29 2016: Defense Tech Makers Show Life in 2Q Earnings & more

July 25 – July 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A new earnings season continued to dominate investors’ attention spans this week and those with keen interests in the aerospace, defense and government contracting sectors were no exception. Eleven contractors …

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Boeing Receives $1B P-8I Maritime Surveillance Aircraft Order from India

Boeing (NYSE: BA) has received a $1 billion order for four additional P-8I maritime surveillance aircraft from India, USNI News reported Wednesday. Vivek Raghuvanshi writes India will use the aircraft to replace eight legacy Russian-built Tu-142 maritime aircraft, according to the report. The company built the P-8I as a derivative of …

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July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

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Bloomberg: USAF Expects Sept. Release of GAO’s ‘Declassified’ Bomber Contract Bid Protest Ruling Documents

The U.S. Air Force could finish a declassified copy of the Government Accountability Office‘s decision to uphold the military branch’s selection of Northrop Grumman (NYSE: NOC) over a Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) team for the Long Range Strike Bomber program around late September, Bloomberg reported Wednesday. Anthony Capaccio writes the Air Force will redact GAO’s findings in the …

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July 27 Market Close: GovCon Index Gets Lift on CGI, GD & Boeing Earnings Beats

Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as the latter stock market bellwether attempted a late charge into …

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Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates

Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

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