Tag Archives: cae

August 8 Market Close: GovCon Index Dragged by Northrop & Other Defense Prime Losses

The GovCon Index stumbled Monday and failed to carry over momentum from Friday’s strong July jobs report as declines by major defense primes weighed on the GCI and losses by healthcare shares dragged down U.S. stocks. GovCon Index laggers outnumbered gainers by a 2-to-1 ratio and four of its 11 S&P 500-listed stocks posted gains with Northrop Grumman (NYSE: …

Read More »

August 1 Market Close: GovCon Index Lifted on Engility, General Dynamics & Cubic Gains

Executive Mosaic’s GovCon Index traded higher Monday in mixed activity for U.S. stocks as Engility Holdings (NYSE: EGL) surged on a second quarter earnings beat with General Dynamics (NYSE: GD) and Cubic Corp. (NYSE: CUB) also as top performers. The GovCon Index added 0.252 points to 82.500 with four of the GCI’s 11 …

Read More »

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 …

Read More »

July 29 Market Close: GovCon Index Holds in Neutral, Ends July in Green

Executive Mosaic’s GovCon Index remained stuck in neutral range for a second consecutive session Friday as investors continued to gauge second quarter earnings reports from government contractors with additional statements due next week. The GovCon Index nudged down 0.065 points to 82.248, which puts the GCI at respective gains of 0.460 points for the …

Read More »

CAE, Draken to Seek Global Market Opportunities for Training Services; Gene Colabatistto Comments

TYSONS CORNER, VA, July 14, 2016 — CAE (NYSE: CAE) and Draken International have expanded their partnership to jointly pursue market opportunities for adversary and aggressor air training services outside Canada, ExecutiveBiz reported Monday. The companies will integrate live, virtual and constructive training to support air combat, threat simulation, joint terminal attack controller and …

Read More »

CAE Gets Lockheed, L-3 Contracts for Training Support to UK, Canada; Gene Colabatistto Comments

TYSONS CORNER, VA, July 11, 2016 — CAE (NYSE: CAE) will supply flight simulation equipment and provide training support to the U.K. and Canadian military under separate contracts from Lockheed Martin (NYSE: LMT) and a subsidiary of L-3 Communications (NYSE: LLL), ExecutiveBiz reported Thursday. Lockheed chose CAE to provide flight …

Read More »

July 8 Market Close: GovCon Index Breaks 80 on June Labor Data Beat, 5 Stocks Hit 52-Week Highs

Executive Mosaic’s GovCon Index broke the 80-point barrier Friday for the first time in a month as the S&P 500 composite index briefly traded above a new record close in afternoon activity after the June jobs report soared past economists’ expectations. The GovCon Index closed up 1.579 percent to 80.813 and …

Read More »

Lockheed Gets $504M Contract Extension on In-Service Support for Canada’s C-130J Fleet

Lockheed Martin (NYSE:LMT) has secured a five-year, $504.3 million contract extension for in-service support to the Canadian air force’s fleet of C-130J Super Hercules aircraft. The company said Thursday it will continue to lead performance-based logistics for the operations, sustainment and maintenance of the 17-unit CC-130J fleet in Canada. Lockheed collaborates with Canadian aerospace companies …

Read More »

July 7 Market Close: GovCon Index Down Ahead of June Payrolls Report as Energy Losses Weigh

Executive Mosaic’s GovCon Index turned downward in late morning trade Thursday then traded in slight negative territory during the afternoon session as investors looked ahead to the June labor report due for release before markets open Friday. The GovCon Index fell 0.263 points to 79.557 with Boeing (NYSE: BA) and CSRA (NYSE: CSRA) …

Read More »

UK Seeks Local Training Center for Reaper Pilots; CAE’s Gene Colabatistto Comments

TYSONS CORNER, VA, July 6, 2016 — The U.K. government looks to stand up a local training center for remotely piloted aircraft such as the General Atomics-built MQ-9 Reaper as the U.S. training facility at Holloman Air Force Base limits slots for foreign allies, ExecutiveBiz reported Friday. Flightglobal reported Thursday the U.S. Air Force has sought to prioritize …

Read More »