Tag Archives: CGI

March 4 Market Close: GovCon Index Dips as US Stocks Retreat

The GovCon Index closed down for the second consecutive day with a loss of 0.46 points to 69.272. All sectors of the S&P 500 ended the day in negative territory on a day that saw U.S. markets end the day with broad-based losses, the Wall Street Journal reported. Investors also considered economic …

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Toni Townes-Whitley Appointed Worldwide Public Sector VP at Microsoft

Toni Townes-Whitley, a former executive at CGI Group‘s (NYSE: GIB) U.S. federal market subsidiary, has been appointed vice president of the worldwide public sector at Microsoft (NASDAQ: MSFT), a Microsoft spokesperson has confirmed to GovCon Wire. At Microsoft, she will lead a team of 2, 000 employees that work with government, …

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February 10 Market Close: GovCon Index Closes Up, Orbital ATK and Huntington Ingalls Join

The GovCon Index gained 0.407 points to 68.524 Tuesday, a day that saw the close adjusted with the addition of two new government contracting firms to the Index. Tuesday marked the Index’s first day of tracking new members Orbital ATK (NYSE: OA), the company formed out of the merger of ATK’s aerospace and defense groups with Orbital Sciences, and …

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January 30 Market Close: GovCon Index Loses 2%, GDP Data Drags Stocks

The GovCon Index mirrored the declines of U.S. stocks Friday with a fall of 1.939 percent — or 1.346 points — to 70.735. Four out of 30 index companies recorded stock price increases: CGI Group (NYSE: GIB), L-3 Communications (NYSE: LLL), ManTech International (NASDAQ: MANT) and Serco Inc. A Commerce Department report …

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January 29 Market Close: GovCon Index Rallies 1%, Jobless Claims Dip

The GovCon Index recovered some ground from a three-day stretch of losses Thursday with a gain of 0.868 points — or 1.191% percent — to close at 72.081. Boeing (NYSE: BA) was the index’s largest gainer at 5.8 percent or a second straight day and Northrop Grumman‘s (NYSE: NOC) stock jumped 2.16 percent after the company said profit …

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January 28 Market Close: GovCon Index Retreats, Fed Holds to ‘Patient’ Interest Rate Line

The GovCon Index extended its current stretch of declines to a third straight day with a loss of 0.306 points — or 0.432 percent — to close at 71.223 on Wednesday. Boeing (NYSE: BA) recorded the largest gain of any index member — a nearly 5-percent increase — after the company said revenue for its 2014 …

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January 20 Morning Report: GovCon Index Scores Gain on Friday’s Close

The GovCon Index ended a week of trading with an increase of 0.711 points (0.990%) to close at 71.121 on Friday. The Dow Jones Industrial Average reported a 1.10 percent gain to 17, 511.57, the Standard & Poor’s 500 rose 1.34 percent to 2, 019.42 and the NASDAQ composite index jumped 1.39 percent to 4, 634.38. Top Percentage Gainers   …

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January 16 Market Close: GovCon Index Ends Week With Increase, Oil Jumps 5%

The GovCon Index ended the trading week with a gain of 0.711 points — or 0.990 percent — to close at 71.121 on Friday. Energy stocks recovered ground as the price of crude oil increased 4.71 percent on the New York Mercantile Exchange to close at $48.43 and the ratio of gainers-to-laggers on the New York Stock …

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January 15 Market Close: GovCon Index Dips, Banking Sector Losses Drag US Stocks

The GovCon Index recorded a nominal loss of 0.267 points — or 0.381 percent — to close at 70.408 on Thursday. A 1.1-percent decline in the S&P financial sector and worries over how global economic weakness could affect U.S. corporate earnings drove U.S. stocks down, according to Reuters. The Dow Jones …

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Navy Adds CGI, DRS Units to Consolidated Shipboard Networks Contract

The U.S. Navy has awarded CGI (NYSE: GIB) and DRS Technologies business segments positions on an eight-year, $2.5 billion contract to provide production units of the Consolidated Afloat Networks and Enterprise Services system. The Defense Department said Thursday that CGI Federal and DRS Laurel Technologies can compete for task orders under the indefinite-delivery/indefinite-quantity contract alongside …

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