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Tag Archives: China

December 19 Market Close: GovCon Index Higher on Lockheed & Prime Gains, US Stocks Up With Caution on Global Turmoil

Executive Mosaic’s GovCon Index traded higher on contributions from large defense prime contractors as U.S stocks pared back some gains from earlier in the session after the terror attack in a Berlin Christmas market and the assassination of Russia’s ambassador to Turkey. GovCon Index gainers outnumbered decliners by a 3-to-1 ratio and …

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NTT Data Conducts Big Data, Traffic Simulation Tech Study in China

TYSONS CORNER, VA, Nov. 29, 2016 — NTT Data (NYSE: NTT) and the Institute of Software – Chinese Academy of Sciences have tested the use of big data and traffic simulation technology to control traffic signals in efforts to mitigate traffic congestion in Guiyang, China, ExecutiveBiz reported Monday. The results indicated …

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October 13 Market Close: GovCon Index Cuts Losses in PM Trade, Cubic Weighs After 4Q Earnings Caution

Executive Mosaic’s GovCon Index pared much of its losses during afternoon trade Thursday but failed to close in green as Cubic Corp. (NYSE: CUB) tumbled after the company warned full-year earnings and revenue would fall below prior guidance on funding delays from the Defense Department. GovCon Index gainers slightly edged laggers after …

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Inmarsat Enters Partnership to Market Cockpit Comms Services in China

TYSONS CORNER, VA, Sept. 16, 2016 — Inmarsat will offer its Classic Aero and SwiftBroadband-Safety cockpit communication services to China through its partnership with Beijing Marine Communication & Navigation Company and Aviation Data Communication Corp., ExecutiveBiz reported Thursday. The companies will finalize their partnership by the end of the year as MCN and Inmarsat …

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CNN: Air Force to Spend $12B on F-15 Radar, EW System Updates

The U.S. Air Force plans to spend $12 billion on efforts to update its fleet of F-15 aircraft in order to keep the fighter jet in service through 2040 as well as maintain U.S. technological edge over Russia and China, CNN reported Friday. According to the story by Zachary Cohen, the military service told CNN the modernization program will cover 435 …

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Lockheed, Boeing Among Firms Tapped for Japan’s Potential $40B Fighter Jet Program

Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) are among the companies Japan has contacted to potentially participate in the country’s planned $40 billion fighter jet program, E&T Magazine reported Thursday. Jack Loughran writes Japan plans to release a tender for 100 fighter planes after a Tuesday deadline on a solicitation for expressions of …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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Weekly Roundup April 18 – April 22 2016: First Quarter Earnings Season Arrives & more

April 18 – April 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors. We …

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Honeywell Lifts Guidance After 1Q Earnings, Revenue Beat on Aerospace Repair & China Boost

Honeywell International (NYSE: HON) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported first quarter earnings and revenue above Wall Street’s expectations on higher aerospace repair and overhaul volume and growing automation and control systems sales in China. The Morris Plains, N.J.-based industrial conglomerate posted earnings of $1.53 …

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Deloitte: US Aerospace & Defense Exports Grew Almost 60% Over 5 Years

TYSONS CORNER, VA, April 15, 2016 — A report from Deloitte indicates that exports in the U.S. aerospace and defense sector increased by 58.9 percent over the past five years to reach $143.3 billion in 2015, ExecutiveBiz reported Thursday. The company said Wednesday the A&D industry in the U.S. exported the most …

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