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Tag Archives: China

Weekly Roundup Jan 4 – Jan 8 2016: Slow Start for GovCon Stocks in 2016 & more

Jan. 4 – Jan. 8 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Any thoughts that the start of 2016 would be smooth sailing for U.S. government contracting stocks and financial markets have quickly been cast aside as volatility from 2015’s second …

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January 7 Market Close: GovCon Index, US Stocks Fall 2% as China Fears Grow

The GovCon Index continued to mirror deep losses in U.S. and global financial markets Thursday with a decline of 2.293 percent to 74.525 as investor fears over China’s economy and falling oil prices grew. Science Applications International Corp. (NYSE: SAIC) and Booz Allen Hamilton (NYSE: BAH) were the Index’s only …

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January 6 Market Close: GovCon Index Nosedives as Oil, China Weigh on US Markets

The GovCon Index suffered a reversal from the prior day’s gain Wednesday to close at a decline of 0.7 points — or 0.910 percent — to 76.185 as U.S. investors reacted to more oil price declines and showed continued concerns about China’s economy. The S&P 500 plunged 1.31 percent to …

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January 5 Market Close: GovCon Index Rides Afternoon Surge to 1% Gain in Volatile Trade

The GovCon Index bounced wildly in and out of positive territory Tuesday morning and sharply rose in the afternoon session to close at a gain of 1.259 percent to 76.801. The S&P 500 composite index turned negative in the early afternoon session from a volatile morning period then swung again …

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January 4 Market Close: GovCon Index Plunges as China Losses Trigger US Stock Selloff

The GovCon Index started 2016 with a steep decline of 1.712 percent to 75.764 Monday as U.S. stocks mirrored large losses in global financial markets over growth concerns. Armored truck maker Navistar International (NYSE: NAV) held against market forces with a gain of 8.94 percent to lead all GovCon Index gainers, and four …

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CAE Lands $72M in Int’l Pilot Training, Equipment Contracts

TYSONS CORNER, VA, December 23, 2015 — CAE (NYSE: CAE) will provide training services and equipment to five international commercial airlines under contracts worth $71.7 million combined, ExecutiveBiz reported Tuesday. The company said Monday it will provide cadet and pilot training to China, Japan and a European customer, as well as full-flight simulators …

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Report: India Plans $2B Purchase of 100 General Atomics Armed, Surveillance Drones

India plans to buy 100 General Atomics-built unmanned aerial vehicles worth $2 billion to support internal security and counterterrorism efforts and to help counter Chinese incursions into the country’s territory, PTI reported Tuesday. The news agency said industry sources have indicated India’s interest in both the armed Avenger drones and the …

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Microsoft, Partner Form JV for Windows 10 Licensing in China

TYSONS CORNER, VA, December 21, 2015 — Microsoft (Nasdaq: MSFT) has formed a joint venture with China Electronics Technology Group to license the Windows 10 operating system for Chinese government agencies and state-owned companies, ExecutiveBiz reported Friday. C&M Information Technologies will be based in Beijing and provide Windows 10 licensing and support services …

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Lockheed Says Sikorsky Buy to Close Friday After China Clears Deal, All Regulatory Approvals Complete

China’s commerce ministry has cleared Lockheed Martin‘s (NYSE: LMT) estimated $9 billion purchase of the helicopter manufacturer Sikorsky Aircraft to mark the final regulatory approval required for the deal. Lockheed announced the review’s completion Tuesday and said it expects the transaction to close Nov. 6. The company needed approval from eight …

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