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Tag Archives: China

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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October 23 Market Close: GovCon Index Extends Climb, US Stocks Up on Earnings & China Rate Decision

The GovCon Index extended its current rally into a second day with a gain of 1.057 percent to 75.312 as investors continued to mull earnings reports from S&P 500 stocks, 11 of which are also listed in the Index. For the week, the Index recorded a gain of 6.32 percent on third quarter earnings reports above Wall Street …

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October 14 Market Close: GovCon Index Falls 1%, Wal-Mart Decline Sinks US Markets

The GovCon Index extended its declines to a second consecutive day Wednesday with a loss of 1.460 percent to 72.637. U.S. stocks fell sharply after initial gains in the day’s first 30 minutes of activity as investors reacted to Wal-Mart’s prediction that its profit would fall during the next fiscal year and …

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Weekly Roundup Sept 28 – Oct 2 2015: Frank Kendall’s Outlook on Defense Sector Consolidation & More

Weekly Roundup Sept 28 – Oct 2 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The military’s chief weapons buyer sought to throw cold water this week on the idea of consolidation among the U.S.’ largest prime contractors in a year that has …

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