Tag Archives: China

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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March 31 Market Close: GovCon Index Narrowly Down to Notch 1Q Loss as Earnings Season Awaits

The GovCon Index had its three-day streak of gains halted Thursday with a slight decline of 0.302 points to 74.032 that ends the first quarter of 2016 in the negative as many GCI contractors prepare to detail their January-March financial results. From Dec. 31, the Index has fallen 2.242 percent on volatility in GCI stocks for …

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Weekly Roundup Mar. 21 – Mar. 24 2016: NIST-Backed Cyber Council Adds New Private Sector Leader & more

Mar. 21 – Mar. 24 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A White House-mandated cybersecurity organization created to combine knowledge and experience from the public and private sectors added a new leader this week whose background includes stops on both sides. …

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March 8 Market Close: GovCon Index Falls as ICF & Navistar Earnings Misses Weigh

The GovCon Index held lower throughout the trading session Tuesday and closed at a decline of 1.071 percent to 72.599 on earnings misses from two GCI stocks and investor reaction to oil price declines and new trade data out of China. ICF International (Nasdaq: ICFI) dropped 8.37 percent a day after the consulting …

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February 29 Market Close: GovCon Index Posts Decline, Ends at Modest Gain for Month

The GovCon Index fell into a decline over the final two hours of trade Monday to end the full session at a loss of 0.351 points to 72.136 but still end February at a gain for the month. The Index rose 0.329 points in February as investors continued to welcome additional earnings reports from …

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