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Tag Archives: CSRA

May 26 Market Close: GovCon Index Down Slightly With Mixed Market Results

The GovCon Index closed down slightly 0.078 points to 78.195 with armored truck manufacturer Navistar International (NYSE: NAV) and CSRA (NYSE: CSRA) posting the largest percentage loses. CSRA conducted their fourth-quarter and full-year earnings call yesterday after the market close and posted mixed results,  as reported in GovCon Wire. U.S. stocks …

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Larry Prior: CSRA to Watch for ‘Strategic Opportunities’ From CSC-HPE Deal, Targets $16B in FY 2017 Bids

Government technology services contractor CSRA (NYSE: CSRA) will observe the merger of its former parent Computer Sciences Corp. (NYSE: CSC) with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment for any potential opportunities, CSRA CEO Larry Prior told investors Wednesday. Falls Church, Virginia-based CSRA entered the market in November 2015 …

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May 25 Market Close: GovCon Index Nudges Gain on Boeing, Navistar Lift

The GovCon Index nudged out a gain of 0.081 points to 78.273 Wednesday on contributions from Boeing (NYSE: BA) and armored truck manufacturer Navistar International (NYSE: NAV). Boeing surged 1.07 percent and Navistar rose 9.09 percent, while shipbuilder Huntington Ingalls Industries (NYSE: HII) rebounded by one-half percent a day after its stock was downgraded to “Sell” from “Hold” by …

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Mike Lawrie: CSC Has ‘All Options’ on Table for HPE’s US Public Sector Arm Post-Merger

Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie told investors Tuesday the company will consider an undefined range of options regarding Hewlett-Packard Enterprise‘s (NYSE: HPE)’s U.S. public sector business in conjunction with CSC’s merger into HPE’s enterprise services segment. Tysons, Virginia-based CSC is subject to a two-year non-compete agreement in the federal government field …

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May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

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May 18 Market Close: GovCon Index Nudges Gain on Booz Allen, McKesson Boosts

The GovCon Index hovered in neutral territory during the final two hours of trade Wednesday and closed at a gain of 0.220 points to 77.591 despite its descent from a strong early afternoon session. The GCI hit volatility in conjunction with the S&P 500 composite index shortly after 2 p.m. upon the release of the Federal …

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May 13 Market Close: GovCon Index Sinks 1%, Large Primes Fall on Lockheed Downgrade

The GovCon Index held lower throughout Friday trade in a reflection of dim sentiment in U.S. markets and closed down 1.052 percent to 77.038 with many of the GCI’s largest prime contractors as the biggest decliners after a nearly four-day stretch as the drivers of gains. Friday’s close puts the Index at a …

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CSRA Subsidiary to Connect Alabama Schools to the Internet Under $96M Deal

TYSONS CORNER, VA, May 5, 2016 — A subsidiary of CSRA (NYSE: CSRA) will provide network services to 550 academic institutions in Alabama under a $96 million recompete contract from the state’s supercomputing agency, ExecutiveBiz reported Wednesday. CSRA said Wednesday the Alabama Supercomputer Authority tapped CSC State and Local Solutions to set up …

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May 4 Market Close: GovCon Index Down as Job Estimates Weigh on US Markets

The GovCon Index slid for a second consecutive session Wednesday by 0.498 points to 75.867 as U.S. financial markets entered sell-off mode on new data that showed a slowdown in hiring for the month of April. Harris Corp. (NYSE: HRS) extended its stretch of declines into a second straight day after the communications …

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April 25 Market Close: GovCon Index, US Stocks Weighed By Oil Declines & Earnings Worries

The GovCon Index followed the larger market forces of oil declines and concerns over corporate earnings reports Monday with a decline of 0.401 points to 75.968 on the first day of April 2016’s last trading week. As covered in our Friday market close report, 11 GCI-listed companies will release their latest quarterly …

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