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Tag Archives: CSRA

December 10 Market Close: GovCon Index Snaps 3-Day Losing Streak

The GovCon Index snapped a three-day streak of declines Thursday with a gain of 0.319 points to 76.970 and the larger U.S. stock market also ended its four-day stretch of losses. U.S. investors also looked to build up their currency holdings as the dollar rose 0.7 percent to $1.09 versus the euro …

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December 9 Market Close: GovCon Index Swaps AM Gains for Sharp Loss as Investors Anticipate Rate Hike

The GovCon Index plummeted from a strong morning open to close at a steep decline of 1.346 percent to 76.570 that mirrored sharp losses for U.S. markets in the afternoon session. The Index approached a 1-percent gain mid-morning before its entry into negative territory that mirrored the U.S.’ three major stock …

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CSRA to Continue DHS Data Center Support Under $967M Contract; Catherine Kuenzel Comments

A CSRA (NYSE: CSRA) subsidiary has been awarded a potential $967 million contract to provide managed information technology services to a U.S. Department of Homeland Security-run data center. CSRA said Tuesday its CSC Government Solutions unit will support hardware, software, network and security infrastructure and applications as well as provide private cloud technology and project …

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L-3 Agrees on $550M Gov’t Services Segment Sale to CACI

New York City-based defense contractor L-3 Communications (NYSE: LLL) has agreed to sell its government services business segment to Arlington, Virginia-headquartered public sector services company CACI International (NYSE: CACI) for $550 million cash, the companies said Tuesday. The companies expect the transaction to close by March 2016 pending regulatory approvals and CACI said in investor slides …

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Weekly Roundup Nov 30 – Dec 4 2015: Lockheed Presses Pause on IT Biz Separation & More

Weekly Roundup Nov 30 – Dec 4 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The world’s largest aerospace and defense contractor’s message to investors and other GovCon industry observers this week on the future of its government services business can …

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December 2 Market Close: GovCon Index Treads Down, US Stocks Decline on Energy Losses

The GovCon Index held in negative territory after a brief spike in the first hour of trading Wednesday to end at a decline of 0.581 points to 78.157. Science Applications International Corp. (NYSE: SAIC) led Index gainers at 2.12 percent to $51.60 after the McLean, Virginia-based contractor reported third quarter earnings above …

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December 1 Market Close: GovCon Index Rallies as US Stocks Extend Gains

The GovCon Index recovered some ground from Monday’s decline and adjustment from the addition of CSRA (NYSE: CSRA) to end at a gain of 0.649 points to 78.713 on Tuesday. U.S. investors appeared to discount the latest Institute for Supply Management index figure that showed a decline to 48.6 in November from October’s 50.1 …

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November 30 Market Close: GovCon Index Down 2% on CSRA’s First NYSE Trading Day

The GovCon Index registered a decline of 2.234 percent — or 1.784 points — to 78.070 Monday as U.S. markets returned to full activity and new federal technology services contractor CSRA (NYSE: CSRA) started regular-way trading on the New York Stock Exchange. Falls Church, Virginia-based CSRA opened at $29.39 and ended …

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November 30 Morning Report: CSRA to Replace CSC in GovCon Index, S&P 500

Federal technology services contractor CSRA (NYSE: CSRA) will replace Computer Sciences Corp. (NYSE: CSC) in the GovCon Index effective Monday morning. The change comes after the completion of CSC’s spinoff of its North American public sector business and that unit’s merger with SRA International. CSRA is based in Falls Church, Virginia, and offers …

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Weekly Roundup Nov 2 – Nov 6 2015: The Numbers Behind Record-Breaking M&A Year, CSC’s US Govt Spinoff Moves Forward & More

Weekly Roundup Nov 2 – Nov 6 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson While government agencies continue to operate at the established levels and tightly control the dollars they have on hand, the stock market is jumping in anticipation …

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