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Tag Archives: cubic

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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January 4 Morning Report: GovCon Index Ends 2015 Down on Oil Price Declines

The GovCon Index closed Wednesday with a loss of 0.621 points to 77.761 on oil price declines and remains above the 10-percent mark for a gain against declines in several sectors within the S&P 500 composite index on a year-to-date basis. Crude futures in New York settled down 3.06 percent to $36.71 a barrel, while brent crude …

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December 30 Market Close: GovCon Index Retreats, Traders Return to Oil Focus

The GovCon Index held in negative territory throughout Wednesday and closed at a loss of 0.621 points to 77.761 as U.S. markets continued to be weighed down by oil price declines in both of the commodity’s major benchmarks. On a year-to-date basis, the Index remains above the 10-percent mark for a gain against declines in …

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Cubic Buys GATR, TeraLogics to Expand C4ISR, Satcom Portfolios; Bradley Feldmann Comments

Cubic Corp. (NYSE: CUB) has acquired GATR Technologies for $232.5 million and TeraLogics for $39 million in a push to grow Cubic’s defense systems business and expand its command, communications, control, computers, intelligence, surveillance and reconnaissance offerings. Alabama-based GATR manufactures inflatable satellite communication and C4ISR terminals for deployment in remote environments, …

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December 7 Morning Report: GovCon Index Recovers Friday After DOL’s Jobs Report

The GovCon Index posted a gain of 1.645 percent to 78.284 Friday following the latest Labor Department jobs report to recover some losses incurred from Thursday’s plunge. The Index closed the week at a decline of 0.141 percent and achieved a climb of 3.085 percent over the previous month. Top GovCon Index Gainers Symbol Company $ Current …

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November 24 Market Close: GovCon Index Up on Cubic Earnings, Dow and S&P 500 Rally Late

The GovCon Index rebounded Tuesday with a gain of 0.133 points to 79.681 on earnings from defense and transportation contractor Cubic Corp. (NYSE: CUB) that exceeded analyst estimates for both its full 2015 fiscal year and fourth quarter. Shares in San Diego-based Cubic closed up 5.51 percent to $48.10 and peaked at …

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Cubic 4Q, FY 2015 Earnings Top Street Forecasts; Record Set for Yearly Sales

Cubic Corp. — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported respective earnings of $1.05 and $1.16 per share respectively for the fourth quarter and full 2015 fiscal year ended Sept. 30. Both quarterly and full-year figures for the San Diego-based defense and transportation electronics maker exceeded the consensus Wall …

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November 23 Market Close: GovCon Index 5-Day Gain Streak Snaps, Tech & Transport Losses Weigh on US Markets

The GovCon Index‘s five-day streak of gains ended Monday with a nominal loss of 0.102 points to 79.548 after its best week of a fourth quarter that has seen a strong rally from the three months prior to October. San Diego-based defense and transportation services contractor Cubic Corp. (NYSE: CUB) was …

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October 20 Market Close: GovCon Index Neutral as Lockheed, UTC Kick Off 3Q Defense Earnings Season

The GovCon Index continued to reflect a narrow range of trading activity across U.S. stock markets Tuesday with a nominal decline of 0.052 points to 73.241 as Lockheed Martin (NYSE: LMT) and United Technologies Corp. started the first full week of third quarter earnings season for many Index and other defense-GovCon companies. …

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