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Tag Archives: cubic

25 Contractors Win Spots on $21B Air Force Training Systems IDIQ

The U.S. Air Force has awarded positions on a $20.9 billion multiple-award contract to 25 companies to support warfighter training systems at USAF operating locations globally. The Defense Department said Tuesday contractors will compete for individual orders to perform design, development, production, installation, analysis, integration, test and sustainment services under …

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August 6 Market Close: GovCon Index Declines, Media Selloff Sinks US Markets

The GovCon Index gave up nearly half of its gains from Wednesday’s trading session to record a loss of 0.309 points and close at 76.497 Thursday. Orbital ATK (NYSE: OA) led Index gainers at 6.92 percent to 76.82 after the company reported second quarter earnings and revenue that beat Wall Street expectations. Huntington Ingalls …

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August 5 Market Close: GovCon Index Climbs, US Stocks Neutral on Oil Losses & Tech Earnings Reports

The GovCon Index showed strong movement after three days of flat activity to record a gain of 0.672 points and close at 76.807. Leidos (NYSE: LDOS) closed up 8.80 percent to $44.01 after the Reston, Va.-based contractor reported second quarter earnings that beat Wall Street consensus estimates. U.S. stocks traded in …

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August 4 Market Close: GovCon Index Down, US Stocks Dip on Apple Losses

The GovCon Index mirrored slight downturns in U.S. markets during Tuesday’s trading session as it closed with a decline of 0.054 points to 73.135. Investors reacted to losses in Apple (Nasdaq: APPL) as the iPhone maker at one point traded 3.5 percent below its Monday closing price of 118.44, CNBC reported. Apple’s stock …

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Australian Defense Simulation and Training Centre Award Cubic $18 Million Contract

Cubic Global Defense announced Tuesday the award of a four-year, $18 million contract to assist the help the Australian Defense Simulation and Training Centre deliver simulation-based training programs. Cubic Defense Australia will provide the managed workforce solutions which will be distributed throughout Australia and shared with coalition partners in the Pacific. …

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July 14 Market Close: GovCon Index Extends Gain Streak to 4 Days

The GovCon Index closed in positive territory for the fourth consecutive trading session Tuesday with a gain of 0.470 points to end at 76.867. Semiconductor and biotechnology stocks drove gains in U.S. markets Thursday despite a report that said consumer purchases fell 0.3 percent in June after a 1-percent climb in May, according to Bloomberg. …

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Navy Vet David Buss to Lead Cubic Defense Business Strategy

David Buss, a retired U.S. Navy vice admiral and former commander of Naval Air Forces, has joined Cubic (NYSE: CUB) as vice president of business strategy for the company’s global defense unit. Cubic said Wednesday the 36-year Navy veteran will also serve as deputy to Bill Toti, Cubic’s global defense segment president, …

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May 18 Morning Report: GovCon Index Down on Friday’s Close

The GovCon Index closed slightly down Friday to 75.148 for a change of 0.078 percent. The Dow Jones Industrial Average rose 0.11 percent to 18, 272.56, the Standard & Poor’s 500 composite index gained 0.04 percent to 2, 122.02 and the NASDAQ composite index lost 0.05 percent to 5, 048.29. Top Percentage Gainers   Company   …

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May 15 Market Close: GovCon Index Down in a Mixed Market

The GovCon Index closed slightly down Friday to 75.148 off 0.079 percent. The S&P 500 Index reached a second day of record closing in spite of consumer confidence falling reported Bloomberg. US Markets closed mixed with minor changes from the day prior. The Dow Jones Industrial Average increased 0.11 percent to …

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Cubic Wins $1.7M Contract to Support AF Sustainment Center

TYSONS CORNER, VA May 15, 2015 — Executive Mosaic — ExecutiveBiz reported Thursday on Cubic (NYSE: CUB) being subcontracted to provide search and rescue communications technology for the U.S. Air Force Sustainment Center. Under the $1.7 million contract,  Support Systems Associates Inc. picked the company to lead the security component …

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