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Tag Archives: cubic

Weekly Roundup Mar. 7 – Mar. 11 2016: GovCon Index, Defense Stocks Show Steady Recovery & more

Mar. 7 – Mar. 11 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The start of March has given investors everywhere a respite of calm so far after a January and February period of across-the-board, worldwide market volatility that carried over from the …

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Frank Wiercinski, Mike Kelly Appointed to Leadership Roles at Cubic’s Global Defense Segment

Frank Wiercinski, formerly a group vice president at Lockheed Martin (NYSE: LMT) and a retired U.S. Army lieutenant general, has joined Cubic (NYSE: CUB) as senior VP and managing director of its global defense segment’s operations in the Asia-Pacific region. He will manage the segment’s customer base in the APAC region and expansion strategy in the C4ISR and integrated …

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March 7 Market Close: GovCon Index Posts Decline, US Stocks Mixed on Tech Losses

The GovCon Index failed to hold onto positive momentum from a midday spike barely above the gain line Monday and ended at a decline of 0.573 points to 73.385 in a mixed day for U.S. financial markets. Declines among defense product and platform manufacturers in the Index lagged compared to …

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March 3 Market Close: GovCon Index Extends Climb Ahead of Jobs Report

The GovCon Index held steady in positive territory throughout the trading session Thursday to close at a gain of 0.487 points to 73.711 as U.S. markets anticipated Friday’s jobs report from the Labor Department. Investors also looked at data that showed weekly jobless claims at 278, 000 and factory orders climbed 1.6 percent in …

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Weekly Roundup Feb. 22 – Feb. 26 2016: GD’s Robotics Buy Keeps Tech M&A Wheels Turning & more

Feb. 22 – Feb. 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among the large players the government services market have been well-documented in spaces such as these but the product makers in GovCon also have been in on the M&A …

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February 23 Market Close: GovCon Index Falls, Oil Decline & Consumer Index Miss Weigh on US Stocks

The GovCon Index failed to carry over momentum from Monday’s sharp gain and posted a decline of 0.417 points to 71.815 Tuesday as U.S. stocks also suffered losses driven by another decline in oil prices and a new Consumer Confidence Index reading that fell below economists’ expectations. Intelsat (NYSE: I) posted a second …

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Cubic Lands Army Home-Station Training Contracts; Bill Toti Comments

Cubic has been awarded $44 million in contracts to provide tactical engagement simulation systems to the U.S. Army for use in training exercise scenarios. The company said Monday it will produce instrumentable-multiple integrated laser engagement system individual weapon systems for the Army’s program executive office for simulation, training and instrumentation. “We …

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February 18 Market Close: GovCon Index Inches Up, Holds in Correction as US Stocks Decline

The GovCon Index barely held positive territory in a narrow final hour of trade Thursday to record a nominal gain of 0.041 points to 71.389 Thursday and remain in a correction for the seventh consecutive day, or 10 percent down from its most recent high on Dec. 1. ManTech International (Nasdaq: …

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February 16 Market Close: GovCon Index Extends Rally With 1% Surge, US Stocks Up on Consumer & Bank Share Gains

The GovCon Index carried its positive momentum from Friday’s rally with a gain of 1.531 percent to 70.355 Tuesday — its first close above 70 in two days — on a bounce in confidence from investors that some equities may have been oversold. Gains among consumer, industrial and financial shares …

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February 10 Market Close: GovCon Index Narrowly Up, US Stocks Mixed on Oil Pressure & Yellen Remarks

The GovCon Index largely reversed its spike from morning trade Wednesday but held onto nominal gain/loss of 0.152 points to 70.231 in a choppy session for U.S. financial markets. The Index rose at least 0.75 percent in the first two hours of activity and mirrored gradual declines by U.S. stocks …

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