The GovCon Index closed in negative territory for the third consecutive day this week with a loss of 2.271 percent to end up at 68.195. Engility Holdings (NYSE: EGL) and Navistar (NYSE: NAV) were the only Index companies to see their stock prices rise Wednesday. U.S. stock markets largely went into selloff mode after the Commerce Department said durable …
Read More »Huntington Ingalls Reports 2% Revenue Jump for FY 2014; Mike Petters Comments
Huntington Ingalls Industries (NYSE: HII) has announced financial results for the fourth quarter and full 2015 fiscal year ended Dec. 31, 2014. The shipbuilding giant said its revenue grew 2 percent to $6.96 billion from 2013 figures, profit rose to $338 million over the prior year and the operating margin …
Read More »February 3 Market Close: GovCon Index Rebounds 1.5% to Set Record
The GovCon Index rose for a second consecutive day to record a gain of 1.16 points — or 1.572 percent — to close at 72.661 on Tuesday and set a new all-time high. Energy shares continued a four-day streak of increases in conjunction with an increase in crude oil prices in New York and U.S. …
Read More »January 6 Market Close: GovCon Index Fall Continues as Factory Report Shows November Downturn
The GovCon Index lost ground Tuesday for a third consecutive trading day as it fell 0.557 points — or 0.814 percent — to close at 69.062. Northrop Grumman (NYSE: NOC), Computer Sciences Corp. (NYSE: CSC) and General Dynamics (NYSE: GD) were the only companies on the index to record gains. Losses in the energy …
Read More »January 5 Market Close: GovCon Index Slides as Oil Sinks to $50 Per Barrel
The GovCon Index started the full week of trading for 2015 with a decline of 1.010 points — or 1.472 percent — to close at 69.620. U.S. energy stocks suffered some of the market’s biggest losses as the price of crude oil closed at $50.04 per barrel to reach the …
Read More »December 10 Market Close: GovCon Index Tumbles, SAIC Jumps for 2nd Straight Day
The GovCon Index tumbled 2.055 percent — or 1.394 points — to close at 69.214 on a Wednesday that saw only two out of 30 companies on the index show gains: Science Applications International Corp. (NYSE: SAI) and Serco Inc. SAIC’s stock price increased for a second consecutive day after the company said its third-quarter revenue increased 2 …
Read More »Sudhakar Kesavan: ICF Books $618M in Contracts for 3Q 2014
ICF International (NASDAQ: ICFI) has announced financial results for the third quarter of its 2014 fiscal year ended Sept. 30, 2014. The company recorded an 8.5-percent increase in revenue to $264.8 million from the prior year quarter and a 9.5-percent uptick in profit to $12.3 million, a figure ICF says is exclusive …
Read More »Lockheed Acquires Energy Storage, Conversion Tech Maker Sun Catalytix
Lockheed Martin (NYSE: LMT) has acquired Cambridge, Massachusetts-based energy storage and conversion technology maker Sun Catalytix Corp. for an undisclosed sum. Sun Catalytix will operate as a subsidiary within Lockheed’s missiles and fire control business area and will do business under the name Lockheed Martin Advanced Energy Storage LLC, Lockheed said Monday. Twenty-five …
Read More »CH2M HILL Closes Buy of TERA Environmental Consultants; Chris Shea, Piers Fothergill Comment
CH2M HILL has completed its acquisition of TERA Environmental Consultants in a move to grow environmental service offerings across Canada. TERA provides environmental consulting services to pipeline, power line and oil and gas customers in that country, CH2M HILL said Monday. Chris Shea, president of CH2M HILL’s environment and nuclear …
Read More »Peyton Baker Named Babcock & Wilcox President, COO; James Ferland Comments
Peyton “Sandy” Baker has been appointed president and chief operating officer at Babcock & Wilcox Co. (NYSE: BWC) as the company has realigned its government market operations. Baker will lead the Charlotte, N.C.-based company’s nuclear operations and technical services groups, as well as its nuclear fuel services subsidiary, Babcock & Wilcox …
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