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Tag Archives: featured

March 16 Market Close: GovCon Index Rises as Dollar, Oil Fall Ahead of Fed Meeting

The GovCon Index started the week off with a rise of 1.66 percent — or 1.166 points — to close at 69.061 on Monday. Investors will look to see if the Federal Open Market Committee will retain the word “patient” in its next statement scheduled for Wednesday after its two-day March meeting, CNBC reports. …

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CACI to Help US Army Sustain Fire Support, C4ISR Systems; Ken Asbury Comments

CACI International (NYSE: CACI) has received $86 million in task orders to sustain the U.S. Army’s fire support systems and command and control software support services. CACI said Monday the company will continue to provide software support and engineering services to the Army’s communications-electronics command software engineering center under the two-year orders. …

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Northrop to Produce Additional Navy GATOR Radars

Northrop Grumman (NYSE: NOC) has received a $113, 276, 299 contract modification to produce additional ground/air task-oriented radars for the U.S. Navy. The Navy has ordered two more G/ATOR systems under a previously awarded contract and this new order brings the total production covered under that contract for six systems, the Defense Department said Friday. …

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Boeing Gets $714M Army Contract Modification for CH-47 Helicopters

Boeing (NYSE: BA) will provide 26 remanufactured CH-47F and four new CH-47s helicopters to the U.S. Army under a $713, 896, 061 modification to a previously received contract. The Defense Department said Friday the deal includes the option for two more new CH-47s and obligated long-lead funding for production lot 14. Boeing will perform work …

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March 13 Market Close: GovCon Index Sinks, Dollar Rise Sends US Stocks Down

The GovCon Index mirrored widespread losses across U.S. markets Friday with a decline of 0.588 points to close at 67.895. Navistar (NYSE: NAV) and Orbital ATK (NYSE: OA) were the only Index companies to record gains for the day. Another strong day for the U.S. dollar against the euro could foreshadow future corporate …

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NASA Extends Dynetics’ IT Support for Marshall Space Center

Dynetics has been awarded a $59.3 million contract modification to continue supporting information technology systems at NASA‘s Marshall Space Flight Center through Jan. 31, 2016. The modification increases the value of a previously awarded contract to $393.5 million, Dynetics said Thursday. Work will include IT security, planning, architecture, management, help …

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Boeing to Help Air Force Build Turboprop Engine System

The U.S. Air Force has awarded Boeing (NYSE: BA) a potential $30 million contract to develop a turbo propulsion technology under the military service’s Versatile Affordable Advanced Turbine Engines III program. The Defense Department said Thursday USAF received 34 bids through a competitive procurement and is obligating $106, 502 at …

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David Thompson: Orbital ATK Board OKs $75M Share Buyback Plan

The board of directors of Orbital ATK (NYSE: OA) has authorized the repurchase of as much as $75 million of its common stock from shareholders through the end of the year. “I am very pleased that our board has adopted management’s recommendations for a balanced and sustainable plan to return capital to …

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March 12 Market Close: GovCon Index Climbs Back, Dollar Weakens

The GovCon Index re-entered positive territory Thursday with a gain of 1.129 percent to close at 68.484. A report that showed a decrease in retail sales in February and a decline in the dollar versus Euro drove investor speculation that the Federal Reserve could adjust its stance on when it could next …

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Gregory Hayes: UTC to Mull Sikorsky Aircraft Spinoff

United Technologies Corp. (NYSE: UTX) is eyeing a potential spinoff of UTC subsidiary Sikorsky Aircraft as part of a strategic review into the helicopter manufacturing business. “As part of the portfolio review announced last December, we are exploring strategic options for Sikorsky to determine the best way to enhance its …

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