Tag Archives: featured

October 26 Morning Report: GovCon Index Rises as More Q3 Earnings Reports Loom

The GovCon Index closed Friday at a gain of 1.057 percent to 75.312 ahead of third-quarter earnings reports from more Index companies scheduled through the end of the week. Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon (NYSE: RTN) reported Q3 earnings above Wall Street estimates, helping the Index record a weekly gain …

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Centene, Health Net Shareholders Approve $6.3B Combination

Shareholders at healthcare services providers Centene (NYSE: CNC) and Health Net (NYSE: HNT) have separately approved the deal originally announced in July for Centene to purchase Health Net for $6.3 billion in cash and stock. Eighty-five percent of all outstanding shares in Centene voted in favor of the transaction and 78 percent of outstanding shares …

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Raytheon Awarded $160M for Navy Close-in Weapon Systems; Rick Nelson Comments

Raytheon (NYSE: RTN) has been awarded a $159.9 million contract to produce Phalanx close-in weapon systems for the U.S. Navy. The company will also build support equipment for the Phalanx and SeaRAM weapon systems, updated Block 1B radar and maintenance kits, Raytheon said Friday. “Phalanx provides the U.S. Navy’s ships with …

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Lisa Atherton Appointed Military Business EVP at Bell Helicopter

Lisa Atherton, formerly vice president for global military business development at Bell Helicopter, has been appointed executive VP of the Fort Worth, Texas-based rotocraft manufacturer’s military business. She succeeds Mitch Snyder, who elevated to president and CEO at Bell Helicopter, and will oversee the Textron (NYSE: TXT) subsidiary’s strategic programs and business development efforts …

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Reports: William LaPlante Says Air Force to Award Bomber Contract Soon

William LaPlante, assistant secretary of the U.S. Air Force for acquisition, has said the service will award the potential $80 billion contract for the Long Range Strike Bomber soon, Reuters reported Wednesday. Idrees Ali and Andrea Shalal write that LRSB will succeed the Air Force’s aging fleet of B-1, B-2 and B-52 …

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Lockheed Lands $176M Targeting Pod Production Contracts for USAF Fighter, Bomber Fleet

Lockheed Martin (NYSE: LMT) has won contracts worth $176.1 million combined to produce new targeting pods and related upgrade kits for the U.S. Air Force’s fleet of bomber aircraft and fighter jets. Lockheed said Thursday the new Sniper Advanced Targeting Pod-Sensor Enhancement platform has a two-way datalink tool, algorithms and updated sensors that …

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Navy Taps Northrop for Potential $91M Laser Demonstrator Program Contract

Northrop Grumman‘s (NYSE: NOC) space and mission systems business will provide support for the Solid State High Power Laser Weapon System Demonstrator program under a potential three-year, $91.1 million U.S. Navy contract. The Defense Department said Thursday the cost-plus-fixed-fee contract has a base value of $53.1 million and base period of performance through …

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General Dynamics Subsidiary Lands Navy Yard Services Contract Modification

A General Dynamics (NYSE: GD) subsidiary has received a $24.1 million contract modification to provide planning yard services for the U.S. Navy‘s fleet of nuclear submarines and moored training ships. The modification falls under a potential $121.2 million contract the Navy awarded to General Dynamics Electric Boat in November 2011, …

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Kevin Mickey Appointed Northrop Aerospace Advanced Design VP; Chris Hernandez Comments

Kevin Mickey, formerly president of Northrop Grumman (NYSE: NOC) subsidiary Scaled Composites, has been named vice president of advanced design in the company’s aerospace systems sector. Mickey will oversee the sector’s aircraft design activities in his new role that he will start Nov. 2, Northrop said Thursday. “He will be a great …

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October 22 Market Close: GovCon Index Snaps Out of Neutral, Posts 2% Gain

The GovCon Index snapped a four-day streak of nominal and negative trading activity Thursday with a gain of 1.949 percent to 74.524. Raytheon (NYSE: RTN) shares climbed 4.1 percent to $111.28 after the weapons maker posted third quarter earnings and sales figures above Wall Street forecasts and raised its full-year revenue …

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