Tag Archives: financial report

Vectrus Says Army to Re-Open Bids for Kuwait Logistics Contract, Narrows Earnings Guidance With Revenue Outlook Lift

GovCon Index-listed Vectrus (NYSE: VEC) said Tuesday the U.S. Army will seek revised proposals for a recompeted logistics contract the company originally was not selected for in late September as the program’s current iteration represents the largest the contractor’s portfolio. Vectrus added it is also awaiting a Government Accountability Office decision on a …

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November 8 Market Close: GovCon Index, US Stocks Move Green on Election Day

Executive Mosaic’s GovCon Index traded higher in conjunction with advances by U.S. stocks Tuesday as citizens cast their votes and investors looked for clues on the election’s final result. GovCon Index advancers outnumbered decliners at a 2-to-1 ratio and seven of its 11 S&P 500 companies moved green with General Dynamics (NYSE: GD) …

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Orbital ATK Backs Govt Satellite Orders to Help Offset Weak Commercial Market Demand

Orbital ATK (NYSE: OA) said Tuesday the aerospace and defense contractor sees satellite orders from military and other government agencies as a counterbalance to continued soft demand from commercial customers. CEO David Thompson told investors the Dulles, Virginia-based company forecasts orders from the defense community, NASA and other science agencies to represent 75-80 …

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November 7 Market Close: GovCon Index Posts 2% Election Eve Rally as Markets Gain Vote Certainty

Executive Mosaic’s GovCon Index recorded its best one-day gain in seven weeks Monday with a 2-percent gain that mirrored across-the-board rallies by U.S. stocks as investors welcomed the FBI‘s weekend letter to reiterate the agency’s stance that Hillary Clinton’s email usage was not a crime. The U.S. stock bellwether S&P 500 composite index also barely …

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November 7 Morning Report: GovCon Index Enters Election Eve on 6-Week Losing Streak

Executive Mosaic’s GovCon Index enters the eve of the U.S. presidential election on a six-week streak of declines with Friday’s close at 78.088, up 0.024 points from Thursday. Both the GCI and U.S. stock market at-large have felt effects of election-related uncertainty among investors over the past month with frequent swings …

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November 4 Market Close: GovCon Index Stuck in Neutral, Posts 6th Straight Negative Week as Election Draws Closer

Executive Mosaic’s GovCon Index gave back most of its morning gains Friday to close in narrow range on mixed large-cap stock performances and register its sixth straight weekly decline. Friday afternoon trading activity saw the GCI reset itself with the larger U.S. financial market as investors watched for new election-related developments and gauged the …

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November 3 Market Close: GovCon Index Down 1% on Huntington Ingalls 3Q Miss, Leidos Jumps on Street Beat

Executive Mosaic’s GovCon Index tumbled Thursday after Huntington Ingalls Industries (NYSE: HII) reported a year-over-year decline in third quarter earnings with GCI-S&P 500 companies also notable laggers as U.S. stocks also fell on investor worries over election uncertainty. GovCon Index advancers edged decliners 16-14 and three of its 11 S&P 500 companies …

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Leidos Boosts Full-Year Guidance on 3Q Earnings Beat, Huntington Ingalls Misses Street’s Estimates

GovCon Index-listed companies Leidos Holdings (NYSE: LDOS) and Huntington Ingalls Industries (NYSE: HII) released third quarter financial results before markets opened Thursday with both contractors at different stages in major merger-and-acquisition activity. Leidos, the U.S.’ largest government services provider, raised full-year guidance for both earnings per share and revenue as third quarter EPS exceeded the …

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Orbital ATK Lowers Loss Expectations in Restatement on Army Ammo Contract

Orbital ATK (NYSE: ATK) has lowered its forecast of losses on a U.S. Army ammunition production contract to $350 million from the initial $450 million outlook as the aerospace and defense company carries out an accounting review. Dulles, Virginia-based Orbital ATK said in a Tuesday Securities and Exchange Commission filing the …

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ManTech Promotes Kevin Phillips & Judy Bjornaas, 3Q Financial Results Top Street Forecast

ManTech International (Nasdaq: MANT) said Thursday it has promoted Kevin Phillips to the role of president and chief operating officer after 11 years as chief financial officer, during which the company’s revenue has climbed roughly 58 percent to $1.55 billion as of 2015. Phillips will be responsible for general management …

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