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Tag Archives: General Dynamics

State Dept Clears Australia’s $1.3B Modified Gulfstream Aircraft Purchase Request

The State Department has approved Australia’s request to buy up to five units of modified Gulfstream G550 aircraft from the U.S. under a potential $1.3 billion foreign military sales agreement. Australia seeks to procure Gulfstream G550 planes that have been modified to integrate airborne intelligence, surveillance, reconnaissance and electronic warfare mission systems as well …

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General Dynamics Subsidiary Awarded $203M for Design Support on Navy Columbia-Class Submarines

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a $203.1 million contract modification to increase design support for the U.S. Navy‘s Columbia-class nuclear submarines. The service branch awarded the modification as part of the Navy and the U.K.’s joint Common Missile Compartment program, the Defense Department said Thursday. The Pentagon issued …

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June 19 Market Close: GovCon Index Closes Up as S&P500 and DJIA Reach New Highs

The Executive Mosaic GovCon Index closed up today 0.584 percent to 95.917, reversing its Friday almost 1.5 percent drop.  Advancers outpaced decliners 3 to 1. All three the of the major indices were up on the day as technology stocks rebounded from the previous two weeks of sluggish performance. WTI crude oil …

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June 19 Morning Report: Friday Close – GovCon Index Weekly Performance Down, Major Indices Close Up

At Friday’s close the Executive Mosaic GovCon Index closed down for the week 0.78 percent. On the week the major indices closed in the positive with mixed messages throughout the week about sub-par housing data, sluggish performance from the technology stocks, and Federal Reserve raising interest rates for the second time in …

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June 16 Market Close: GovCon Index Closes Down While Major Indices Close Mixed

The Executive Mosaic GovCon Index closed down today, with a mix of service and platform companies leading the pack. Many U.S. stocks slipped today and the dollar weakened with Treasury yields due to sub-par housing data. These two factors, combined with the general slump in consumer sentiment, add merit to experts’ argument …

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General Dynamics Awarded $250M to Modify, Sustain Army SIGINT Platform

General Dynamics‘ (NYSE: GD) missions systems business has secured a five-year, $250 million contract to modify, test and sustain a ground-based system the U.S. Army uses to obtain tactical signals intelligence. The Defense Department said Thursday the company will also provide training services for the Prophet system under the hybrid cost-plus-fixed-fee, firm-fixed-price contract. Prophet offers force …

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June 15 Market Close: GovCon Index Closes Up While Major Indices Close Down

The Executive Mosaic GovCon Index closed up for the seventh consecutive day with platform companies leading the pack. U.S. stocks slid for the fourth time in the past five days, with technology stocks continuing to plummet as selling activity resumed, begging the question of if tech will be under this pressure for …

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June 13 Market Close: GovCon Index and Major Indices All Close Up

The Executive Mosaic GovCon Index closed up for the fifth consecutive day with a mix of service providers and platform companies leading the pack. Technology stocks rebounded from a two-day slump, what Bloomberg called the worst slide of the year. During the course of the day, the Dow Jones Industrial Average hit …

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General Dynamics NASSCO Wins Potential $106M Navy Ship Dry-Docking Maintenance Contract

A General Dynamics (NYSE: GD) subsidiary has won a potential $106 million contract from the U.S. Navy to carry out the fiscal 2017 dry-docking phased maintenance availability of the USS Makin Island amphibious assault ship. The Defense Department said Tuesday that General Dynamics’ NASSCO business will perform ship maintenance, modernization and repair services …

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June 5 Morning Report: Friday Close – GovCon Index, Other Indices Post Positive Weekly Performance

The Executive Mosaic GovCon Index closed Friday up 0.727 or 0.759 on the week, reaching a new two-month high. The three major U.S. indices were up on the day. All three indices reached new record highs with strong weekly performances, with the S&P500 closed up 28.51 or 1.18 percent, the DJIA up …

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