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Tag Archives: General Dynamics

General Dynamics Subsidiary Lands $400M Contract to Help Navy Repair Nuclear Subs, Training Ships

The U.S. Navy has awarded a five-year, $400 million contract to a General Dynamics (NYSE: GD) subsidiary to repair in-service nuclear-powered submarines, special mission submersibles, moored training ships and submarine support installations. General Dynamics Electric Boat will provide maintenance, overhaul, modernization,   technical engineering and nuclear-related touch labor support services under the …

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September 16 Market Close: GovCon Index Down, Ends Week at Loss Ahead of Fed Rate Summit

Executive Mosaic’s GovCon Index held negative Friday to end at a weekly decline as U.S. stock markets extended the current stretch of sharp swings between gains and losses as the Federal Reserve‘s next two-day meeting looms for Tuesday and Wednesday. Decliners outnumbered advancers 9-to-1 and all of the GovCon Index’s S&P …

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September 15 Market Close: GovCon Index Surges to Extend Volatility, Primes Lead Gains

The GovCon Index rallied Thursday to extend its current stretch of volatility into a fifth straight session as large primes and S&P 500-listed contractors led advancers in conjunction with gains in the larger U.S. stock market on economic data traders view as a factor against a September interest rate hike. The GovCon Index …

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Former Parsons Exec Phillip Lacombe Joins STG Group as President, COO

Phillip Lacombe, former head of the commercial cybersecurity and secure mission solutions businesses at Parsons, has been named president and chief operating officer at Reston, Virginia-based government services contractor STG. STG said Sept. 6 he will lead the company’s efforts to identify new business opportunities and develop new platforms for clients in the defense and national security technology sectors. …

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General Dynamics, Oceaneering to Continue Support for Navy Submarine Safety Program

The U.S. Navy has awarded contract modifications worth $86.6 million combined to General Dynamics‘ (NYSE: GD) Electric Boat subsidiary and Oceaneering International (NYSE: OII) to support safety efforts and material work on the military branch’s submarines. The Defense Department said Friday the contract covers support for Seawolf-class,  Los Angeles-class, Ohio-class and Virginia-class submarines as well …

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September 8 Market Close: GovCon Index Closes Down Slightly, But Strong Performance From SAIC

Executive Mosaic’s GovCon Index closed down slightly for the second straight day. GovCon stocks split evening with 1/2 advancing and 1/2 declining. The biggest gainer in the GovCon sector was SAIC closing at $69.95, up $3.95 or 6.01%. SAIC released strong quarterly earning of $0.85 per share, beating the Wall Street …

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September 7 Market Close: GovCon Index Closes Down with Modest Trading

Executive Mosaic’s GovCon Index closed down with mix results across trading markets. Crude oil climbed to a one week high in hopes the oil producing countries can reach an agreement to limit production. The government contracting community showed little movement with prices trading in a very tight band. Market Summary Index …

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September 6 Morning Report: GovCon Index Snaps Losing Streak to Register Weekly Gain

Executive Mosaic’s GovCon Index posted a gain of 0.508 percent or 0.412 points Friday to close at 81.565 and end a three-day losing streak as investors bet against the possibility of an interest rate hike in September. The Index also registered a weekly gain with S&P 500-listed Northrop Grumman (NYSE: NOC) as the top advancer and …

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September 2 Market Close: GovCon Index Rides Post-Jobs Report Surge, Notches Weekly Gain

Executive Mosaic’s GovCon Index ended its three-day losing streak Friday after August’s jobs report missed economists expectations to register a weekly gain and investors bet against the possibility of a September interest rate hike. GovCon Index gainers outnumbered laggers by a roughly 9-to-1 ratio and S&P 500-listed Northrop Grumman (NYSE: NOC) was the top …

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Navy Selects 4 Firms for $951M LCS Fleet Sustainment Support IDIQs

The U.S. Navy has awarded positions on a pair of indefinite-delivery/indefinite-quantity contracts worth up to $950.8 million combined over five years for sustainment work on the Littoral Combat Ships 1 variant class. BAE Systems‘ Southeast Shipyards Mayport division and General Dynamics‘ (NYSE: GD) NASSCO subsidiary can vie for task orders …

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