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Tag Archives: jobs

General Dynamics Eyes $850M Investment for Submarine Builder Expansion in Connecticut

TYSONS CORNER, VA, May 3, 2018 — General Dynamics (NYSE: GD) is anticipated to invest an estimated $850 million to establish a new facility and expand operations in Connecticut in support of its General Dynamics Electric Boat subsidiary, ExecutiveBiz reported Wednesday. The Connecticut Post reported Tuesday the company is set to receive $83 …

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Lockheed Martin Unveils New Florida Facility for F-35 Parts Production

TYSONS CORNER, VA, May 2, 2018 — Lockheed Martin (NYSE: LMT) has unveiled a new facility in Pinellas Park, Florida, that will house production of canopies and bulkheads for F-35 fighter aircraft, ExecutiveBiz reported Tuesday. The company said Monday the facility adds 65,500 square feet of manufacturing and office space …

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Unemployment Levels Near 5-Month Low

The number of Americans filing for unemployment benefits fell to their lowest level in nearly five months last week to a seasonally adjusted 233,000. This level was lower than anticipated, as economists had predicted claims falling to 245,000. Last month 222,000 jobs were created, swelling payrolls to their second biggest …

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138,000 Jobs Added in May; Unemployment Dips Slightly to 4.3 Percent

The U.S. economy added 138,000 jobs in May, according to the monthly jobs report released by the Bureau of Labor Statistics Friday morning. The national unemployment rate dipped to a 16 year low, from 4.4 percent to 4.3 percent. The 4.4 percent last month was already the lowest it had …

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Lockheed Martin Opens IT Service Center in Puerto Rico

TYSONS CORNER, VA, Oct. 14, 2016 — Lockheed Martin (NYSE: LMT) has unveiled a fifth global information technology service center in Puerto Rico in efforts to meet demand for IT support to the company’s approximately 98, 000 employees around the world, ExecutiveBiz reported Thursday. News is my Business reported Wednesday the Aguadilla facility currently has 98 personnel and is …

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October 7 Market Close: GovCon Index Plunges 1%, Falls Below 80 on Honeywell Earnings Guidance Miss

Executive Mosaic’s GovCon Index registered its second loss of at least 1 percent in six sessions Friday to register its second consecutive weekly decline on Honeywell International‘s (NYSE: HON) largest one-day plunge in 15 months on an earnings guidance miss and other falls by mid-tier contractors. Friday’s sharp decline puts the GCI at …

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October 6 Market Close: GovCon Index Goes Green Against Muted US Markets, Booz Allen Rallies & Gets Analysts’ Backing

Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. Thursday’s gain puts the GCI on pace for a weekly gain with Friday’s …

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August 8 Market Close: GovCon Index Dragged by Northrop & Other Defense Prime Losses

The GovCon Index stumbled Monday and failed to carry over momentum from Friday’s strong July jobs report as declines by major defense primes weighed on the GCI and losses by healthcare shares dragged down U.S. stocks. GovCon Index laggers outnumbered gainers by a 2-to-1 ratio and four of its 11 S&P 500-listed stocks posted gains with Northrop Grumman (NYSE: …

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August 5 Market Close: GovCon Index, S&P 500 Hit Record Closes on July Jobs Numbers

Executive Mosaic’s GovCon Index hit a new all-time high and had its best day in nearly two months Friday and the U.S. stock bellwether S&P 500 composite index also closed at a record after the latest jobs report far exceeded economists’ expectations for the second straight month. The GovCon Index rose 0.535 points to 82.835 …

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August 4 Market Close: GovCon Index Posts Slight Loss, US Markets Eye Jobs Data

Executive Mosaic’s GovCon Index held lower Thursday against narrow movement by U.S. stocks as investors looked ahead to the July jobs report for release Friday before the opening bell. The GovCon Index declined 0.176 points to 82.300 and three of its 11 S&P 500-listed stocks closed in positive with Boeing (NYSE: BA) and McKesson Corp. (NYSE: …

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