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Tag Archives: L3 Technologies

May 1 Market Close: GovCon Index Up as Markets Close Mixed

The Executive Mosaic GovCon Index closed down 0.274 points, 0,296 percent to 92.372 with advancers and decliners evenly split. The major market were mixed on the day with the DJIA down and the S&P500 and the NASDAQ up. The NASDAQ reached another record high at 6,091.60. At market close WTI fell to …

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State Dept Clears US’ $1B P-8A Aircraft, Associated Support Deal With New Zealand

The State Department has approved New Zealand’s request to purchase four P-8A patrol aircraft and associated support under a potential $1.5 billion foreign military sales agreement with the U.S. government. New Zealand requested commercial engines, Tactical Open Mission Software, electro-optical and infrared MX-20HD, AN/AAQ-2(V)1 acoustic system, AN/APY-10 radar, ALQ-240 electronic support measures and …

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April 27 Market Close: Little Change in GovCon Index, S&P500, DJIA; NASDAQ Closes Record High

The Executive Mosaic GovCon Index closed up slightly 0.252 percent to 93.319 with advancers and decliners evenly split. In the major market the S&P500 and DJIA were up modestly 0.06 percent and 0.03 percent respectively. The NASDAQ at a record high of 6,048.94. At market close WTI fell by $0.65 to $48.97 …

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April 26 Market Close: GovCon Index Up Slightly as Markets React to Proposed Tax Plan

The Executive Mosaic GovCon Index moved opposite to market direction and closed up slightly to 93.084 or 0.290 percent. Advancers outpaced decliners 2 to 1. U.S. markets reversed their significantly positive movement from the past two days to close slightly down. Investors reacted cautiously to President Trump’s new tax plan due to …

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L3 Business Unit Wins $202M Contract to Support Marine Corps, Navy C-12s

An L3 Technologies (NYSE: LLL) business unit has won a potential $202.2 million contract to provide depot-level maintenance, logistics and sustaining engineering services for C-12 utility lift aircraft of the U.S. Navy and Marine Corps. The Defense Department said Wednesday L3’s Vertex Aerospace business will perform site support, aircraft and engine depot …

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April 11 Market Close:GovCon Index Up With Major Indices Slightly Down

The Executive Mosaic GovCon Index closed up for the fifth consecutive day to 91.308 positive 0.507 percent. The GovCon Index advancing companies outpaced decliners 4 to 1. The major markets showed slight negative movement as investors still remain cautious of geopolitical issues in Asian and the Middle East. WTI continued it’s six …

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GovConWire Weekly Roundup: M&A, Executive Moves and More

Weekly Roundup April 3 – April 7 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week the GovCon industry witnessed several large-scale mergers and acquisitions, as well as a number of executive moves in both the public and private sectors. Computer Sciences …

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Belcan Agrees to Buy Schafer, Taps Lee Shabe to Lead Newly Formed Govt Services Segment

Belcan, a portfolio company of private investment firm AE Industrial Partners, has agreed to buy Schafer Corp. from Metalmark Capital Partners for an undisclosed amount in a move to expand its technical and engineering service offerings. Both companies expect to complete the transaction in the second quarter of 2017, Belcan said Thursday. Belcan CEO …

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Michael Strianese: L3 Eyes Tactical UUV Market With OceanServer Buy

L3 Technologies (NYSE: LLL) has bought autonomous unmanned undersea vehicle manufacturer OceanServer Technology for an undisclosed sum, a move that Chairman and CEO Michael Strianese said marks L3’s expansion push into the UUV market. Fall River, Massachusetts-based OceanServer builds lightweight UUVs for military, commercial and international clients, L3 said Tuesday. The business was …

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March 28 3:00 PM Market Report: GovCon Index and Markets Reverse Direction

As of 3:00 PM (EST) the Executive Mosaic’s GovCon Index reversed its three day downward trend to post positive gain of 0.846 to 91.969. The major indices were all up on the day with the S&P500 at 2,361.81 up 20.04 points, the DJIA reaching 20,719.45 up 172.67 points, and the NASDAQ …

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