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Tag Archives: leidos

Weekly Roundup August 1 – August 5 2016: Leidos Further Details Post-Merger Picture & more

August 1 – August 5 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government contracting’s M&A and financial aspects took center stage again this week and GovCon Wire hit on all the major events as Executive Mosaic’s home of market-moving news for the sector. …

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August 2 Market Close: GovCon Index Down on Boeing & Services Stock Losses, Harris Jumps 2% on Jana Partners Board Pact

Executive Mosaic’s GovCon Index traded downward Tuesday on sharp declines in Boeing (NYSE: BA) and major services-oriented contractors while Harris Corp. (NYSE: HRS) soared 2.71 percent on news of its board of directors membership agreement with activist hedge fund Jana Partners. The GovCon Index declined 0.316 points to 82.184 and five of the GCI’s 11 S&P 500-listed stocks …

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Leidos Views Doubled Scale in Lockheed IS&GS Merger as Buffer to Agency Spending Shifts

Leidos Holdings‘ (NYSE: LDOS) impending merger with the information systems and global solutions segment of Lockheed Martin (NYSE: LMT) seeks to both diversify customer mix and lower risk to potential spending downturns in fewer market areas for the future combined company, Leidos CEO Roger Krone told investors at the New York Stock Exchange Monday. Reston, Virginia-based Leidos expects 2017 …

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August 1 Morning Report: GovCon Index Posts Friday Decline, Ends July With 5.58% Gain

Executive Mosaic’s GovCon Index closed Friday down 0.065 points to 82.248 to post weekly and monthly gains of 0.460 points and 5.58 percent, respectively. The Index remained in neutral range following second-quarter earnings reports from government contractors such as Raytheon (NYSE: RTN), L-3 Communications (NYSE: LLL) and Leidos (NYSE: LDOS). Top GovCon Index Net Gainers Symbol Company …

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July 29 Market Close: GovCon Index Holds in Neutral, Ends July in Green

Executive Mosaic’s GovCon Index remained stuck in neutral range for a second consecutive session Friday as investors continued to gauge second quarter earnings reports from government contractors with additional statements due next week. The GovCon Index nudged down 0.065 points to 82.248, which puts the GCI at respective gains of 0.460 points for the …

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July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

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Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

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Northrop CEO Eyes Tech Services Segment Reposition Versus Sale or Spinoff

Northrop Grumman‘s (NYSE: NOC) chief executive signaled to investors Wednesday that he would rather reposition its technology services segment to different focus areas rather than pursue a sale or spinoff of the division. Falls Church, Virginia-based Northrop created the technology services segment at the start of this year from a realignment initiative originally …

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July 27 Market Close: GovCon Index Gets Lift on CGI, GD & Boeing Earnings Beats

Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as the latter stock market bellwether attempted a late charge into …

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AFCEA DC Names 2016-2017 Executive Board, Board Members

TYSONS CORNER, VA, July 27, 2016 — The Armed Forces Communications and Electronics Association’s Washington chapter has named new members to its executive board for 2016 to 2017 as well as additional members to the board of directors, GovCon Executive reported Friday. AFCEA said July 14 it appointed the following executives: Dean Economou, CenturyLink …

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