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Tag Archives: lll

October 21 Market Close: GovCon Index Down, Posts 4th Straight Weekly Loss

Executive Mosaic’s GovCon Index held lower Friday as large-cap primes fell to offset a jump by Honeywell International (NYSE: HON) on that company’s in-line third quarter earnings as the GCI ended at its fourth straight weekly loss. GovCon Index laggers outnumbered advancers 2-to-1 in Friday trade and Honeywell was the GCI’s lone S&P 500-listed stock of …

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October 20 Market Close: GovCon Index Shows Small Decline for 2nd Straight Day, Textron Jumps as HII & Primes Weigh

Executive Mosaic’s GovCon Index closed slightly down for a second consecutive session Thursday as notable gains by Textron (NYSE: TXT) after third quarter earnings and CACI International (NYSE: CACI) were offset by declines in Huntington Ingalls Industries (NYSE: HII) and other large prime contractors. GovCon Index laggers outnumbered advancers at a 3-to-1 ratio …

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Textron 3Q Earnings Miss, Revenue Up 2% on Biz Jet Deliveries

Textron (NYSE: TXT) reported third quarter earnings below Wall Street’s expectation Thursday on restructuring costs and lower commercial deliveries in its Bell Helicopter segment. GovCon Index-S&P 500 company Textron reported $0.61 earnings per share versus the $0.67 analyst consensus with third quarter EPS excluding a $0.76 benefit from settlements of Internal Revenue Service audits and the $0.27-after tax restructuring …

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October 14 Market Close: GovCon Index Flat on Even Gainer-Lagger Split, Posts 3rd Straight Weekly Loss

Executive Mosaic’s GovCon Index held flat Friday despite gains in the larger U.S. stock market on positive bank earnings reports and Federal Reserve Chair Janet Yellen’s comment that the country may be able to handle a “high pressure” economy with a tight labor market. Friday’s gain was not enough to lift the GovCon Index into positive over …

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October 12 Market Close: GovCon Index Rises on HII, Honeywell Bounces in Narrow US Trading Session

Executive Mosaic’s GovCon Index held higher Wednesday on gains by Huntington Ingalls Industries (NYSE: HII) and Honeywell International (NYSE: HON) as the U.S. stock bellwether S&P 500 index showed little change with the Federal Reserve‘s September meeting minutes the main focus of investor attention. GovCon Index gainers slightly outnumbered laggers and six of its 11 …

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L-3 to Buy Implant Sciences’ Explosive Trace Detection Assets for $117M

L-3 Communications (NYSE: LLL) has agreed to purchase the explosive trace detection business assets of Implant Sciences for $117.5 million cash in a push to expand the former’s portfolio of security and detection platforms. L-3 said Monday it will assume specified liabilities under the asset purchase agreement with Implant Sciences and will integrate …

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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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L-3 Seeks Pilot Training Business Growth Through Aerosim Buy

L-3 Communications (NYSE: LLL) has acquired pilot and aircraft maintenance technician training company Aerosim for an undisclosed sum in a push to complement L-3’s airline crew training, resourcing and simulation offerings. New York City-based L-3 said Tuesday it will integrate Aerosim into the defense technology contractor’s commercial training solutions division and change the newly acquired business’ name …

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L-3 Closes Purchase of RF, Electronic Warfare Business Micreo; Michael Strianese Comments

L-3 Communications (NYSE: LLL) has wrapped up its purchase of Australia-based radiofrequency and electronic warfare platforms provider Micreo for an undisclosed sum. The newly acquired company will operate as L-3 Micreo that is forecast to generate $27 million in annual sales for the year ending Dec. 31, 2017 and will report to …

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September 29 Market Close: GovCon Index Slips Into Deep Red, Positioned for 2nd Straight Monthly Loss

Executive Mosaic’s GovCon Index fell out of narrow range in afternoon trade Thursday to close down 1 percent and position itself for a second consecutive monthly loss with one day left in September as fears over the health of Deutsche Bank both dragged down banking shares and overshadowed U.S. financial markets. KBR (NYSE: …

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