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Tag Archives: noc

Andy Dougherty to Join Continental Mapping as President

Andy Dougherty, former deputy director of KEYW‘s (Nasdaq: KEYW) survey and exploration systems sector, has been named president of Sun Prairie, Wisconsin-based Continental Mapping Consultants in a move that takes effect Oct. 10. Continental Mapping said Thursday the mapping industry veteran will succeed David Hart, who will transition into a new role as the company’s CEO. …

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October 3 Market Close: GovCon Index Stuck in Neutral on S&P Stocks’ Gains, KBR and McKesson Declines

Executive Mosaic’s GovCon Index closed flat Monday to start the year’s fourth quarter as a rebound by Vectrus (NYSE: VEC) in conjunction with advances by other large- and mid-tier primes offset declines by KBR (NYSE: KBR) and McKesson Corp. (NYSE: MCK). GovCon Index gainers slightly edged laggers and eight of its 11 S&P 500 companies advanced with Raytheon …

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Comtech Board Chair Fred Kornberg Returns to CEO Post, Northrop & Harris Vet Michael Galletti Named COO

Comtech Telecommunications (Nasdaq: CMTL) has undergone a series of executive and organizational changes that include the appointment of Board Chairman Fred Kornberg to the CEO and president roles he served in between 1976 and 2015. Comtech said Thursday former CEO and President Stanton Sloane will leave the company and also resign from his seat on the …

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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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September 28 Market Close: GovCon Index, US Stocks Move Green in PM Trade on Oil Supply Cut Reports

Executive Mosaic’s GovCon Index turned positive in mid-afternoon trade Wednesday along with U.S. stocks after reports surfaced that major oil producing countries reached an agreement to limit global supply with more details due in November. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and eight of its 11 S&P 500 companies …

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Northrop Receives $350M in Triton UAV, Spares Production Funds From Navy

Northrop Grumman (NYSE: NOC) has secured $350 million in contract funds to produce MQ-4C Triton unmanned aerial vehicles, control stations and interim spares for the U.S. Navy. The company will work on three lot 1 low-rate initial production MQ-4C UAVs,  main and forward operation control stations, tooling and training courseware under a $255.3 million …

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Northrop Lands Potential $150M Navy Contract for IR Countermeasures on Combat Aircraft

Northrop Grumman (NYSE: NOC) has secured a potential $149.7 million firm-fixed-price, cost-plus-fixed-fee contract from the U.S. Navy for hardware, production test stations and technical services in support of the installation of large aircraft infrared countermeasures. The Defense Department said Friday Northrop will help integrate LAIRCM into the combat aircraft of the U.S. Army, …

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September 23 Market Close: GovCon Index Rally Halted, Posts Weekly Gain as Energy Weighs on US Stocks

Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed companies and other large defense platform makers among the drivers of gains as …

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September 21 Market Close: GovCon Index Returns Above 80 After Fed Holds on Rate Hike & Signals December Move

Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in …

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September 20 Market Close: GovCon Index Lower on HII Downgrade, US Stocks Higher as Fed Meeting Begins

Executive Mosaic’s GovCon Index closed in narrow range Tuesday after Cowen and Company downgraded the stock of military shipbuilder Huntington Ingalls Industries (NYSE: HII) and GCI decliners over gainers at roughly 2-to-1 ratio. Newport News, Virginia-based Huntington Ingalls ended as the GovCon Index’s worst net performer on Cowen and Company’s downgrade of HII to …

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