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Tag Archives: noc

June 10 Market Close: GovCon Index Down, Notches 4th Straight Weekly Gain Ahead of Fed’s Midweek Summit

The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent …

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June 9 Market Close: GovCon Index Flat, US Stocks Post Little Change in Investor Outlook Reset

The GovCon Index attempted an afternoon reversal from its morning decline Thursday and closed at a nominal loss of 0.004 points to 80.493 as U.S. investors paused their recent stretch of optimism before the Federal Reserve‘s policy meeting next week and other key events to gauge the global economy. Thursday ends the …

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June 8 Market Close: GCI Hits 80, Extends Gain Streak to 6th Day as HII & L-3 Hit 52-Week Highs

The GovCon Index held positive for a sixth consecutive full trading session Wednesday with a gain of 0.751 points to 80.497 and achieved its first close above 80 points in 16 months. A weakening dollar helped lift U.S. stocks and multinational corporations in particular as commodities such as copper, gold and …

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June 6 Morning Report: GovCon Index Posts Narrow Friday Gain on May Jobs Data

The GovCon Index closed Friday with a narrow gain of 0.091 points to 79.018 for its third consecutive week in positive territory as the Labor Department reported May jobs data below expectations. According to CNBC, analysts have also indicated that the Federal Reserve could implement a 54-percent increase in the interest rate as …

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June 3 Market Close: GovCon Index Holds Marginally Up Against US Stock Declines

The GovCon Index recorded a narrow gain of 0.091 points to 79.018 Friday to post its third consecutive weekly rise as U.S. markets showed caution after the May payrolls report showed 38, 000 jobs created in May to fall well short of economist forecasts. According to CNBC, analysts expected the Labor Department …

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May 31 Market Close: GCI Declines, Ends 4th Straight Month in Positive as New Tanker Delay Drags Boeing Shares

The GovCon Index posted a decline of 0.398 points to 78.106 Tuesday on losses by Boeing (NYSE: BA) and other large defense prime contractors but ended at a gain for May to record its fourth straight month of positive movement. The Index rose 2.523 percent for May and has climbed 7.763 percent …

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Proposed $260M F-16 Logistics Foreign Military Sale to Oman Gets State Dept Clearance

The State Department has approved a $260 million foreign military sale of logistics support services,  support and communications equipment, personnel training and spare and repair parts for F-16 units to Oman. The Defense Security Cooperation Agency said Thursday the government of Oman has also requested electronic combat international security assistance, contractor …

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May 24 Market Close: GovCon Index Posts 1% Rally as Services Providers Lead Gains

The GovCon Index rallied 1.197 percent to 78.192 on gains led by the GCI’s services-focused contractors and defense prime Northrop Grumman (NYSE: NOC) on news that the U.S. lifted its embargo on weapons sales to Vietnam. Science Applications International Corp. (NYSE: SAIC) added 4.01 percent — or $2.10  — after analysts at Jefferies listed SAIC as one of …

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Northrop Wins $106M For AF Comm Payloads

Northrop Grumman (NYSE: NOC) has won a $106, 364, 282 contract modification to continue operating communications payloads for U.S. Air Force manned and unmanned aerial vehicles. The Defense Department said Thursday three Battlefield Airborne Communications Node payloads will continue operating on the Global Express BD-700 and three Global Hawk drones. …

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Northrop Elects Former CNO Gary Roughead to Board of Directors

Northrop Grumman Corp. (NYSE: NOC) has elected retired Navy Adm. Gary Roughead to Northrop’s board of directors, Northrop announced Thursday. Roughead’s election increases the company’s number of directors to 13, 12 of which are nonemployee directors. The 38-year Navy veteran served as the 29th chief of naval operations from 2007 …

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