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Tag Archives: noc

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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Northrop Wins $103M Natl. Guard Training Support Contract

Northrop Grumman Corp. (NYSE: NOC) has won a potential $103 million contract from the U.S. Interior Department to support Army National Guard training programs. Northrop said the contract has one base year and two one-year options. Northrop will provide mission command systems training and mission rehearsal at Fort Leavenworth, Kan., …

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Navy Picks Date to Award $690M SPAWAR Network Contract

The U.S. Navy‘s Space and Naval Warfare Systems Command will award a $690 million contract for shipboard networks on Feb. 1, NextGov reports. At a Jan. 25 conference in San Diego, where SPAWAR is based, Capt. D.J. LeGoff said either Lockheed Martin Corp. (NYSE: LMT) or Northrop Grumman Corp. (NYSE: …

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Northrop Promotes Infrastructure, IT Vet to Lead C3I Systems

Northrop Grumman Corp. (NYSE: NOC) has appointed Pat Camacho vice president of integrated command, control, communications and intelligence systems, the company announced Thursday. Northrop said the 32-year company veteran will lead the defense systems business unit for net-centric operational command and control systems. He will report to Mike Twyman, vice …

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