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Tag Archives: Northrop Grumman

Northrop Grumman to Deliver MK 48 Torpedo Components to Navy

TYSONS CORNER, VA, July 10, 2017 — Northrop Grumman (NYSE: NOC) will supply MK 48 torpedo nose shell assemblies and transducer arrays to the U.S. Navy under a potential $50.1 million contract, ExecutiveBiz reported Friday. The company said Thursday it will produce up to 180 units plus spare parts and provide engineering …

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July 10th Morning Report: Friday Close – GovConIndex Reaches 30 Day High

All the market closed trading Friday in the positive on the day. The Executive Mosaic GovCon Index (GCI) reached a 30 day high to close at 96.626 up 1.33 percent with twenty eight of the thirty stocks that make up the index closing positive. The major indices closed strong on Friday responding …

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July 7th Market Close: GovConIndex Reaches 30 Day High As Major Indices Close Up

All market reversed their downward direction from yesterday and closed up strongly today. The Executive Mosaic GovCon Index (GCI) reached a 30 day high to close at 96.626 up 1.33 percent with twenty eight of the thirty stocks that make up the index closing positive. All the major indices reversed yesterdays downward …

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Jin Kang Promoted to WidePoint President, CEO; Jason Holloway to Lead Cybersecurity Business

Jin Kang, formerly executive vice president and chief operations officer at WidePoint (NYSE: WYY), has been promoted to president and CEO at the McLean, Virginia-based managed mobility services provider. He will serve as a member of WidePoint’s board of directors and succeeds Jeff Nyweide, who resigned from his posts six …

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July 5th Market Close: GovConIndex Closes Up While Major Indices Close Mixed

Returning after the Independence Day Holiday the markets closed mixed. The Executive Mosaic GovCon Index (GCI) closed up for the third straight day to 96.213 a gain of 0.172 percent threatening to set a new high. Advancers outpaced decliners 2 to 1. The top five ‘Net Performers‘ were major platform companies that …

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Executive Mosaic’s Weekly GovCon Round-up: NDAA, DoD Purchasing Reform & More

Weekly Roundup June 26 – June 30 2017 A Note From Our President & Founder Jim Garrettson This week we saw the unveiling of the House Armed Services Committee’s $696.5 billion defense authorization bill. The draft, titled 2018 National Defense Authorization Act (NDAA), was revealed on the 26th and asks for …

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Northrop Wins $93M Marine C2 Software Development, Maintenance IDIQ

Northrop Grumman (NYSE: NOC) has won a potential four-year, $93 million contract to help the U.S. Marine Corps develop and maintain software for a command and control personal computer system. The company will also provide software development and maintenance support for a tactical service oriented architecture under the indefinite-delivery/indefinite-quantity contract, the Defense …

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July 3 Morning Report: June Close – GovCon Index Down, Major Indices Mixed for the Month

The Executive Mosaic GovCon Index (GCI) closed up Friday to 94.885 a gain of 0.760 percent. The Index ended down 1.24 percent from the June open of 96.082. The month saw a GCI high of 96.224 and a low of 94.302. The major indices ended Friday with a monthly June performance with the …

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June 30 Market Close: GovConIndex Closes Up as Major Indices Are Mixed

The Executive Mosaic GovCon Index closed up to 94.885 a gain of 0.760 percent. 28 of the 30 stocks that make up the Index where in the positive. ManTech international lead the GovCon Index posting a 5 percent gain as the company was upgraded by Loop Capital Markets. After sharp drops yesterday …

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Air Force Awards Northrop $179M LAIRCM Support Contract Modification

Northrop Grumman (NYSE: NOC) has secured a $179 million contract modification from the U.S. Air Force to provide hardware and support for large aircraft infrared countermeasures systems, or LAIRCM. The Defense Department said Thursday the company will perform work under the modification in Rolling Meadows, Illinois through April 30, 2019. LAIRCM is designed …

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