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Tag Archives: Northrop Grumman

March 20 Morning Report: GovCon Index Closes Week in the Positive as Fed Raises Rates To 1.00 Percent

On Wednesday of last the Federal Reserve raised rates by one quarter point to 1.0 percent, while giving a strong indication of the potential for two additional rate increases to come later in the year. Executive Mosaic’s GovCon Index moved up to end the week in the positive. The Index closed …

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March 17 Market Close: GovCon Index Ends Week Up, as Markets Show Modest Weekly Gains

Executive Mosaic’s GovCon Index moved contrary to the markets today to end the week in the positive. The Index closed at 94.094, up 0.853 percent from the week’s open. The markets closed mixed for the day with the S&P 500 and DJIA closing down, 0.13 percent and 0.10 percent respectively. The …

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Navy Awards Northrop Potential $812M LCS Gun Mission Module Production Contract

Northrop Grumman (NYSE: NOC) has been awarded a potential $812 million contract by the U.S. Navy to manufacture gun mission modules for the service branch’s Littoral Combat Ships. The company will also support basic outfitting assembly installation, engineering, sustainment and interim depot-level maintenance of LCS gun mission modules, the Defense Department said …

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March 16 Market Close: GovCon Index Down, With Mixed Market Closings

Executive Mosaic’s GovCon Index closed down on the day as markets were mixed. After the Federal Reserve raised rates by one quarter point yesterday the markets responded with modest losses on the S&P500 and DJIA and a nominal gain on the NASDAQ. Treasury yields moved higher and the dollar lower. GovCon …

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March 9 Market Close: GovCon Index Down, While Stock Markets Close Up and WTI Drops Below $50

Executive Mosaic’s GovCon Index closed down for the day to 92.798 off -0.123%, contrary to the major markets which all closed slightly up. Investors wait for the February official U.S. jobs data due to release tomorrow. GovCon Index decliners outpaced advancers 19 to 11 as Orbital ATK (NYSE:OA) leds gainers for …

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Fluor COO Peter Oosterveer to Retire in March

Peter Oosterveer, chief operating officer of Fluor (NYSE: FLR), is set to depart the construction and engineering services contractor by the end of March after a 28-year career there. Fluor said Wednesday Oosterveer will retire from the company and return to his native country of Netherlands for another job. He previously served as group president of Fluor’s energy …

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Marine Col. Michael Atcheson Named Comtech C2 Technologies Group President

Michael Atcheson, formerly program director of the international business unit at Northrop Grumman’s (NYSE: NOC) mission systems sector, has been named president of command and control technologies group at Comtech Telecommunications (Nasdaq: CMTL). He succeeds Richard Burt, the group’s acting president who will continue to serve as a senior vice president at …

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March 7 Market Close: GovCon Index Up, US Stock Markets Down

Executive Mosaic’s GovCon Index reversed it’s four day losing streak to close up 0.000% to 93.000. Even with the US stocks posting it third lose in the past four days the GovCon Index was able to remain in the positive. GovCon Index advancers split evenly with decliners as seven of its …

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Northrop Gets $91M Modification on Navy EA-18G Software Upgrade Contract

Northrop Grumman has secured a $91 million contract modification to provide software configuration set upgrades to software and ancillary hardware of the U.S. Navy‘s and Australia’s EA-18G Growler electronic warfare aircraft. The Defense Department said Monday Northrop will design, develop and implement airborne electronic attack requirements in support of EA-18G aircraft under …

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Noblis Names Compensation Systems Pro Chris McGee to Board of Trustees

TYSONS CORNER, VA, March 2, 2017 — Noblis has added Chris McGee, senior client partner at Korn Ferry‘s (NYSE: KFY) Hay Group division, to the scientific research and engineering services company’s board of trustees, GovCon Executive reported Wednesday. Noblis said Monday McGee brings expertise in human capital and compensation systems to the …

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