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Tag Archives: Northrop Grumman

February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

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February 22 Market Close: GovCon Index Flat, S&P 500 Dips After Fed Minutes

Executive Mosaic’s GovCon Index held flat as the U.S. stock bellwether S&P 500 composite index traded narrowly lower Wednesday after the most recent Federal Reserve meeting minutes indicated a desire among many policymakers to raise interest rates “fairly soon.” GovCon Index advancers slightly edged decliners 16-14 as seven of its 11 S&P 500 components closed green with Huntington …

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Dan Allen to Retire as Chairman & CEO of Serco’s North American Arm

Dan Allen, chairman and CEO of Serco Group‘s North American subsidiary, plans to retire from the Reston, Va.based professional services company by the middle of this year. Serco Inc. said Wednesday it will launch a search for Allen’s successor that will include internal and external candidates. “Throughout his tenure, Dan has focused on …

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February 16 Market Close: GovCon Index Moves Green on Huntington Ingalls 4Q Beat, US Stocks Pause Rally

Executive Mosaic’s GovCon Index closed at a new all-time high for a fourth consecutive session on strong fourth quarter earnings from Huntington Ingalls Industries (NYSE: HII) as the U.S. benchmark S&P 500 retreated Thursday after a five-day stretch of record closes. Both the GCI and U.S. equities had set continued record highs during those streaks on …

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February 15 Market Close: GovCon Index & US Stocks Further Extend Record Highs

Executive Mosaic’s GovCon Index and all three major U.S. stock indices moved further into record-high territory Wednesday after President Donald Trump repeated his plans to cut taxes and simplify the tax code after a meeting with retail company executives. GovCon Index advancers outnumbered decliners by a 9-to-1 ratio as nine of …

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Northrop, Redstone, Army Test Updated Black Hawk With Digitized Cockpit

TYSONS CORNER, VA, Feb. 15, 2017 — Northrop Grumman (NYSE: NOC), Redstone Defense Systems and the U.S. Army have conducted a test flight of an updated UH-60V Black Hawk helicopter fitted with Northrop’s Integrated Avionics Suite, ExecutiveBiz reported Tuesday. Northrop said Monday the helicopter’s digitized cockpit with digital electronic instrument displays works …

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February 13 Market Close: GovCon Index Rises on Blue Chip Gains With Trump Tax Cuts in Focus

Executive Mosaic’s GovCon Index rose Monday in tandem with major U.S. equity indices that set new record highs as investors continued to bet President Donald Trump’s plans for lower corporate taxes and regulations can boost economic growth. GovCon Index advancers outnumbered decliners by an 8-to-1 ratio as 10 of its 11 S&P …

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Lockheed-Northrop-Comtech Team Integrates Comms Terminal With AEHF Network

TYSONS CORNER, VA, Feb. 13, 2017 — A Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Comtech Telecommunications (Nasdaq: CMTL) team has integrated and tested a new communications terminal with the Advanced Extremely High Frequency network, ExecutiveBiz reported Friday. The test works to check the Low Cost Terminal‘s hardware and software …

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February 10 Market Close: GovCon Index Breaks 90 After 2 Months Below Mark, Ends Week Higher

Executive Mosaic’s GovCon Index closed above the 90-point barrier for the first time in two months Friday to end the week higher as all three major U.S. stock indices closed at record highs for a second consecutive session on extended investor anticipation over President Donald Trump’s tax announcement within the next …

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Army Awards 8 Spots on $3B Space, Missile Defense Tech R&D Contract

The U.S. Army has awarded eight companies positions on a potential nine-year, $3.04 billion contract to support research and development of space or high-altitude and missile defense technologies. Contractors will vie for task orders to help the Army design, build, integrate, demonstrate and provide domain-one services for hardware and software platforms under …

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