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Tag Archives: Northrop Grumman

November 17 Market Close: GovCon Index Nudges Green, Fed Chair Tells Congress Rate Hike Near

Executive Mosaic’s GovCon Index nudged a slight gain Thursday in a mostly positive session for the U.S. stock market at-large as investors listened to Federal Reserve Chair Janet Yellen’s congressional testimony. GovCon Index decliners edged advancers and three of its 11 S&P 500 components closed green with Honeywell International (NYSE: HON) the best net gainer among …

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State Dept Clears South Korea’s $141M Aircraft Countermeasure System Request

The State Department has approved a potential $141 million sale of Large Aircraft Infrared Countermeasures systems and non-defense equipment to South Korea under a foreign military sales agreement with Northrop Grumman (NYSE: NOC) as the contractor. The Defense Security Cooperation Agency said Wednesday South Korea’s request of the AN/AAQ- 24(V) LAIRCM systems includes …

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November 16 Market Close: GovCon Index Lower as Defense Primes Slow Post-Election Surge

Executive Mosaic’s GovCon Index traded lower Wednesday on sell-offs in its largest defense prime components as U.S. stocks also held modestly down with financial stocks and utilities among the most notable decliners. GovCon Index laggards outnumbered gainers by a 2-to-1 ratio and all 11 of its S&P 500 components fell with Lockheed Martin …

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Natl Security Market Vet Susan Holley Named SC3 Business Devt SVP; David Page Comments

Susan Holley, a 26-year national security services industry veteran, has joined SC3 as senior vice president of business development at the Alexandria, Virginia-based technology and consulting services contractor. SC3 said that Holley will report directly to CEO David Page and lead the company’s efforts to identify new business opportunities, partnerships and …

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November 15 Market Close: GovCon Index Post-Election Gain Streak Ends With 1% Decline, US Stocks Advance

Executive Mosaic’s GovCon Index ended its four-day post-election gain streak with a 1-percent decline Tuesday as investors sold defense shares that had surged since Donald Trump’s U.S. presidential election victory Nov. 8. In contrast, U.S. stocks were lifted Tuesday on bounces in technology and energy shares as the latter sector rose in conjunction with …

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F-35 Program Office Taps Northrop, BAE & Australia-Based Teammates for MRO&U Services

TYSONS CORNER, VA, Nov. 15, 2016 — The F-35 Joint Strike Fighter program office has tapped Northrop Grumman‘s (NYSE: NOC) Australia-based subsidiary for maintenance, repair, overhaul and upgrade services, ExecutiveBiz reported Monday. Northrop said Friday it will a join a team of other companies including the Australian operations of BAE Systems and …

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November 14 Market Close: GovCon Index Posts 4th Straight 1%-Plus Gain, AECOM Surges on CEO’s Infrastructure Comments

Executive Mosaic’s GovCon Index added at least 1 full percent for a fourth consecutive session Monday to new all-time high as defense primes continued to lead gainers and construction company AECOM (NYSE: ACM) also climbed after its CEO offered investors a positive outlook on U.S. infrastructure spending. GovCon Index gainers outnumbered …

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Industry, Academic Execs Join INSA Board of Directors, Advisors

TYSONS CORNER, VA, Nov. 11, 2016 — The Intelligence and National Security Alliance has named several industry and academic leaders to its boards of directors and advisers, GovConExecutive reported Nov. 4. INSA said Wednesday its board of directors will help oversee the alliance’s planning and business operations, while the advisory board …

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November 9 Market Close: GovCon Index Ends at Record High With 5% Surge, Investors Bet on Defense Spending Uptick

Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres. Donald Trump after his watershed election win Tuesday. The U.S. stock bellwether S&P 500 composite index …

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November 9 Intraday Special Report: GovCon Index Up 4% & Surging Toward Largest One-Day Climb, Defense Primes Pace Gains

As of 11:15 a.m. Eastern time, Executive Mosaic’s GovCon Index is trading up 4 percent and on pace to record its largest one-day gain since its October 2014 inception as investors have snapped up shares in large defense primes after the upset victory by Donald Trump in the U.S. presidential …

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