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Tag Archives: Northrop Grumman

April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

The GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week. While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel. Four of the five largest U.S. government contractors will …

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Weekly Roundup April 4 – April 8 2016: Leidos Adds Zika Vaccine Program to Burgeoning Health Biz & more

April 4 – April 8 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The global effort to combat the spread of mosquito-borne Zika virus in the Western Hemisphere now will include the company soon to become the largest U.S. government services contractor. …

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Northrop Grumman Submits Bid for Air Force’s Follow-On GPS III Program

TYSONS CORNER, VA, April 8, 2016 — Northrop Grumman (NYSE: NOC) has proposed a “heritage” GPS III spacecraft and prototype navigational payload as part of its bid for the U.S. Air Force‘s follow-on program on the production of future GPS III space vehicles, ExecutiveBiz reported Thursday. The company said Wednesday the proposed spacecraft works …

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Northrop, General Atomics to Share ND Runway With AF Under Joint Use Agreement

TYSONS CORNER, VA, April 4, 2016 — Northrop Grumman (NYSE: NOC) and General Atomics will share a runway with the U.S. Air Force at the Grand Forks Air Force Base in North Dakota to test new unmanned aerial vehicles, ExecutiveBiz reported Friday. Sen. John Hoeven’s office (R-N.D.) reported Wednesday the Air Force inked a …

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April 4 Morning Report: GovCon Index Posts Gain on March Jobs Data, Manufacturing Sector Recovery

The GovCon Index closed Friday with a gain of 0.348 points to 74.380 on positive movement in U.S. markets and posted a weekly gain of 1.273 percent. The U.S. markets’ performance is based on jobs data that indicates nonfarm businesses added 215, 000 workers in March to surpass analyst expectations, according to Reuters. Investors also …

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April 1 Market Close: GovCon Index, US Stocks Up on March Jobs Report to Hold Off Early Oil Pressure

The GovCon Index posted a gain of 0.348 points to 74.380 in a reflection of overall positive movement in U.S. markets Friday on March jobs figures that exceeded some economists’ expectations and new manufacturing data that showed some recovery in that sector. Both the Index and S&P 500 composite index held …

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DMEA Picks 8 Firms for $7B Follow-On Advanced Tech Engineering Services IDIQ

The Defense Microelectronics Activity has awarded positions on a potential $7.2 billion contract vehicle to eight companies to support the agency’s work on new technology insertions and applications for military systems. Contractors will bid for individual task orders over a 10-year ordering period to engineer components for the Defense Department to address operational issues with electronics’ hardware and software …

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Craig Reed Joins IT Services Contractor NT Concepts as President, COO

Craig Reed,  a three-decade GovCon veteran and former senior vice president from Engility (NYSE: EGL), has joined Vienna, Virginia-based information technology government services contractor NT Concepts as president and chief operating officer. NT Concepts said Thursday Reed will oversee operations, growth strategies and business development efforts at the company as it aims to elevate its …

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March 30 Market Close: GovCon Index Rally Extends to 3rd Day, US Markets Eye Slower Rate Hike Pace

The GovCon Index extended its stretch of positive movement into a third full trading session Wednesday with a gain of 0.204 points to 74.334 as U.S. investors continued to gauge Tuesday’s comments from Federal Reserve Chair Janet Yellen on a potentially slower interest rate hike path for the central bank. Falls Church, Virginia-based CSRA …

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Air Force Taps Northrop, Raytheon for JSTARS Recap Risk Reduction Contracts

Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) have secured contracts worth $130.3 million combined to help reduce radar risks for the U.S. Air Force‘s Joint Surveillance Target Attack Radar System Recapitalization program. The service branch awarded $70.3 million to Northrop’s systems business and $60 million to Raytheon’s space and airborne systems unit, the Defense …

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