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Tag Archives: Northrop Grumman

May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

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Air Force Picks Boeing, Northrop for GPS Satellite Digital Waveform Generator Support

TYSONS CORNER, VA, May 19, 2016 — Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) will provide digital signal generation technology to the U.S. Air Force under separate contracts in support of the Orbit Reprogrammable Digital Waveform Generator program, ExecutiveBiz reported Wednesday. The Defense Department said Monday Boeing received a $16.2 million …

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May 18 Market Close: GovCon Index Nudges Gain on Booz Allen, McKesson Boosts

The GovCon Index hovered in neutral territory during the final two hours of trade Wednesday and closed at a gain of 0.220 points to 77.591 despite its descent from a strong early afternoon session. The GCI hit volatility in conjunction with the S&P 500 composite index shortly after 2 p.m. upon the release of the Federal …

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May 16 Market Close: GovCon Index Posts 1% Gain as Markets Welcome Buffett’s Apple Stake

The GovCon Index posted its second gain of more than a full point in three weeks Monday to close up 1.052 points — or 1.366 percent — to 78.090. Contractor stocks rode the wave of positivity in U.S. markets after Warren Buffett’s Berkshire Hathaway investment arm disclosed its now-$1 billion stake in Apple as of the first quarter’s …

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May 13 Market Close: GovCon Index Sinks 1%, Large Primes Fall on Lockheed Downgrade

The GovCon Index held lower throughout Friday trade in a reflection of dim sentiment in U.S. markets and closed down 1.052 percent to 77.038 with many of the GCI’s largest prime contractors as the biggest decliners after a nearly four-day stretch as the drivers of gains. Friday’s close puts the Index at a …

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May 12 Market Close: GovCon Index Holds Steady Against Choppy US Markets

The GovCon Index held steady despite general choppy activity in U.S. financial markets during Thursday trade and closed at a gain of 0.304 points to 77.857 on strong performances by many platform and product makers in the contracting arena. Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) both rose at least $3.00 …

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May 10 Market Close: GCI Soars 1% as Lockheed, Northrop, HII Hit All-Time Highs in Intraday Trade

The GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions. Lockheed Martin (NYSE: LMT),  Northrop Grumman (NYSE: NOC) and Huntington Ingalls …

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Air Force Taps Boeing, Lockheed, Northrop for GPS III Phase 1 Readiness Assessment Contracts

TYSONS CORNER, VA, May 9, 2016 — The U.S. Air Force has awarded Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) potential $6 million contracts to conduct feasibility studies on the production readiness of future GPS III satellites, ExecutiveBiz reported Friday. The Space and Missile Systems Center at Los …

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May 9 Morning Report: GovCon Index Posts Gain on US Buying Activity, Earnings Reports

The GovCon Index closed Friday with a 0.634-point increase to 7.206 amid buying activity in U.S. financial markets. The GCI also posted a weekly gain of 0.845 points as earnings reports from contractors over the past week — including Huntington Ingalls Industries (NYSE: HII),  Engility Holdings (NYSE: EGL),  ICF International (Nasdaq: ICFI),  Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: …

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May 6 Market Close: GovCon Index Boosted by Engility & ICF 1Q Beats, Huntington Ingalls Extends Gain Stretch

The GovCon Index rode the wave of buying activity in U.S. financial markets Friday and closed up 0.634 points to 7.206, which put the GCI at a weekly gain of 0.845 points to start May after a series of earnings reports from contractors that exceeded analyst expectations. Shipbuilder Huntington Ingalls Industries (NYSE: HII) extended its win …

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