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Tag Archives: Northrop Grumman

August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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Weekly Roundup August 22 – August 26 2016: JPMorgan Analyst Bullish on Defense & more

August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued “green” movement in …

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Northrop Grumman Donates UAS for Northland College Training Program

TYSONS CORNER, VA, Aug. 26, 2016 — Northrop Grumman (NYSE: NOC) has donated a Bat multi-mission unmanned aircraft system and associated equipment to Northland Community & Technical College in efforts to expand UAS operations in the Red River Valley in North Dakota and Minnesota, GovCon Executive reported Thursday. NCTC said Tuesday it will use the drone to support …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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Northrop to Update Global Hawk Ground Segment Under Air Force Contract

TYSONS CORNER, VA, Aug. 24, 2016 — Northrop Grumman (NYSE: NOC) has received a contract from the U.S. Air Force to update the ground control segment of the service branch’s Global Hawk unmanned aircraft systems, ExecutiveBiz reported Tuesday. The company said Monday it will provide a scalable cockpit architecture and new command-and-control tools and cybersecurity …

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August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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August 22 Market Close: GovCon Index Rises Against Choppy US Stock Trade

Executive Mosaic’s GovCon Index recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets as speculation over the next interest rate hike continued to dominate investors’ attention. GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of the GCI’s 11 …

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Trending 40 Recognizes GovCon Industry Pros in 2016’s Top DC Corporate Counsels List

TYSONS CORNER, VA, Aug. 22, 2016 — Veteran Moving Forward‘s Laurence Grayer, Cerberus‘ Gregory Nixon and Booz Allen Hamilton‘s (NYSE: BAH) Josh Petty have been selected by Trending 40 for the events program’s list of top corporate counsels in Washington, D.C., GovConExecutive reported Thursday. The list, published on Trending 40’s website, also features Mitre‘s Julie Bowen, AT&T‘s (NYSE: …

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Lockheed-Northrop JV to Supply Radar Electronics for Army Apache Aircraft

TYSONS CORNER, VA, Aug. 22, 2016 — The U.S. Army has awarded a Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) joint venture a potential $38.4 million contract to deliver radar electronic units for the service branch’s lot 7 AH-64 Apache attack helicopters, ExecutiveBiz reported Friday. Longbow LLC is set to perform work …

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Northrop Taps Raytheon for $104M Air Force Global Hawk Ground Control Modernization Subcontract

Northrop Grumman  (NYSE: NOC) has awarded Raytheon (NYSE: RTN) a potential $104 million subcontract to update the ground controls of the U.S. Air Force’s RQ-4 Global Hawk unmanned aerial system. Raytheon will equip the mission control stations for the Northrop-built UAS with open architecture that will work to facilitate the addition …

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