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Tag Archives: Northrop Grumman

State Dept OKs $194M Short-Range Radar Sale to Kuwait

The State Department has approved Kuwait’s request to buy gap-filler radars and related support from the U.S. government under a potential $194 million foreign military sales agreement. Kuwait asked to procure six gap-filler or short-range radars and a long-range radar as well as services to support updates to the AN/FPS 117 (V)3 …

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October 13 Market Close: GovCon Index Cuts Losses in PM Trade, Cubic Weighs After 4Q Earnings Caution

Executive Mosaic’s GovCon Index pared much of its losses during afternoon trade Thursday but failed to close in green as Cubic Corp. (NYSE: CUB) tumbled after the company warned full-year earnings and revenue would fall below prior guidance on funding delays from the Defense Department. GovCon Index gainers slightly edged laggers after …

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Former Sotera SVP Tina Kuhn Joins CyberCore as President & CEO

Tina Kuhn, a former senior vice president at Sotera Defense and 33-year GovCon sector veteran, has joined cybersecurity services contractor CyberCore Technologies as president and CEO. CyberCore said Wednesday Kuhn’s industry career includes leadership, executive management, operations management, business development and program management roles to support government, international and commercial customers. Elkridge, Maryland-based CyberCore provides cyber …

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October 12 Market Close: GovCon Index Rises on HII, Honeywell Bounces in Narrow US Trading Session

Executive Mosaic’s GovCon Index held higher Wednesday on gains by Huntington Ingalls Industries (NYSE: HII) and Honeywell International (NYSE: HON) as the U.S. stock bellwether S&P 500 index showed little change with the Federal Reserve‘s September meeting minutes the main focus of investor attention. GovCon Index gainers slightly outnumbered laggers and six of its 11 …

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October 10 Morning Report: GovCon Index Posts Friday, Weekly Decline on September Jobs Data

Executive Mosaic’s GovCon Index registered a sharp 1.298-percent decline Friday to close at 79.859, going below 80 points for the first time since Sept. 21. Northrop Grumman (NYSE: NOC), McKesson Corp. (NYSE: MCK) and Harris Corp. (NYSE: HRS) are the GCI’s only S&P 500-listed stocks to close green Friday. The Index also posted …

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October 7 Market Close: GovCon Index Plunges 1%, Falls Below 80 on Honeywell Earnings Guidance Miss

Executive Mosaic’s GovCon Index registered its second loss of at least 1 percent in six sessions Friday to register its second consecutive weekly decline on Honeywell International‘s (NYSE: HON) largest one-day plunge in 15 months on an earnings guidance miss and other falls by mid-tier contractors. Friday’s sharp decline puts the GCI at …

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October 6 Market Close: GovCon Index Goes Green Against Muted US Markets, Booz Allen Rallies & Gets Analysts’ Backing

Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. Thursday’s gain puts the GCI on pace for a weekly gain with Friday’s …

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Northrop Lands Air Force KC-10 Engine Overhaul, Logistics Contracts

Northrop Grumman’s (NYSE: NOC) technical services business has received two separate contracts worth $54.1 million and $42.3 million from the U.S. Air Force to provide engine overhaul services and logistics support for the KC-10 program. The company will overhaul 12 KC-10 engines in Vancouver, Canada under the first contract that …

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Former ManTech Exec Darla Moon Joins Patriot Group International as CFO

Darla Moon, formerly senior vice president of business operations at ManTech International (Nasdaq: MANT), has joined Warrenton, Virginia-based expeditionary mission support services provider Patriot Group International as chief financial officer. Moon spent six years at ManTech, where she helped oversee the company’s large finance team and facilitate operations, PGI said. …

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October 4 Market Close: GovCon Index Falls on Defense Prime Declines, Strong Dollar and IMF Forecast Weigh on Markets

Executive Mosaic’s GovCon Index declined Tuesday with major defense primes and large services companies the major contributors to its losses as U.S. stocks also tumbled on a stronger dollar and a muted global outlook from the International Monetary Fund. GovCon Index gainers outnumbered laggers by a 2-to-1 ratio, McKesson Corp. (NYSE: MCK) was …

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