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Tag Archives: Northrop Grumman

May 2 Morning Report: GovCon Index Posts Weekly Decline, Sharp Gain for April

The GovCon Index posted a loss of 0.481 points to 76.361 Friday and closed the week with a decline amid the release of first-quarter earnings reports from large U.S. government contractors throughout the week. GCI closed April as its third consecutive month with positive movement at a year-to-date gain of 5.24 percent. Several of the largest GovCon companies reported first-quarter earnings and …

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April 29 Market Close: GovCon Index Free Fall Deepens to Post Weekly Decline, End Positive April

The GovCon Index deepened its slide Friday with a loss of 0.481 points to 76.361 that puts the GCI at a weekly decline but a sharp gain for the month of April as earnings reports for large government contractors dominated trading activity Monday through Friday. April represents the Index’s third consecutive month …

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Weekly Roundup April 25 – April 29 2016: Investors Give Mixed Signals on Contractor Stocks & more

April 25 – April 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson First quarter earnings season has given investors with keen interest in the aerospace, defense and government contracting sectors a smorgasboard of items to consider as they gauge the industry’s health. …

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Northrop Lands $62M Option on Air Force Comms Payload Support Contract

Northrop Grumman (NYSE: NOC) has received a $61.7 million contract modification to support battlefield airborne communication node technology for the U.S. Air Force. The modification exercises an option on a previously awarded contract for BACN payload operations and support services,  the Defense Department said Thursday. BACN is designed to integrate with Northrop-built Global Hawk …

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April 27 Market Close: GovCon Index Boosted By Defense Prime Gains After 1Q Earnings Reports

The GovCon Index soared 1.396 percent to 77.998 Wednesday on a series of pre-market earnings reports from several large defense prime contractors as Boeing (NYSE: BA) overcame an early morning decline to close in positive. GovCon Wire posted a summary of all six GovCon Index-related earnings figures plus that of United Technologies Corp. (NYSE: UTX) …

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GovCon Index Defense & Services Primes Report Mixed 1Q Earnings; Boeing Misses

Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one for the second …

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April 26 Market Close: GovCon Index Soars 1% on Lockheed Forecast Lift & Defense Prime Gains

The GovCon Index outpaced narrow activity in U.S. financial markets Tuesday with a sharp gain of 1.258 percent to 76.924 Tuesday on Lockheed Martin‘s (NYSE: LMT) lift of its full-year earnings and revenue outlook and subsequent positive swings by many prime aerospace and defense contractors. Lockheed led all net change gainers at $5.86 or …

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Navy Awards 12 Spots on $800M Multifunction RF Systems IDIQ

The U.S. Navy has awarded positions to 12 companies on a five-year, $800 million contract to prototype radio frequency components for electronic warfare, communications, radar and information operations. The Defense Department said Monday contractors will vie for task orders to research, design, fabricate, integrate and test open RF systems as part of the Navy’s Electromagnetic Maneuver …

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April 25 Market Close: GovCon Index, US Stocks Weighed By Oil Declines & Earnings Worries

The GovCon Index followed the larger market forces of oil declines and concerns over corporate earnings reports Monday with a decline of 0.401 points to 75.968 on the first day of April 2016’s last trading week. As covered in our Friday market close report, 11 GCI-listed companies will release their latest quarterly …

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A&D Tech Industry Vets Carl Johnson, Rebecca McGrane Join Norsk Titanium

Aviation component manufacturer Norsk Titanium has named Carl Johnson as senior vice president of technology, engineering and quality and Rebecca McGrane as vice president and general manager of its technology center. Norsk Titanium said Monday Johnson, a veteran of Northrop Grumman (NYSE: NOC) for more than three decades; and McGrane,  who spent 15 years at General …

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