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Tag Archives: Northrop Grumman

Matt Donovan: USAF to Spend $2B Bomber Fund Request on Software Devt, Recruitment

Matt Donovan, Air Force undersecretary, has said the service’s $2 billion funding request for the B-21 bomber aircraft program for fiscal year 2018 would be spent on software development and staffing efforts at Northrop Grumman (NYSE: NOC), Bloomberg Technology reported Wednesday. The military branch will also allocate part of the …

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Reports: Northrop Ends Navy Stingray Tanker Drone Contract Pursuit

Northrop Grumman (NYSE: NOC) has decided to drop the company’s pursuit of the U.S. Navy’s carrier-based unmanned aerial refueling tanker program, Defense News reported Wednesday. The contractor’s decision came two weeks after the service issued the final request for proposals for the MQ-25A Stingray program. “Winning is great… but if you can’t …

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October 25th Market Close: GovConIndex and Major Indices Close Down

The Executive Mosaic GovCon Index (GCI) closed down for the third consecutive day to end at 109.566 off 0.129 percent with declining shares outpacing advancing 18 to 12. The three major indices all declined for the day as investors respond to less than positive earnings reports and uncertainty about the potential passing of the …

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October 23rd Morning Report: GovCon Index Up and Stocks Post Sixth Straight Weekly Gain

The Executive Mosaic GovCon Index (GCI) was up 0.603 points from Monday’s opening value to post a weekly gain of 0.55 percent to end Friday’s trading at 109.782.  Friday saw advancing shares outpacing declining 5 to 1. The three major indices all closed Friday up reaching new highs and posting the sixth straight weekly …

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October 20th Market Close: GovConIndex Up and Major Indices Set New Record Highs

The Executive Mosaic GovCon Index (GCI) closed up for a second day to 109.782 up 0.833 percent. Advancing shares outpaced declining 5 to 1. The three major indices all closed up to set new record highs as the Trump administration draws closer to passing a new tax plan. The S&P500 closed up 0.51 …

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Executive Mosaic’s Weekly GovCon Round-up: Insights from Secretary of the U.S. Air Force Heather Wilson, USAF Contracts

Weekly Roundup October 16 – October 20 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Secretary of the Air Force Heather Wilson’s remarks from Potomac Officers Club Space Summit Air Force taps Orbital ATK for rocket motor tech IDIQ contract Pratt & Whitney lands potential $2.7B Air …

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Report: Army Taps 4 Firms for Patriot Radar Replacement Concept Design Contracts

The U.S. Army has awarded separate contracts to four companies to develop concept designs that will be used to determine the requirements for a new platform to replace its Patriot air-and-missile defense radar system, Defense News reported Wednesday. Contract recipients include Raytheon (NYSE: RTN), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) …

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Navy Seeks Proposals From 4 Companies for Future Carrier-Based Aerial Refueling Drone

TYSONS CORNER, VA, Oct. 13, 2017 — Boeing (NYSE: BA), General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) are potential bidders on the U.S. Navy‘s procurement program for a carrier-based unmanned aerial refueling tanker, ExecutiveBiz reported Thursday. USNI News reported Tuesday the Navy sent a request for proposals …

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October 12th Market Close: GovConIndex Closes Up Reverse to the Major Indices Closing Down

The Executive Mosaic GovCon Index (GCI) moved upward to close at 109.761, up 0.376 percent with advancing shares outpacing declining 21 to 8. The three major indices all closed negative with the S&P500 down 0.17 percent to 2,550.93, while the DJIA closed at 22,841.01 off 0.14 percent, and the NASDAQ Composite declined 0.18 …

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October 11th Market Close: GovConIndex Closes Down as Major Indices Set New Record Highs

The Executive Mosaic GovCon Index (GCI) reversed its positive direction to close down slightly 0.278 percent to 109.246 with declining shares outpacing advancing 18 to 12. As we begin Q3 earnings season the three major indices closed to the positive with all three reaching new highs. The S&P500 gained 0.18 percent to 2,555.24, while …

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