Tag Archives: Northrop Grumman

June 15 Market Close: GovCon Index, US Stocks Choppy as Fed Holds Line on Interest Rates

The GovCon Index hit choppy trade in the late afternoon session Wednesday and closed at a narrow loss of 0.094 points to 78.850 as investors examined the Federal Reserve‘s latest policy statement that left current interest rates unchanged. Central bank leaders held the federal funds rate at between one-quarter and one-half …

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June 14 Market Close: GCI Barely Nudges Up as Britain EU Vote, Central Banks Mute Markets

The GovCon Index rallied late Tuesday afternoon and ended at a narrow gain of 0.033 points to 78.945 as global investors held back over the U.K.’s potential European Union exit and also started to watch world central bank meetings. CACI International (NYSE: CACI) rose after the Air Force announced the services provider as the …

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June 13 Morning Report: GCI Posts 4th Straight Weekly Gain on Strong Defense Contractor Stocks

The GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase. Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) helped drive the Index’s …

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June 10 Market Close: GovCon Index Down, Notches 4th Straight Weekly Gain Ahead of Fed’s Midweek Summit

The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent …

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June 9 Market Close: GovCon Index Flat, US Stocks Post Little Change in Investor Outlook Reset

The GovCon Index attempted an afternoon reversal from its morning decline Thursday and closed at a nominal loss of 0.004 points to 80.493 as U.S. investors paused their recent stretch of optimism before the Federal Reserve‘s policy meeting next week and other key events to gauge the global economy. Thursday ends the …

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June 8 Market Close: GCI Hits 80, Extends Gain Streak to 6th Day as HII & L-3 Hit 52-Week Highs

The GovCon Index held positive for a sixth consecutive full trading session Wednesday with a gain of 0.751 points to 80.497 and achieved its first close above 80 points in 16 months. A weakening dollar helped lift U.S. stocks and multinational corporations in particular as commodities such as copper, gold and …

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Army Taps Boeing for $667M Apache Helicopter FMS Contract With Qatar

Boeing (NYSE: BA) has received a potential four-year, $667.5 million contract from the U.S. Army to deliver 24 AH-64E Apache helicopters and related equipment to Qatar as part of a foreign military sales agreement. The company will perform work in Mesa, Arizona, through May 31, 2020, under the fixed-price-incentive contract and …

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Northrop Lands $600M MDA Contract Modification for Missile Defense System Technical Services

Northrop Grumman (NYSE: NOC) has been awarded a 20-month, $600 million contract modification by the Missile Defense Agency to continue providing technical integration and operational support services for the U.S. ballistic missile defense system. The Defense Department said Tuesday the modification increases the contract’s total value to $3.85 billion and extends Northrop’s services through …

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June 6 Morning Report: GovCon Index Posts Narrow Friday Gain on May Jobs Data

The GovCon Index closed Friday with a narrow gain of 0.091 points to 79.018 for its third consecutive week in positive territory as the Labor Department reported May jobs data below expectations. According to CNBC, analysts have also indicated that the Federal Reserve could implement a 54-percent increase in the interest rate as …

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June 3 Market Close: GovCon Index Holds Marginally Up Against US Stock Declines

The GovCon Index recorded a narrow gain of 0.091 points to 79.018 Friday to post its third consecutive weekly rise as U.S. markets showed caution after the May payrolls report showed 38, 000 jobs created in May to fall well short of economist forecasts. According to CNBC, analysts expected the Labor Department …

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