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Tag Archives: rtn

November 9 Intraday Special Report: GovCon Index Up 4% & Surging Toward Largest One-Day Climb, Defense Primes Pace Gains

As of 11:15 a.m. Eastern time, Executive Mosaic’s GovCon Index is trading up 4 percent and on pace to record its largest one-day gain since its October 2014 inception as investors have snapped up shares in large defense primes after the upset victory by Donald Trump in the U.S. presidential …

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November 8 Market Close: GovCon Index, US Stocks Move Green on Election Day

Executive Mosaic’s GovCon Index traded higher in conjunction with advances by U.S. stocks Tuesday as citizens cast their votes and investors looked for clues on the election’s final result. GovCon Index advancers outnumbered decliners at a 2-to-1 ratio and seven of its 11 S&P 500 companies moved green with General Dynamics (NYSE: GD) …

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Raytheon’s Dave Wajsgras: Cyber Tech, Workforce Essential to Prepare Against Potential Cyber War

TYSONS CORNER, VA, Nov. 8, 2016 — Dave Wajsgras, president of Raytheon‘s (NYSE: RTN) intelligence business segment, has said that the cyber workforce is as important as new technology in protecting the country from potential cyber threats and in event of a cyberwar, ExecutiveBiz reported Monday. “As cyber becomes even more …

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November 7 Market Close: GovCon Index Posts 2% Election Eve Rally as Markets Gain Vote Certainty

Executive Mosaic’s GovCon Index recorded its best one-day gain in seven weeks Monday with a 2-percent gain that mirrored across-the-board rallies by U.S. stocks as investors welcomed the FBI‘s weekend letter to reiterate the agency’s stance that Hillary Clinton’s email usage was not a crime. The U.S. stock bellwether S&P 500 composite index also barely …

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November 7 Morning Report: GovCon Index Enters Election Eve on 6-Week Losing Streak

Executive Mosaic’s GovCon Index enters the eve of the U.S. presidential election on a six-week streak of declines with Friday’s close at 78.088, up 0.024 points from Thursday. Both the GCI and U.S. stock market at-large have felt effects of election-related uncertainty among investors over the past month with frequent swings …

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November 4 Market Close: GovCon Index Stuck in Neutral, Posts 6th Straight Negative Week as Election Draws Closer

Executive Mosaic’s GovCon Index gave back most of its morning gains Friday to close in narrow range on mixed large-cap stock performances and register its sixth straight weekly decline. Friday afternoon trading activity saw the GCI reset itself with the larger U.S. financial market as investors watched for new election-related developments and gauged the …

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October 31 Market Close: GovCon Index Closes in Tight Range, Ends October Decline to Start New Earnings Week

Executive Mosaic’s GovCon Index traded in tight range Monday to record its third straight monthly decline with a second week of quarterly financial reports from GCI companies set to begin Tuesday morning. U.S. stocks also struggled for direction Monday in the start of the final full trading week before the presidential election …

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Raytheon Finishes Renovation of Indianapolis Systems Modernization, Sustainment Facility

TYSONS CORNER, VA, Oct. 31, 2016 — Raytheon (NYSE: RTN) has unveiled its newly renovated systems modernization and sustainment facility in Indianapolis during a ribbon-cutting ceremony held Thursday, ExecutiveBiz reported Friday. The renovation project gave the building a facelift and internal updates in an effort to support 250 new jobs, WTHR reported …

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L-3 Signals More Acquisitions This Year, CACI & Raytheon Pivot to Organic Growth Focus

Differing acquisition strategies among government services contractors and defense primes became a main discussion topic analysts raised in earnings calls Thursday morning with three GovCon companies that stated financial results. L-3 Communications (NYSE: LLL) hinted it could make more acquisitions this year with three announced already so far, while CACI International (NYSE: CACI) and Raytheon (NYSE: RTN) all signaled …

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UK Air Force Awards Raytheon $159M Contract Extension for Surveillance Aircraft Support Services

The U.K.-based subsidiary of Raytheon (NYSE:RTN) has secured a five-year, $159.3 million contract extension from the British air force to manage support services for the country’s Sentinel surveillance aircraft fleet. Raytheon said Friday it will optimize the design, modification, configuration management and support activities on Sentinel aircraft at the air station in Waddington and at a …

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