Tag Archives: rtn

December 8 Market Close: GovCon Index Drops on Steep Prime Declines, SAIC Climbs on Earnings Beat

Executive Mosaic’s GovCon Index tumbled Thursday on steep losses among several of its large-cap prime components as U.S. stocks posted a small advance to a new record high close with financial shares the top performers at a 1-percent gain and industrials the largest laggards. Thursday’s decline puts the GCI below 90 points after a …

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4 Companies Win Spots on $47M Army Organizational, Technical Equipment Contract 

The U.S. Army has awarded four companies positions on a potential three-year, $47 million contract that covers organizational, administrative and technical personnel and equipment. The Defense Department said Wednesday contractors will provide staff and equipment to support theater combatant commands, theater special operations commands and other headquarters or command control elements of the Army. The …

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Raytheon to Support DARPA’s Power Grid Cybersecurity Tech R&D Program

TYSONS CORNER, VA, Dec. 6, 2016 — The Defense Advanced Research Projects Agency has awarded Raytheon (NYSE: RTN) multiple contracts worth a total of $9 million to research and develop cybersecurity tools for the U.S. power grid system, ExecutiveBiz reported Monday. Raytheon said Monday it will develop early warning, adversary spoofing detection …

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December 5 Market Close: GovCon Index Hits First 90-Point Close, HII & Services Gains Offset Prime Declines

Executive Mosaic’s GovCon Index closed above the 90-point mark for the first time since its October 2014 inception as Huntington Ingalls Industries (NYSE: HII) and services contractors led gains to offset declines by Northrop Grumman (NYSE: NOC) and other defense primes on a positive day for U.S. stocks. Monday’s strong performance restarts a post-election …

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Lockheed, Raytheon CEOs Highlight Intl Sales Environment Amid Oil Price Headwinds & Incoming Trump Administration

The chief executives of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) described to investors Wednesday their expectations of the foreign military sales environment in light of oil price volatility worldwide and President-elect Donald Trump’s campaign suggestion that U.S. allies contribute more financial resources to their own defense. Both CEOs told …

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November 29 Market Close: GovCon Index Briefly Touches, Closes Short of 90 Points

Executive Mosaic’s GovCon Index ended at an all-time record close for a fourth session over the last five Tuesday and briefly touched the 90-point barrier for the first time in its two-year history during afternoon trade to resume its post-election rally with defense stocks in particular strong performers. The U.S. equity benchmark S&P 500 also climbed …

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November 28 Market Close: GovCon Index Down as Post-Election Rally Pauses

Executive Mosaic’s GovCon Index ended its six-day win streak Monday as U.S. stocks also took a break from the post-election rally after a stretch that saw equities post three straight weekly gains. GovCon Index decliners edged gainers and six of its 11 S&P 500 components advanced with General Dynamics (NYSE: GD) the …

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Raytheon, U-Mass Receive Funds to Develop Flexible Manufacturing Process

TYSONS CORNER, VA, Nov. 28, 2016 — Raytheon‘s (NYSE: RTN) Integrated Defense Systems subsidiary and the University of Massachusetts’ Lowell Nanomanufacturing Center have received a $1.9 million NextFlex grant to support the development of flexible electronic manufacturing, ExecutiveBiz reported Wednesday. The Lowell Sun reported Tuesday that the Raytheon\U-Mass developed process …

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Raytheon Plans to Expand Southern Arizona Missile Systems Business

TYSONS CORNER, VA, Nov. 22, 2016 — Raytheon (NYSE: RTN) plans to expand its missile systems operations and add close to 2, 000 jobs at the business headquarters in Tucson, Arizona, over a five-year period, ExecutiveBiz reported Monday. The company said Friday its job creation, facilities expansion and operational output are …

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November 18 Market Close: GovCon Index Narrowly Green to Close 2nd Straight Weekly Gain

Executive Mosaic’s GovCon Index posted a small gain Friday to register its second consecutive weekly gain on continued positive sentiment among investors toward defense stocks compared to other sectors. U.S. stocks traded lower Friday on healthcare sector declines to continue the slowdown in markets from the post-election rally but the S&P 500 …

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