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Tag Archives: rtn

State Dept OKs $140M Sale of Raytheon Seasparrow Missiles & Services to Chile

The State Department has approved Chile’s request to acquire $140.1 million in Raytheon (NYSE:RTN)-manufactured Evolved Seasparrow Missiles and related services from the U.S. government under a foreign military sales agreement between both countries. The Defense Security Cooperation Agency said Tuesday Raytheon, BAE Systems and Lockheed Martin (NYSE:LMT) will serve as principal contractors …

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July 5 Market Close: GovCon Index Lower as Oil Declines, Brexit Uncertainty Return to Markets

Executive Mosaic’s GovCon Index held lower to start July’s first full trade week Tuesday as U.S. stocks stumbled on a decline in crude oil prices that weighed on energy stocks and new investor uncertainty over Britain’s June 23 vote to leave the European Union. The GovCon Index ended its four-day gain …

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Reuters: Poland Nears Completion of Potential $5B Raytheon Missile Defense System Contract

Poland has made progress in its work to complete a potential $5 billion contract with Raytheon (NYSE: RTN) for the company’s air and missile defense system, Reuters reported Monday. Marcin Goettig writes the acquisition of the Patriot missile systems will support Warsaw’s large-scale army modernization program. “Raytheon has agreed to our minimal condition …

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June 28 Market Close: GovCon Index Shows Rebound as Markets Attempt Reversal From Brexit Shock

Executive Mosaic’s GovCon Index received a modest boost Tuesday from attempts by U.S. and global equity markets to shake off a two-day rout spurred by Britain’s vote to leave the European Union with help from strong activity in McKesson Corp. (NYSE: MCK) and Honeywell (NYSE: HON). The GovCon Index gained 0.725 points to 76.502 as the …

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June 27 Market Close: GovCon Index Plunge Deepens on Post-Brexit Fallout’s Second Day

The GovCon Index lost two full percentage points for a second consecutive trading session Monday as global financial markets continued to indicate investor concerns over the prospects of Britain’s vote Thursday to leave the European Union. Executive Mosaic‘s GovCon Index closed down 2.004 percent to 75.777 with Vectrus (NYSE: VEC) and Northrop Grumman …

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June 27 Morning Report: Raytheon Lone Gainer as GovCon Index Drops After Brexit Vote

The GovCon Index closed Friday with its worst one-day percentage decline in 2016 at 2.805 percent to 77.327 on the heels of Britain’s vote to leave the European Union. The referendum vote impacted financial markets worldwide, with the Index capping the week at a 1.175-percent loss while the S&P 500 composite index dropped 3.6 percent Friday …

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June 24 Market Close: GovCon Index Plummets on Brexit Vote Fallout, Raytheon Lone Gainer

The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent …

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June 23 Market Close: GCI Up, CACI Guidance Miss & Downgrade Weigh as Markets Bet Against Brexit

The GovCon Index lifted Thursday on U.S. investor speculation that Britain would vote in its referendum to remain in the European Union but felt some downward pressure from a guidance miss by CACI International (NYSE: CACI) and a subsequent downgrade on the stock. Executive Mosaic‘s GovCon Index of 30 publicly traded contractors rose 0.365 points …

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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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