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Tag Archives: SAIC

October 10 Market Close: GovCon Index Lifted on Boeing & Services Gains as US Stocks Ride Oil Bounce

Executive Mosaic’s GovCon Index returned above the 80-point barrier Monday on strong gains by Boeing (NYSE: BA) and services-oriented companies as energy shares led U.S. stocks higher in conjunction with a rise in crude oil prices. GovCon Index gainers outnumbered laggers at a 6-to-1 ratio but five of its 11 S&P 500 components …

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BAE, SAIC Amphibious Combat Vehicle Prototypes to Undergo Tests in 2017

TYSONS CORNER, VA, Sept. 30, 2016 — The Amphibious Combat Vehicle prototypes submitted by BAE Systems and Science Applications International Corp. (NYSE: SAIC) are scheduled to undergo tests by the U.S. Marine Corps in 2017, ExecutiveBiz reported Thursday. Marine Corps Times reported Tuesday the service branch will choose one contractor by 2018 to …

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SAIC Wins Potential $383M Navy Contract for MK 48 Torpedo Components

Science Applications International Corp. (NYSE: SAIC) has won a potential four-year, $383.1 million contract to produce MK 48 Mod 7 heavyweight torpedo components for the U.S. Navy. The Naval Sea Systems Command awarded the firm-fixed-price, cost-plus-fixed-fee contract through a competitive procurement process with two proposals received, the Defense Department said Thursday. …

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September 28 Market Close: GovCon Index, US Stocks Move Green in PM Trade on Oil Supply Cut Reports

Executive Mosaic’s GovCon Index turned positive in mid-afternoon trade Wednesday along with U.S. stocks after reports surfaced that major oil producing countries reached an agreement to limit global supply with more details due in November. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and eight of its 11 S&P 500 companies …

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SAIC to Support IT Systems Installation at Future Air Force C2 Facility

TYSONS CORNER, VA, Sept. 28, 2016 — Science Applications International Corp. (NYSE: SAIC) will provide technical engineering and installation support for a future command-and-control facility of the U.S. Air Force in Nebraska under a $47 million task order, ExecutiveBiz reported Tuesday. The company said Tuesday it will help the Space and Naval Warfare Systems …

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Assured Enterprises Names DoD, GovCon Vet Joe Kelly Federal Sector Operations VP

Joe Kelly, a 25-year Defense Department and 15-year government contracting veteran, has joined cybersecurity services company Assured Enterprises as vice president of federal sector operations. Assured said Tuesday Kelly formerly served as acting chief information officer for the Privacy and Civil Liberties Oversight Board — an independent agency within the executive branch that works …

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September 27 Market Close: GovCon Index Lifted By Defense Tech Maker Gains, Fitch Ratings Backs Sector

Executive Mosaic’s GovCon Index rebounded Tuesday on gains by defense technology makers as U.S. stocks also rose with jumps by technology and retail shares in conjunction with investor optimism on new consumer confidence data. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and all 11 of its S&P 500 companies advanced as co-listed stocks represented seven of …

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September 26 Morning Report: GovCon Index Registers Weekly Gain on Fed’s Interest Rate Decision

Executive Mosaic’s GovCon Index closed Friday with a decline of 0.495 percent to 81.375 but posted a weekly gain of 2.57 percent after the Federal Reserve decision Wednesday to maintain current interest rates. The GCI’s S&P 500-listed companies and other large defense contractors helped drive gains, with Northrop Grumman (NYSE: NOC) as the top net performer Friday …

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September 23 Market Close: GovCon Index Rally Halted, Posts Weekly Gain as Energy Weighs on US Stocks

Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed companies and other large defense platform makers among the drivers of gains as …

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Weekly Roundup September 19 – September 23 2016: KBR Becomes Major Govt Services Player & more

September 19 – September 23 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson KBR’s expansion move into the U.S. and global government services markets became official on Monday when the Houston-based engineering company closed its $300 million purchase of the business known as …

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