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Tag Archives: spending

Raytheon-UTC Deal Comes as DoD Eyes New Priorities; Pierre Chao Offers Insight on M&A Trend

The planned merger between Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) comes as the aerospace-and-defense sector anticipates slower growth in the Department of Defense’s spending and as DoD sets its sights on hypersonic missiles, space systems and other new priorities, The Wall Street Journal reported Wednesday.

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December 31 & 2016 Market Close: GovCon Index Lower, Ends at 16% YTD Gain

Executive Mosaic’s GovCon Index retreated Friday in the final trading session of 2016 to close a negative December but but a positive year on a boost to defense stocks in the post-election rally that has swept through U.S. markets. The GovCon Index closes 2016 with a year-to-date gain of 16.73 percent as the U.S. stock …

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Lockheed Down 5% at Midday, GovCon Index 2% Lower After Trump’s F-35 Twitter Criticism

Shares in Lockheed Martin (NYSE: LMT) traded down approximately 5 percent as noon Eastern time approached Monday after President-elect Donald Trump criticized the F-35 Joint Strike Fighter program on Twitter in the early morning hours. “The F-35 program and cost is out of control. Billions of dollars can and will …

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November 14 Market Close: GovCon Index Posts 4th Straight 1%-Plus Gain, AECOM Surges on CEO’s Infrastructure Comments

Executive Mosaic’s GovCon Index added at least 1 full percent for a fourth consecutive session Monday to new all-time high as defense primes continued to lead gainers and construction company AECOM (NYSE: ACM) also climbed after its CEO offered investors a positive outlook on U.S. infrastructure spending. GovCon Index gainers outnumbered …

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Byron Callan: 5 Defense Firms Collectively Spent $4B on R&D Projects in 2013

Data compiled by Capital Alpha Partners analyst Byron Callan shows that five U.S. defense firms collectively spent $800 million more on research and development last year than they did in 2012, C4ISR & Networks reported Wednesday. The publication reports that Boeing (NYSE: BA), L-3 Communications (NYSE: LLL), Lockheed Martin (NYSE: …

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Deltek’s John Slye: Proposed FY 2015 Federal Budget Highlights Agencies’ ‘Must-Have’ Investments

Deltek has published a report stating that agencies’ fiscal 2015 spending request figures indicate a growth in programmatic efforts throughout the government. The “FY 2015 Federal Budget Request: Challenges and Opportunities” report offers a look at contractor-addressable budgets and seeks to help industry plan strategies for business development, Deltek said …

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Deltek’s Chris Dixon: Local CIOs Report IT Spending Increases

A study conducted by Deltek and the Public Technology Institute indicates positive signs of recovery for local government spending on information technology, the Washington Post reported Monday. Chris Dixon, a Delter senior manager of state and local industry analysis, writes 235 responses were collected from city and county IT executives, who …

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