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Tag Archives: stocks

GovCon Wire Editor Ross Wilkers Discusses Defense 1Q Earnings Season on ‘National Defense Week’ Radio Program

TYSONS CORNER, VA May 3, 2016 — Ross Wilkers, lead journalist for GovCon Wire and online editor for Executive Mosaic media properties,  was interviewed for a radio segment scheduled to air Sunday morning on first quarter earnings reports from U.S. defense contractors and Wall Street’s current perceptions of the sector. Washington-based WMAL in March …

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June 5 Market Close: GovCon Index, US Stocks Stay Flat After Payroll Data

The GovCon Index hovered in slight positive territory Friday to record a nominal gain of 0.035 points and close at 75.953. U.S. stock markets closed with mixed results Friday after the Bureau of Labor Statistics said nonfarm businesses added 280, 000 jobs in May and the unemployment rate saw little change at 5.5 …

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Harris Signs Deal to Purchase Exelis for $4.75B in Cash, Stock

Melbourne, Fla.-based communications technology maker Harris Corp. (NYSE: HRS) has agreed to purchase defense electronics manufacturer Exelis (NYSE: XLS) in a cash-and-stock transaction with an enterprise value of $4.75 billion, or $23.75 per share, the companies said Friday. The price of the deal — Harris’ largest acquisition in company history — is …

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Carlyle Group’s Booz Allen Ownership Stake to Become 29%

The Carlyle Group will reduce its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 29 percent after the equity and investment firm sold 12 million shares to Morgan Stanley & Co. for approximately $353 billion, or $29.42 per share. Booz Allen said Monday it expects to close and settle the …

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January 6 Market Close: GovCon Index Fall Continues as Factory Report Shows November Downturn

The GovCon Index lost ground Tuesday for a third consecutive trading day as it fell 0.557 points — or 0.814 percent — to close at 69.062. Northrop Grumman (NYSE: NOC), Computer Sciences Corp. (NYSE: CSC) and General Dynamics (NYSE: GD) were the only companies on the index to record gains. Losses in the energy …

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October 16 Morning Report: GovCon Index Enters Day at Half-Percent Decline

The GovConIndex will enter Thursday’s trading day at 62.418 points — down 0.367 points from Wednesday’s figures, or a decline of 0.592 percent. CNBC reports that more economic data will become public on Thursday, such as the weekly jobless claims numbers,  industrial production figures, the Philadelphia Federal Reserve survey and the National Association of …

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October 14 End of Day Report: GovCon Index Ticks Up

The GovConIndex sat at 63.082 Tuesday afternoon — approximately 1.27 percent above Monday’s closing figure — as the three major stock indices slowly lost gains from earlier in the trading day. Twenty-five companies in the GovConIndex were slated to close with increases from Monday’s trading day, four firms were in the negative …

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Executive Mosaic Launches GovConIndex

Executive Mosaic Inc. has launched the Executive Mosaic GovConIndex; a composite index that tracks 30 of the leading publicly traded Government Contracting (GovCon) Companies. The goal of the index is to measure the health and performance of the GovCon industry through changes in the aggregate price of the component stocks. The represented …

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