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Tag Archives: textron

Neil Albert Named ACT I President; Michael Niggel Comments

Neil Albert, formerly president and CEO of McLean, Virginia-based professional services contractor MCR, has joined Advanced Concepts and Technologies International as president. Albert will be responsible for the Arlington, Virginia-based government acquisition support services provider’s business development, growth strategy and financial performance in his new role, ACT I said Tuesday. ACT I …

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Report: Defense Companies Plan Capital Expenditures Amid Rise in DoD Contracts

Some contractors have expressed plans to increase their investments in production capacity and facilities in fiscal year 2018 and in the next few years as the Defense Department starts to ramp up contract obligations, USNI News reported Wednesday. Jason Aiken, chief financial officer at General Dynamics (NYSE: GD), told analysts …

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October 30th Morning Report: GovCon Index Down For The Week, Stock Market Up

The Executive Mosaic GovCon Index (GCI) closed Friday down 1.62 points or 1.47 percent from Monday’s open, settling at 108.162. McKesson Corp. was down 5.52 percent for the day at Friday’s close. The three major indices all advanced Friday with the S&P500 and NASDAQ Composite reaching new highs. The S&P500 closed up 0.81 …

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October 27th Market Close: GovConIndex Closes Down as S&P500 and NASDAQ Composite Set New Highs

The Executive Mosaic GovCon Index (GCI) continued to drop for the fifth consecutive day to close at 108.162 off 0.03 percent with the McKesson Corp. down 5.52 percent on the day. Advancing shares outpaced declining 2 to 1. The three major indices all advanced for the day with the S&P500 and NASDAQ Composite …

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October 24th Market Close: GovConIndex Closes Down and Major Indices Close Up

The Executive Mosaic GovCon Index (GCI) continued its second day of downward direction to close at 109.620 off 0.007 percent with advancing and declining shares evenly split. The three major indices all advanced for the day as the DJIA set new record highs. Investors responded positively to encouraging earnings reports. The S&P500 closed up …

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State Dept OKs $575M UH-1Y Helicopter Sale to Czech Republic

The State Department has cleared Czech Republic’s request to buy 12 UH-1Y utility helicopters and related equipment and services from the U.S. government under a potential $575 million foreign military sales agreement. Textron’s (NYSE: TXT) Bell Helicopter subsidiary and General Electric (NYSE: GE) will act as principal contractors in the proposed FMS transaction …

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Executive Mosaic’s Weekly GovCon Round-up: Insights from Secretary of the U.S. Air Force Heather Wilson, USAF Contracts

Weekly Roundup October 16 – October 20 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Secretary of the Air Force Heather Wilson’s remarks from Potomac Officers Club Space Summit Air Force taps Orbital ATK for rocket motor tech IDIQ contract Pratt & Whitney lands potential $2.7B Air …

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October 12th Market Close: GovConIndex Closes Up Reverse to the Major Indices Closing Down

The Executive Mosaic GovCon Index (GCI) moved upward to close at 109.761, up 0.376 percent with advancing shares outpacing declining 21 to 8. The three major indices all closed negative with the S&P500 down 0.17 percent to 2,550.93, while the DJIA closed at 22,841.01 off 0.14 percent, and the NASDAQ Composite declined 0.18 …

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October 10th Market Close: GovConIndex and Major Indices Close Up

The Executive Mosaic GovCon Index (GCI) advanced to a new record, to close up 0.316 percent to 109.332 with advancing shares outpacing declining 3 to 1. The major markets all closed to the positive with the DJIA reaching a new high of 22,830.68 up 0.31 percent, while the S&P500 gained 0.23 percent to 2,550.643, and …

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October 4th Market Close: GovConIndex and Major Indices Continue to Rise to New Highs

The Executive Mosaic GovCon Index (GCI) continued its fourth consecutive day of gains, up 0.97 percent, setting another record mark of 108.723 with advancing shares slightly outpacing declining 18 to 12. The markets continued their positive direction, once again reaching new record highs. The S&P500 closed with its seventh consecutive day of gains, up 0.12 …

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