Tag Archives: textron

July 28 Market Close: GovCon Index Rides 3-Digit Dow Rally, Energy Leads US Stock Gains

The GovCon Index snapped a five-day streak of losses Tuesday with a rebound of 1.244 percent to close at 75.127 on a day that saw the major U.S. stock indices record gains of nearly similar margins. Energy shares were the largest gainers in the S&P 500 at a 3-percent jump for …

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July 9 Market Close: GovCon Index, US Stocks Rebound Ahead of Greek Proposal Deadline

The GovCon Index bounced back from the prior day’s losses on Thursday to close at a gain of 0.572 points and end at 74.650. Financial shares recovered ground from Wednesday’s declines as investors waited to see if Greece would meet its Thursday midnight deadline to give European leaders a plan for spending …

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Reuters: Lockheed, Textron Final Bidders for UTC’s Sikorsky Helicopter Arm

United Technologies (NYSE: UTX) is mulling offers from Lockheed Martin (NYSE: LMT) and Textron (NYSE: TXT) to purchase UTC’s Sikorsky Aircraft subsidiary, Reuters reported Wednesday. Andrea Shalal and Mike Stone write UTC may reach a decision on the offers by the end of the month or could decide instead on a tax-free spinoff …

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Gregory Hayes: UTC to Decide on Sikorsky Spinoff or Sale Move in ‘Coming Weeks’

United Technologies Corp. (NYSE: UTX) will leave the helicopter manufacturing business through a separation of its Sikorsky Aircraft business in a move UTC expects to complete by the end of its third quarter. “Over the coming weeks, we’ll determine whether a spinoff or direct sale is the best way to enhance Sikorsky’s long-term success …

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June 10 Market Close: GovCon Index Rises 1%, Bank Gains Lift US Market

The GovCon Index bounced back from a two-day stretch of losses Wednesday to record a gain of 1.675 percent — or 0.944 points — and close at 76.252. U.S. stocks rose with banks and financial stocks as among the drivers of Wednesday’s trading activity and investors also cheered news that Greece and …

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Reuters: Textron Interested in Merger With Sikorsky

United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary received a merger offer from Textron (NYSE: TXT) earlier this month, Reuters reported Tuesday. Reuters cites unnamed sources that say UTC is in the process of examining whether to spin off Sikorsky or merge the business with Textron through a tax-free transaction. …

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May 6 Market Close: GovCon Index, US Stock Losses Deepen on Job Estimates

The GovCon Index declined for the second consecutive day Wednesday to record a loss of 0.155 points and close at 73.147. Health Net (NYSE: HNT) led gainers in the Index at 1.81 percent after the company reported a 28-percent revenue increase year-over-year for its fiscal year 2015 first quarter. U.S. …

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April 28 Market Close: GovCon Index Rebounds, US Investors Await Fed Meeting

The GovCon Index ended a three-day streak of declines Tuesday to record a gain of 0.226 points and close at 75.530. U.S. markets traded downward during the morning session but recovered during the afternoon as investors prepare to digest news from the Federal Reserve‘s two-day meeting that starts Tuesday, according …

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April 16 Market Close: GovCon Index Stuck in Neutral, US Stocks Dip

The GovCon Index recorded a nominal gain for the second consecutive trading day to the tune of 0.064 points for a closing figure of 76.092. U.S. stocks saw nominal losses despite gains in the oil market during the afternoon session and positive earnings reports from financial services firms Citigroup and Goldman Sachs, the …

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State Dept OKs $952M Helicopter, Missile Sale to Pakistan

The State Department has approved Pakistan’s request to purchase Viper attack helicopters and Hellfire missiles from the U.S. under a potential $952 million foreign military sales agreement. Pakistan will use the precision strike aircraft and weapons to carry out counterterrorism and counter-insurgency operations in the North Waziristan Agency, federally-administered tribal areas …

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