The State Department has cleared a potential $401.3M foreign military sale of follow-on contractor logistics support for the U.K. government's C-17 Globemaster III transport aircraft.
Read More »Advent International to Acquire Cobham for $5B
Private equity firm Advent International has agreed to pay approximately $4.99B, including debt, for U.K.-based aerospace and defense contractor Cobham, Financial Times reported Wednesday. The price of the deal represents a premium of nearly 35 percent over the Wednesday closing stock price of Cobham.
Read More »Tina Kuhn, President and CEO of Cybercore Technologies, Announced as a Panelist for Potomac Officers Club’s 2019 Secure Supply Chain Forum on July 18th
Tina Kuhn, president and chief executive officer of Cybercore Technologies, will be featured as a panelist during Potomac Officers Club’s 2019 Secure Supply Chain Forum on July 18th. Register now for the forum right here.
Read More »L3 Technologies Forms International Boards to Enhance Commercial, Military Businesses
TYSONS CORNER, VA, Jan. 8, 2018 — L3 Technologies (NYSE: LLL) has created international boards in an effort to support its commercial and military businesses in Australia, Canada and the U.K., GovCon Executive reported Friday. L3 executives Alan Titheridge, Richard Foster and Ronald Cook will oversee each organization established to develop and implement strategic …
Read More »December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions
Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …
Read More »August 5 Market Close: GovCon Index, S&P 500 Hit Record Closes on July Jobs Numbers
Executive Mosaic’s GovCon Index hit a new all-time high and had its best day in nearly two months Friday and the U.S. stock bellwether S&P 500 composite index also closed at a record after the latest jobs report far exceeded economists’ expectations for the second straight month. The GovCon Index rose 0.535 points to 82.835 …
Read More »Maximus Cuts Revenue Outlook on UK Pound Headwinds, Lifts FY 2016 Earnings Guidance on 3Q Beat
Maximus (NYSE: MMS) cut its revenue forecast for the government health and human services contractor’s 2016 fiscal year ending September 30 on an expectation of continued weakening in the U.K.’s pound since Britain’s June 23 vote to leave the European Union. Reston, Virginia-based Maximus now expects sales in the $2.37 billion-$2.4 billion range from …
Read More »UK Govt Unveils New Boeing Defense Purchases, Aerospace R&D Partnership Pacts
The U.K. government and Boeing (NYSE:BA) have announced a set of defense-related pacts that cover sales of maritime patrol aircraft and attack helicopters to the country’s military, added research-and-development spending and initiatives to create new aerospace jobs in Britain. In a series of statements Monday, the U.K.’s defense ministry said it will …
Read More »July 6 Market Close: GovCon Index Lifts as Fed Minutes Show Rate Hike Caution
Executive Mosaic’s GovCon Index turned around its decline in morning trade Wednesday and held higher in the afternoon session as U.S. investors welcomed new Federal Reserve meeting minutes that indicated some caution among central bank leaders on the next interest rate increase. The GovCon Index gained 0.610 points to 79.820 with 10 of the GCI’s …
Read More »Weekly Roundup June 27 – July 1 2016: Defense Prime Stocks Soar Post-Brexit & more
June 27 – July 1 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson As massive the selloff was in global financial markets in the wake of June 23’s “Brexit” vote in the U.K., so was the reversal in equities after investors took a deep breath …
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