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Tag Archives: UK

June 29 Market Close: GovCon Index Extends Post-Brexit Shock Reversal as Primes Lead Surge

Executive Mosaic’s GovCon Index staged a second consecutive session of recovery Wednesday from the post-Brexit shock that loomed over global financial markets during the prior two trading days with McKesson Corp. (NYSE: MCK) as the top driver of gains with the prime defense stocks and platform also top performers. The GovCon …

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June 28 Market Close: GovCon Index Shows Rebound as Markets Attempt Reversal From Brexit Shock

Executive Mosaic’s GovCon Index received a modest boost Tuesday from attempts by U.S. and global equity markets to shake off a two-day rout spurred by Britain’s vote to leave the European Union with help from strong activity in McKesson Corp. (NYSE: MCK) and Honeywell (NYSE: HON). The GovCon Index gained 0.725 points to 76.502 as the …

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June 24 Market Close: GovCon Index Plummets on Brexit Vote Fallout, Raytheon Lone Gainer

The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent …

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June 20 Market Close: GCI Soars 1%, Stocks With UK Presence Lift as Markets View Britain’s EU Exit as Unlikely

The GovCon Index started the week of Britain’s vote on whether to stay in the European Union on the front foot with a Monday gain of 1.192 percent to 79.289 as global investors took positions that the U.K. public will vote against the “Brexit.” BAE Systems PLC‘s over-the-counter listing in the U.S. closed …

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June 14 Market Close: GCI Barely Nudges Up as Britain EU Vote, Central Banks Mute Markets

The GovCon Index rallied late Tuesday afternoon and ended at a narrow gain of 0.033 points to 78.945 as global investors held back over the U.K.’s potential European Union exit and also started to watch world central bank meetings. CACI International (NYSE: CACI) rose after the Air Force announced the services provider as the …

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Lockheed Receives Work on UK Desert Hawk Core Support Program

TYSONS CORNER, VA September 18, 2015 — The British defense ministry has picked Lockheed Martin (NYSE: LMT) to help transition the Desert Hawk unmanned aerial system to become part of the U.K.’s core defense platform. Lockheed said the contract comes amid a growing need for drones in changing environments and a $250 …

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Richard Montoni: MAXIMUS to Add Healthcare Workers for UK Benefits Assessment Contract

MAXIMUS‘ (NYSE: MMS) U.K. subsidiary has been selected for a potential five-year contract to assess individuals in the country that apply for disability benefits. The U.K.’s department for work and pensions will use MAXIMUS’ assessment results to determine an applicant’s eligibility to various health and disability benefits, the company announced Thursday. Reuters first reported …

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BAE Systems to Build Offshore Patrol Ships for U.K. Royal Navy

BAE Systems has won a $581 million contract to develop three offshore patrol vessels for Britain’s Royal Navy, Reuters reported Tuesday. Sarah Young writes the U.K. government intends for the ships to support counter-terrorism, counter-piracy and anti-smuggling missions. BAE Systems’ 800 shipbuilders will build the vessels at its shipyards on the …

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Capita, PA Consulting, URS to Manage UK’s Defense Estate Under $670M Contract

A team comprising of Capita,  PA Consulting and URS Corp. (NYSE: URS) will provide management services to the U.K. defense ministry’s national and international estate under a 10-year, $670 million contract. Companies will work to oversee training facilities, allocate housing for service personnel and account for the assets under the 10-year contract for the ministry’s …

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Ian Copeland to Head DynCorp’s UK Arm; Chris Bernhardt Comments

Maj. Gen. Ian Copeland, who retired from the British army earlier this year, has joined DynCorp International as U.K. managing director as the company aims to expand in Britain, the company said Thursday. Chris Bernhardt, DynCorp president, said the company intends to leverage its experience in maintaining military aircraft and …

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