Textron (NYSE: TXT) reported third quarter earnings below Wall Street’s expectation Thursday on restructuring costs and lower commercial deliveries in its Bell Helicopter segment. GovCon Index-S&P 500 company Textron reported $0.61 earnings per share versus the $0.67 analyst consensus with third quarter EPS ex...
Northrop Grumman (NYSE: NOC) has secured a potential one-year, $35.8 million contract from the U.S. Navy to implement risk reduction efforts for the future MQ-25 unmanned carrier aviation air system. The Defense Department said Wednesday the company will work to refine concepts and develop trade space ahead of the engineering and...
Executive Mosaic’s GovCon Index closed at a slight loss Wednesday to show a fourth session of tight movement over the last five on mixed activity in its large-cap members as U.S. stocks rode gains by energy producers on a 15-month high settlement in crude oil prices. GovCon Index laggers slightly edged gainers and...
TYSONS CORNER, VA, Oct. 17, 2016 ” A subsidiary of Northrop Grumman (NYSE: NOC) will provide the T6 Radio and other air traffic control communications equipment to airports in South Africa under a subcontract from prime contractor AME Air Traffic Management, ExecutiveBiz reported Friday. Northrop said Thursday Park Air ...
Executive Mosaic’s GovCon Index remained flat Friday with an equal number of advancing and declining issues amid U.S. stock market gains on bank earnings reports from Citigroup, Wells Fargo and Goldman Sachs. Huntington Ingalls Industries (NYSE: HII) is the GCI’s top net gainer and Vectrus (NYSE: V...
Executive Mosaic’s GovCon Index held flat Friday despite gains in the larger U.S. stock market on positive bank earnings reports and Federal Reserve Chair Janet Yellen’s comment that the country may be able to handle a “high pressure” economy with a tight labor market. Friday’s gain wa...
The State Department has approved Kuwait™s request to buy gap-filler radars and related support from the U.S. government under a potential $194 million foreign military sales agreement. Kuwait asked to procure six gap-filler or short-range radars and a long-range radar as well as services to support updates to the AN/FPS 117 (V)3 long...
Executive Mosaic’s GovCon Index pared much of its losses during afternoon trade Thursday but failed to close in green as Cubic Corp. (NYSE: CUB) tumbled after the company warned full-year earnings and revenue would fall below prior guidance on funding delays from the Defense Department. GovCon Index gainers slightly edged laggers aft...
Tina Kuhn, a former senior vice president at Sotera Defense and 33-year GovCon sector veteran, has joined cybersecurity services contractor CyberCore Technologies as president and CEO. CyberCore said Wednesday Kuhn’s industry career includes leadership, executive management, operations management, business development and...
Executive Mosaic’s GovCon Index held higher Wednesday on gains by Huntington Ingalls Industries (NYSE: HII) and Honeywell International (NYSE: HON) as the U.S. stock bellwether S&P 500 index showed little change with the Federal Reserve‘s September meeting minutes the main focus of investor attention. GovCon ...
