The GovCon Index closed Friday with a 0.435-point decline to 78.356 and posted a loss of 1.97 percent for the week to record a third consecutive trading day in the negative and break the Index’s four-week streak of gains. GCI’s performance comes as the Federal Reserve indicated that the upcoming referendum v...
The GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase. Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Nort...
The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent to record its f...
Boeing (NYSE: BA) has received a potential four-year, $667.5 million contract from the U.S. Army to deliver 24 AH-64E Apache helicopters and related equipment to Qatar as part of a foreign military sales agreement. The company will perform work in Mesa, Arizona, through May 31, 2020, under the fixed-price-incentive contract and the Army Contrac...
The GovCon Index kicked off the first full trading week of June on a positive note with a gain of 0.516 points to 79.534 as U.S. markets appeared unmoved by Federal Reserve Chair Janet Yellen’s hint at further interest rate increases this year. Yellen told an audience at the World Affairs Council of Philadelphia the central bank...
A business unit of L-3 Communications (NYSE: LLL) has won a nine-year, $1.9 billion contract to provide contractor logistics support for Boeing-built (NYSE: BA) KC/KDC-10 in-air refueling aircraft flown by the U.S. Air Force. The Defense Department said Wednesday L-3’s Vertex Aerospace business will operate and maintai...
A Boeing (NYSE: BA) subsidiary has landed a potential $3.2 billion contract modification from the U.S. Air Force for Joint Direct Attack Munition tailkits. Boeing’s defense space and security business will supply JDAM strap-on inertial guidance tailkits designed to receive GPS guidance updates for conventional inventory bom...
United Launch Alliance has been awarded a $138.7 million contract modification to produce an Atlas V 541 launch vehicle system for the U.S. Air Force. The Defense Department said Tuesday the modification covers Atlas V rocket configuration and mission specific items for the service branch’s fou...
The GovCon Index posted a decline of 0.398 points to 78.106 Tuesday on losses by Boeing (NYSE: BA) and other large defense prime contractors but ended at a gain for May to record its fourth straight month of positive movement. The Index rose 2.523 percent for May and has climbed 7.763 percent for 2016 compared to the...
Fifteen companies and four universities have shown interest in pursuing a potential 10-year, $2.9 billion contract for management services at the National Nuclear Security Administration‘s Sandia National Laboratories, the Albuquerque Journal reported May 18. Michael Coleman writes that Lockheed Martin (NYSE: LMT) subsidiary San...
