Posts from GovConDaily for 12/17/2014

December 17 Market Close: GovCon Index Snaps 3-Day Skid, Fed Sends Interest Rate Signal

The GovCon Index ended its stretch of three consecutive days of losses with a gain of ________ points to close at ______ on Wednesday. Investors reacted to the Federal Reserve’s addition of the phrase “considerable time” in its latest policy statement and comments from Fed Chair Janet Yellen that the central bank will likely not raise interest rates for the next several meetings, according to CNBC…

Dr. Ray O. Johnson to Speak at University of Maryland Graduation

Dr. Ray O. Johnson, a senior vice president and chief technology officer at Lockheed Martin, will give a speech to graduating computer, mathematics and natural science students at the University of Maryland…

Lockheed, Raytheon Assess GPS III Operational Readiness; Matthew Gilligan, Mark Stewart Comment

Lockheed Martin and Raytheon have jointly tested the command and control features of the U.S. Air Force‘s GPS III satellite during a fourth launch readiness exercise. The companies demonstrated automatic data transfer between the Lockheed-built satellite and a Raytheon-made operational control system, Raytheon said Wednesday…

Bob Ciesla: Boeing’s Future Missouri Composites Hub Eyes Commercial, Military Coverage

Construction has begun on Boeing‘s new facility in St. Louis that will house composite manufacturing operations for the 777x commercial aircraft and potentially generate 700 jobs for the community…

Northrop, Coast Guard, Navy Demo Fire Scout on Cutter Ship; George Vardoulakis Comments

Northrop Grumman, the U.S. Coast Guard and Navy demonstrated an unmanned helicopter off the coast of Naval Base Ventura County on Dec. 5, Point Mugu. Navy and Coast Guard personnel controlled the MQ-8B Fire Scout unmanned helicopter while onboard the USCGC Bertholf national security cutter, Northrop said Tuesday…