A Note From Our President & Founder Jim Garrettson
Any thoughts that the start of 2016 would be smooth sailing for U.S. government contracting stocks and financial markets have quickly been cast aside as volatility from 2015’s second half carried into the new year.
The GovCon Index — our composite index of 30 large contractor stocks — has recorded movements of at least a full percentage point up or down in two trading days from four and sat at a loss of 3 percent for the week as of midday Friday.
GovCon stocks appear to be getting swept in with investor fears over a potential economic slowdown in China, Â the world’s second largest economy and a central hub of raw material manufacturing.
One GovCon Index stock has held firm against the negativity so far in the form of rocket and ammunition maker Orbital ATK with that company’s shares up nearly 2 percent for the week as of midday Friday.
Dulles, Virginia-based Orbital ATK was the Index’s top gainer in 2015 to the tune of 65 percent — more than double the rate of second-ranked Leidos — as investors appear to bet that the combination of Orbital Sciences and ATK’s aerospace and defense groups will generate returns.
The merger closed in February 2015 and Orbital ATK has exceeded Wall Street’s earnings forecasts in all three quarters since it entered the market as a combined entity.
THE WEEK’S TOP GOVCONÂ STORIES
Gary Slack Joins XLA as President, CEO
Slack served as president and COO at QinetiQ North America from 2012 through 2014, when the company now known as Vencore bought QNA’s services group.
The digital component of the U.S. government’s broader modernization goals has become more critical in recent years as the digital landscape expands and uncovers new opportunities and needs. And at Fearless Digital, Alka Bhave is working to enable effective digital transformation for government customers. Bhave, who became president of Fearless Digital in 2023, sat down with Executive
Maximus‘ (NYSE: MMS) federal business has won a seven-year, $50 million contract from the Office of Personnel Management to run a health insurance customer service center for U.S. Postal Service employees, annuitants and their families, G2Xchange FedCiv reported Wednesday. The report said Maximus Federal Services bested three bidders on the indefinite-delivery/indefinite-quantity contract to support the
The Office of Personnel and Management has awarded four small businesses positions on a potential 10-year, $1.3 billion contract to provide software subscriptions to support USALearning customer agencies. BlueStreams Group, Four, Oakland Consulting Group and PowerTrain are the awardees on the multiple-award, indefinite-delivery/indefinite-quantity contract, according to an award notice published Friday. The four information technology