A Note From Our President & Founder Jim Garrettson
Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors.
We got a mixed glimpse of what is in store this week for GovCon Index stocks with first quarter statements from ground and air vehicle maker Textron, avionics technology contractorRockwell Collins and the global industrial conglomerate Honeywell.
Executive Mosaic’s GovCon Index of 30 publicly-traded government contractor stocks has held steadily over the key 75-point barrier for six straight days to punctuate its gradual recovery from a three-month low of 66 points on Feb. 11.
Low oil prices, worries over Chinaâs economy, currency weakness and concerns over the worldâs security environment continue to be the main drivers of activity in U.S. financial markets.
GovCon stocks and especially those with significant global footprints are no exception to the rule but can be insulated from some global headwinds as defense spending is always a constant, as Credit Suisse analyst Robert Spingarn has highlighted.
As noted here in the last edition, all of the U.S.â âBig Fiveâ government contractors (Boeing, General Dynamics, Lockheed Martin, Northrop Grumman & Raytheon) will report second quarter earnings next week and will certainly give the GovCon Index a spike in activity.
Other GCI companies scheduled for earnings calls next week include CACI International, CGI Group, L-3 Communications, Leidos and ManTech International.
Phyllis Schneck, a veteran cybersecurity leader, will assume the role of vice president and chief information security officer of Northrop Grumman (NYSE: NOC), starting Oct. 14.
Jan. 11 – Jan. 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson America’s space program appears to be the place where government and industry are taking concrete steps toward increased public-private partnerships as a means to spur innovation on both sides and create opportunity for both sides to drive
Weekly Roundup Oct 12 – Oct 16 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The militaryâs chief weapons buyer took to the TV airwaves this week to expand further on his message that the defense prime contractor landscape should remain in its current composition and also