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Ross Wilkers

July 22 Market Close: GovCon Index Shakes Off Weak Open, Honeywell Plummets on Sales Outlook Cut

GovConIndexUP

Executive Mosaic’s GovCon Index reversed an initial weak open to register a gain Friday that was not enough to push the GCI to positive for the week as second quarter earnings reports started for government contracting companies. The GovCon Index added 0.289 points to 81.788 Friday but ended at a nominal five-day decline of 0.031 points with …

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Weekly Roundup July 18 – July 22 2016: 2Q Earnings Season to Hit High Gear & more

budget-analysis-review

July 18 – July 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson    As is the custom of recent times, Lockheed Martin started a new earnings season for GovCon companies Tuesday with a boost to its full-year guidance and second quarter financial …

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Honeywell, Textron Post 2Q Earnings Beats

Money

Honeywell International (NYSE: HON) and Textron (NYSE: TXT) both posted second quarter earnings above analyst expectations before markets opened Friday. The GovCon Index and S&P 500-listed companies were mixed on the revenue front as Honeywell’s increased 2.25 percent from the prior year period but fell short of analyst estimates, while Textron’s …

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Boeing to Issue $2.05B Charge, $393M KC-46 Writedown in 2Q Earnings

KC46A

Boeing (NYSE: BA) will take $2.05 billion in total after-tax charges on second quarter earnings that include a $393 million writedown on the KC-46 refueling tanker for the Air Force when the airplane manufacturer reports April-June results Wednesday. The company said Thursday the charges amount to $3.23 in earnings per share with 63 …

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July 21 Market Close: GovCon Index Falls on Defense Prime Losses, Oil Decline Holds Down US Stocks

GovConIndexDOWN

Executive Mosaic’s GovCon Index tumbled Thursday on large declines among defense prime companies as U.S. stocks traded lower on falling oil prices and mixed earnings reports among blue chips. The GovCon Index declined 0.694 points to 81.499  as none of the GCI’s 11 S&P 500-listed stocks closed at a gain with eight in the U.S. stock …

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July 20 Market Close: GovCon Index Up on Mid-Tier & Services Stock Gains, Lockheed Down

GovConIndexUP

Executive Mosaic’s GovCon Index closed at an all-time high for the sixth time in eight sessions Wednesday on a mix of strong performances from middle-tier platform and product makers plus predominantly services-oriented contractors. The GovCon Index gained 0.328 points to 82.193 with nine of the GCI’s 11 S&P 500-listed companies in positive at the close and …

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July 19 Market Close: GovCon Index Flat, Lockheed Gains on 2Q Beat Despite F-35 & Profit Caution

GovConIndexUP

Executive Mosaic’s GovCon Index scored a gain in choppy trade Tuesday on help from defense prime stocks such as Lockheed Martin (NYSE: LMT), which posted second quarter earnings and sales above analyst expectations but issued some caution to analysts on future earnings and the F-35 program. The GovCon Index closed up …

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Lockheed Eyes Further Share Count Cut Via Leidos Transaction, to Use Cash Dividend for Stock Buyback

lockheed martin

Lockheed Martin (NYSE: LMT) envisions further reductions in its outstanding share count after the merger of its information systems and global solutions business into Leidos Holdings (NYSE: LDOS) completes on its scheduled closure date of Aug. 16, Lockheed Chief Financial Officer Bruce Tanner told investors Tuesday. Tanner’s comment to analysts in the company’s second …

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Lockheed Boosts Full-Year Guidance on 2Q Earnings, Revenue Beats

F35C launch on USS Nimitz

Lockheed Martin (NYSE: LMT) lifted full-year earnings and revenue guidance Tuesday and exceeded analysts’ second quarter estimates for both figures on sales from the Sikorsky helicopter business acquired in November as negotiations between the company and U.S. government continue on the next two F-35 fighter jet batches. Bethesda, Maryland-based Lockheed said it now expects 2016 …

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FMS Program Head Joe Rixey to Headline Global Weapons Trade Discussion Forum for Potomac Officers Club

Vice Adm. Joe Rixey

The top uniformed officer over the U.S. government’s foreign military sales program will keynote an Aug. 3 breakfast forum hosted by Executive Mosaic’s Potomac Officers Club in Falls Church, Virginia to discuss the global arms trade’s current environment and the role of domestic industry in efforts to help defense agencies support …

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