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July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

GovConIndexDOWN

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

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July 27 Market Close: GovCon Index Gets Lift on CGI, GD & Boeing Earnings Beats

GovConIndexUP

Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as the latter stock market bellwether attempted a late charge into …

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Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates

Money

Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

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July 26 Market Close: GovCon Index Holds Higher Against Flat US Market Ahead of Prime Defense Earnings

GovConIndexUP

Executive Mosaic’s GovCon Index traded higher Tuesday against choppy trade in the larger U.S. stock market as defense-oriented investors prepare to examine a large batch of earnings reports from major sector players due Wednesday. The GovCon Index notched a gain of 0.473 points to 82.151 and eight of the GCI’s 11 S&P 500-listed companies closed …

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July 25 Market Close: GovCon Index Down on Prime Declines & Oil Fall, Engility Surges on Debt Refinance Plan

GovConIndexDOWN

Executive Mosaic’s GovCon Index held in slight negative range Monday as gains by services contractors Engility Holdings (NYSE: EGL) and CACI International (NYSE: CACI) failed to offset declines by defense primes and platform makers. The GovCon Index declined 0.110 points to 81.678 and only two of the GCI’s 11 S&P 500-listed stocks closed in green …

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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 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 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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July 18 Market Close: GovCon Index Slightly Down Ahead of Lockheed 2Q Earnings Report

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results. The GovCon Index closed down 0.233 points to 81.586 with four of the GCI’s …

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July 18 Morning Report: GovCon Index Posts Nominal Decline Ahead of Q2 Earnings Season

GovConIndexDOWN

Executive Mosaic’s GovCon Index posted a nominal loss of 0.004 points to 81.819 Friday to end a four-day rally but closed the week up 1.257 percent. The second-quarter earnings season opens Tuesday, and Lockheed Martin (NYSE: LMT) will be the first GovCon Index company to report second-quarter earnings with its statement due prior to the opening bell. Top GovCon …

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