The Executive Mosaic GovCon Index posted gains to close at 93.283 up 0.605 percent, with advancers shares outpacing and decliners shares 4 to 1. The S&P 500 index and NASDAQ index hit record highs as oil shows a strong rebound and energy and financial sectors lead gains. WTI rose again for the fourth consecutive day up $1.10

Raytheon (NYSE: RTN) has received a potential six-year, $254.6 million contract to design, build, integrate and test a Joint Precision Approach and Landing System for the U.S. Navy. The Defense Department said Wednesday that Raytheon will continue to develop eight existing JPALS engineering development models and build two additional models to help the Navy fulfill operational capability requirements for F-35B/C and MQ-25

U.S. Secretary of State John Kerry is meeting with Oman officials this week to discuss a proposed $2.1 billion military sales agreement with Raytheon Co., according to a Bloomberg Businessweek article. Indira A.R. Lakshmanan and Gopal Ratnam write the meeting focuses on the Persian Gulf country’s intent to purchase an aerial defense system for protecting