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May 26 Morning Report: GovCon Index Down on Friday’s Close


GovConIndexDOWNThe GovCon Index closed Friday with a decline of 0.328 points at 75.067 for a second straight day of losses.

Harris Corp. (NYSE: HRS) and Exelis (NYSE: XLS) both reported a jump of 1 percent following news that they are set to close the former’s acquisition of the latter on May 29 after securing approval from the Justice Department and Exelis shareholders.

The Dow Jones Industrial Average slipped  53.72 points to 18, 232.02, the Standard & Poor’s 500 composite index declined 4.75 points to 2, 126.07 and the NASDAQ composite index lost 1.43 points to 5, 089.36.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Harris Corp.   80.26   0.94   1.19%
  ICF International   36.42   0.33   0.91%
  Intelsat   10.48   0.09   0.87%
  Exelis Inc.   24.82   0.21   0.85%
  Navistar   28.18   0.20   0.71%

Market Summary

  Advancing Issues     8 (26.66%)
  Declining Issues   22 (73.33%)
  Unchanged Issues     0

Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

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