The GovCon Index closed in neutral territory Monday with a nominal gain of 0.040 points to 77.143.
Lockheed Martin‘s (NYSE: LMT) stock price jumped nearly 2 percent after the company said it would examine a separation of its information technology and technical services business and its agreement to purchase helicopter manufacturer Sikorsky Aircraft from United Technologies Corp. (NYSE: UTX) for $9 billion.
Lockheed also announced a 2-percent increase in sales and 4-percent bump in profit for its second fiscal quarter.
The three major U.S. stock indices closed in slight positive territory Monday as investors prepared to examine post-close second quarter earnings reports from technology giants IBM (NYSE: IBM) and Apple (NASDAQ: APPL), according to CNBC.
The Dow Jones Industrial Average gained 13.96 points to 18, 100.41, the S&P 500 composite index moved up 1.64 points to 2, 128.28 and the NASDAQ composite index rose 8.72 points to 5, 218.86.
Top Percentage Gainers
|Company||$ Current Price||$ Change||% Change|
|Advancing Issues||12 (40.00%)|
|Declining Issues||17 (56.66%)|
|Unchanged Issues||1 (3.33%)|
Executive Mosaic’s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.