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 |
|---|---|---|---|
| Lockheed Martin | 205.13 | +3.95 | +1.96% |
| Maximus | 68.66 | +0.84 | +1.24% |
| Honeywell International | 106.37 | +0.83 | +0.79% |
| Northrop Grumman | 169.83 | +0.84 | +0.50% |
| ICF International | 36.39 | +0.12 | +0.33% |
Market Summary
| Â Advancing Issues | Â Â 12 (40.00%) |
| Â Declining Issues | Â Â Â 17 (56.66%) |
| Â Unchanged Issues | Â Â Â 1 (3.33%) |
Executive Mosaic’s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.
