Second quarter earnings season has concluded for many GovCon firms and all five of the industry’s most notable U.S.-based identities reported results that surpassed Wall Street analyst forecasts.
Lockheed Martin, Boeing, General Dynamics, Raytheon and Northrop Grumman respectively rank one-through-five on Bloomberg Government’s “BGOV 200” list and are among the main companies investors use as a barometer to measure the GovCon sector’s performance and health.
All members of GovCon’s “Big Five” beat Wall Street’s second quarter earnings forecasts: Lockheed by 27 cents per share, Boeing by 25 cents, General Dynamics by 27 cents, Raytheon by 3 cents and Northrop by 11 cents.
Other GovCon firms that exceeded Wall Street’s second quarter earnings expectations included Engility, Leidos and Orbital ATK, while Harris beat analyst estimates for its fourth quarter.
Our newsroom editor Ross Wilkers spoke to Federal News Radio this week for a segment to analyze developments over the last month surrounding the GovCon Index, Executive Mosaic’s composite stock index of 30 publicly-traded contracting firms.
Wilkers and anchor Francis Rose overviewed how Wall Street views the GovCon sector’s health and performance through those “Big Five” players, as well as how the Index has evolved and performed in a period of significant merger-and-acquisition deals and spinoff moves taking shape.
Click here to listen to the full nine-minute segment that aired Thursday.
There are six days left to reserve your seat at the Potomac Officers Club‘s next “CIO Speaker Series” event Thursday, which will feature Transportation Department CIO Richard McKinney as the keynote.
Army acquisition chief Heidi Shyu will address the POC on Sept. 2 and the General Services Administration’s Chris Hamm is scheduled to speak on Sept. 24.
Additionally, we are looking forward to the POC’s 2015 Cybersecurity Summit on Oct. 15 with Navy Adm. Michael Rogers, head of the National Security Agency and Cyber Command, lined up as the headline speaker.
Click here to sign up for these events and view POC’s full calendar.
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