The GovCon Index roseÂ 0.455 points to 77.518 for a second consecutive close at an all-time high onÂ earnings reports from contractors that exceededÂ Wall Street estimates.
L-3 CommunicationsÂ (NYSE: LLL) rose 2.24Â percent to $124.80Â despite its report of a third-quarter net loss due to a $491 million writedown in its national security solutions segment, which the company is reviewing for a potential spinoff or sale.
Consulting services provider ICF International (Nasdaq: ICFI) was due to report its third-quarter results after the market closed and Rockwell Collins (NYSE: COL) will release its figures Friday morning.
Non-Index company Iridium Communications (Nasdaq: IRDM) surged 22.24 percent to $7.97 after the government and commercial communications provider reported third-quarter earnings and revenue that exceeded Wall Street forecasts.
U.S. stocks fell on data thatÂ showedÂ the economy grew 1.5 percent to fall below Bloomberg’s estimate of 1.6 percent and the second-quarter rate of 3.9 percent, according to USA Today.
Top GovCon Index Gainers
|Company||$ Current Price||$ Change||% Change|
|Index||Value||NetÂ Change||%Â Change|
|S&P 500||2, 089.41||-0.94||-0.04%|
|Dow Jones Industrial Average||17, 775.80||-23.72||-0.13%|