A Note From Our President & Founder Jim Garrettson
The start of March has given investors everywhere a respite of calm so far after a January and February period of across-the-board, worldwide market volatility that carried over from the end of last year.
Concerns over China’s economic picture and low oil prices may still loom over financial markets worldwide but some stability appears to have settled in compared to the panic-like activity from winter.
Our GovCon Index of 30 large, publicly-traded government contractor stocks hit a three-month low Feb. 11 and sat at a decline of 11 percent on a year-to-date basis then.
The Index has climbed back 6 percent since and is down 5 percent since the year’s start as of Thursday, with the S&P 500 composite index down 2 percent year-to-date by comparison.
Within the past four weeks, the GCI has risen 4 percent as investors with an interest in defense and GovCon have welcomed positive earnings reports from the Index’s largest platform and system makers for 2015 and outlooks that forecast continued growth in 2016.
Military truck maker Navistar has been the Index’s brightest star over four weeks with its stock up 45 percent as of Thursday’s close in a period that saw its CEO hint to Reuters the company was open to deals and increased industry partnerships to boost sales.
Traders have also snapped up Engility shares to make that company the Index’s second-largest gainer over four weeks at 35 percent, followed by Cubic at 19 percent and AECOM at 16 percent.
Another earnings season is just right around the corner next month to give us a new gauge of the GovCon sector’s health and its perception in the Wall Street community.
A joint venture between AECOM (NYSE: ACM) and Ensafe has won a five-year, $400 million contract from the Department of the Navy to perform architectural and engineering work for environmental action projects within the Naval Facilities Engineering Systems Command’s Atlantic area of operations. Resolution Consultants will also help manage DON’s environmental restoration and munition response
Five companies will compete for task orders to help the U.S. Army Corps of Engineers carry out remediation and environmental projects at international locations under a cost-plus-fixed-fee, firm-fixed-price contract worth potentially $500 million. USACE’s Engineering and Support Center in Huntsville, Alabama, received eight bids for the procurement effort and will determine funds and work performance
Executive Mosaic is honored to present John Vollmer, CEO of Amentum, as a recipient of the 2022 Wash100 Award – an annually recognized class of distinguished figures in the government contracting community who demonstrate leadership, innovation, achievement and vision. Named to the Wash100 for the seventh time, Vollmer continues to be ranked among the top 100 executives
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The start of March has given investors everywhere a respite of calm so far after a January and February period of across-the-board, worldwide market volatility that carried over from the end of last year.
Our 
Military truck maker Navistar has been the Index’s brightest star over four weeks with its stock up 45 percent as of 
