April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

GovConIndexUPThe GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week.

While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel.

Four of the five largest U.S. government contractors will report first-quarter earnings in the last week of April, with Lockheed Martin (NYSE: LMT) scheduled for April 26 followed by Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) on April 27 and Raytheon (NYSE: RTN) on April 28.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
BAESY BAE Systems 28.16 +0.61 +2.21%
CAE CAE 11.29 +0.19 +1.71%
NAV Navistar International 11.63 +0.16 +1.39%
VEC Vectrus 22.15 +0.26 +1.19%
GD General Dynamics* 132.91 +1.52 +1.16%

* Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 21
Declining GovCon Index Issues 9
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 74.227 +0.197 +0.266%
S&P 500 2, 047.60 +5.69 +0.28%
Dow Jones Industrial Average 17, 576.96 +35.00 +0.20%
NASDAQ 4, 850.69 +2.32 +0.05%

Check Also

fuel supply

DLA Selects 10 Awardees for Fuel Supply IDIQs 

Ten companies have each received indefinite-delivery/indefinite-quantity contracts to provide various fuel types to support designated Defense Logistics Agency missions.

BAE Systems

BAE Closes Purchase of Collins Aerospace’s Military GPS Business

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.