A Note From Our President & Founder Jim Garrettson
Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors.
We got a mixed glimpse of what is in store this week for GovCon Index stocks with first quarter statements from ground and air vehicle maker Textron, avionics technology contractorRockwell Collins and the global industrial conglomerate Honeywell.
Executive Mosaic’s GovCon Index of 30 publicly-traded government contractor stocks has held steadily over the key 75-point barrier for six straight days to punctuate its gradual recovery from a three-month low of 66 points on Feb. 11.
Low oil prices, worries over Chinaâs economy, currency weakness and concerns over the worldâs security environment continue to be the main drivers of activity in U.S. financial markets.
GovCon stocks and especially those with significant global footprints are no exception to the rule but can be insulated from some global headwinds as defense spending is always a constant, as Credit Suisse analyst Robert Spingarn has highlighted.
As noted here in the last edition, all of the U.S.â âBig Fiveâ government contractors (Boeing, General Dynamics, Lockheed Martin, Northrop Grumman & Raytheon) will report second quarter earnings next week and will certainly give the GovCon Index a spike in activity.
Other GCI companies scheduled for earnings calls next week include CACI International, CGI Group, L-3 Communications, Leidos and ManTech International.
**NEWS ALERT** Gina Haspel Overtakes Top Spot in Wash100 Vote Rankings; Stacey Dixon, Juliane Gallina, Katie Arrington Push into Top 10 After rising in the 2020 Wash100 Rankings for the past few weeks, Gina Haspel, director of the Central Intelligence Agency (CIA) has overtaken first place. Her ascension in the rankings proves that your votes
Orlando Figueredo, formerly vice president of operations at Science Applications International Corp. (NYSE: SAIC) and a previous Wash100 award winner, has joined Perspecta (NYSE: PRSP) as VP of business development for the company’s intelligence group.
TYSONS CORNER, VA, Jan. 25, 2018 â Orlando Figueredo, vice president for national security at DXC Technology (NYSE: DXC), has joined other industry and academic leaders in the newly created advisory committee of the Intelligence and National Security Alliance, GovCon Executive reported Wednesday. INSA said Tuesday the group is comprised of 26 members from the private