May 2 Morning Report: GovCon Index Posts Weekly Decline, Sharp Gain for April

GovConIndexDOWNThe GovCon Index posted a loss of 0.481 points to 76.361 Friday and closed the week with a decline amid the release of first-quarter earnings reports from large U.S. government contractors throughout the week.

GCI closed April as its third consecutive month with positive movement at a year-to-date gain of 5.24 percent.

Several of the largest GovCon companies reported first-quarter earnings and sales this week that topped Wall Street expectations, including Lockheed Martin (NYSE: LMT), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC).

 

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
LLL L-3 Communications* 131.53 +0.69 +0.53%
ICFI ICF International 39.37 +0.65 +1.68%
NOC Northrop Grumman* 206.26 +0.65 +0.32%
ACM AECOM 32.49 +0.22 +0.68%
BAESY BAE Systems 27.94 +0.02 +0.06%

* Also listed in the S&P 500 composite index

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change
ICFI ICF International 39.37 +0.65 +1.68%
ACM AECOM 32.49 +0.22 +0.68%
LLL L-3 Communications* 131.53 +0.69 +0.53%
NOC Northrop Grumman* 206.26 +0.65 +0.32%
I Intelsat 3.95 +0.01 +0.25%

Market Summary

Advancing GovCon Index Issues 6
Declining GovCon Index Issues 23
Unchanged GovCon Index Issues 1
Index Value Net Change % Change
GovCon Index 76.361 -0.481 -0.626%
S&P 500 2, 065.30 -10.51 -0.51%
Dow Jones Industrial Average 17, 773.64 -57.12 -0.32%
NASDAQ 4, 775.36 -29.93 -0.62%

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.