June 13 Morning Report: GCI Posts 4th Straight Weekly Gain on Strong Defense Contractor Stocks

GovConIndexDOWNThe GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase.

Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) helped drive the Index’s climb.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
 MANT  ManTech Intern. 36.18 +0.58 +1.36
 CSRA  CSRA* 24.26 +0.56 +2.36
 VEC  Vectrus 26.23 +0.38 +1.47
 SAIC  SAIC 57.32 +0.16 +0.28
 RTN  Raytheon 136.66 +0.05 +0.04

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
 CSRA  CSRA* 24.26 +0.56 +2.36
 MANT  ManTech Intern. 36.18 +0.58 +1.63
 VEC  Vectrus 26.23 +0.38 +1.47
 SAIC  SAIC 57.32 +0.16 +0.28
 RTN  Raytheon* 136.66 +0.05 +0.04

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 5
Declining GovCon Index Issues 24
Unchanged GovCon Index Issues 1
Index Value Net Change % Change
GovCon Index 79.942 -0.551 -0.6855
S&P 500 2, 096.07  -19.41 -0.92%
Dow Jones Industrial Average 17, 865.34 -119.85 -0.67%
NASDAQ 4, 894.55 -64.07 -1.29%

Check Also

Leonardo DRS

Leonardo DRS Secures $250M Army Tactical Terminal Replacement Contract

Leonardo DRS has been awarded a five-year, $250M contract to replace the U.S. Army's satellite communications terminals designed for tactical users. The contractor will help the Army replace the terminals that are set for decommissioning in fiscal year 2025, the Department of Defense said Wednesday.

Vicki Schmanske President Leidos Intell Group

Leidos Books Potential $960M CBP Software Dev’t BPA; Vicki Schmanske Quoted

Leidos (NYSE: LDOS) has received a potential five-year, $960M blanket purchase agreement to develop software to support the Customs and Border Protection’s traveler vetting procedures.