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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

SymbolCompany$ Current PriceNet Change ▴% Change
 MANT ManTech Intern.36.18+0.58+1.36
 CSRA CSRA*24.26+0.56+2.36
 VEC Vectrus26.23+0.38+1.47
 SAIC SAIC57.32+0.16+0.28
 RTN Raytheon136.66+0.05+0.04

Top GovCon Index Percentage Gainers

SymbolCompany$ Current PriceNet Change% Change ▴
 CSRA CSRA*24.26+0.56+2.36
 MANT ManTech Intern.36.18+0.58+1.63
 VEC Vectrus26.23+0.38+1.47
 SAIC SAIC57.32+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 Issues5
Declining GovCon Index Issues24
Unchanged GovCon Index Issues1
IndexValueNet Change% Change
GovCon Index79.942-0.551-0.6855
S&P 5002, 096.07 -19.41-0.92%
Dow Jones Industrial Average17, 865.34-119.85-0.67%
NASDAQ4, 894.55-64.07-1.29%

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