Author: David Smith|| Date Published: March 20, 2017
Executive Mosaic’s GovCon Index moved downward as the equities markets closed mixed on the day.
The S&P 500 and DJIA ended the day down off -0.20 percent and -0.04 percent respectively while the NASDAQ closed up +0.01. Stocks reacted as Federal Reserve Bank of Chicago President Charles Evans eluted to the potential of multiple interest rate hikes this year.
GovCon Index declining shares outpaced advancers 5 to 1.
WTI closed down at $48.17 per barrel off 1.25 percent as US drilling increases which counters OPEC production cuts.
Lockheed Martin has received a $249 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to support the Surface Electronic Warfare Improvement Program,…
Qualis, InTrack Radar Technologies and Tektonux have merged to form a single company focused on modernizing missile defense, space domain awareness, integrated fires…