A Note From Our President & Founder Jim Garrettson
Second quarter earnings season has concluded for many GovCon firms and all five of the industryâs most notable U.S.-based identities reported results that surpassed Wall Street analyst forecasts.
Lockheed Martin, Boeing, General Dynamics, Raytheon and Northrop Grumman respectively rank one-through-five on Bloomberg Governmentâs âBGOV 200â list and are among the main companies investors use as a barometer to measure the GovCon sectorâs performance and health.
All members of GovCon’s “Big Five” beat Wall Street’s second quarter earnings forecasts:Â Lockheed by 27 cents per share, Boeing by 25 cents, General Dynamics by 27 cents, Raytheon by 3 cents and Northrop by 11 cents.
Other GovCon firms that exceeded Wall Streetâs second quarter earnings expectations included Engility, Leidos and Orbital ATK, while Harris beat analyst estimates for its fourth quarter.
Our newsroom editor Ross Wilkers spoke to Federal News Radio this week for a segment to analyze developments over the last month surrounding the GovCon Index, Executive Mosaicâs composite stock index of 30 publicly-traded contracting firms.
Wilkers and anchor Francis Rose overviewed how Wall Street views the GovCon sector’s health and performance through those âBig Fiveâ players, as well as how the Index has evolved and performed in a period of significant merger-and-acquisition deals and spinoff moves taking shape.
Click here to listen to the full nine-minute segment that aired Thursday.
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There are six days left to reserve your seat at the Potomac Officers Clubâs next âCIO Speaker Seriesâ event Thursday, which will feature Transportation Department CIO Richard McKinney as the keynote.
Army acquisition chief Heidi Shyu will address the POC on Sept. 2 and the General Services Administrationâs Chris Hamm is scheduled to speak on Sept. 24.
Additionally, we are looking forward to the POCâs 2015 Cybersecurity Summit on Oct. 15 with Navy Adm. Michael Rogers, head of the National Security Agency and Cyber Command, lined up as the headline speaker.
Click here to sign up for these events and view POCâs full calendar.
Executive Mosaic’s GovCon Index closed at an all-time high Wednesday for the second time in three sessions as U.S. stocks also extended their record-setting rally in their best one-day performance of 2017 so far with the S&P 500 composite index above 2,400 for the first time during intraday trade after President Donald Trump’s Tuesday night speech to
Executive Mosaic’s GovCon Index and U.S. stocks fell Tuesday at their worst one-day declines over the past month as investors looked ahead to President Donald Trump’s speech before a joint session of Congress at 9:00 p.m. Eastern time for further clues on his economic agenda that has included promises of tax cuts, deregulation and defense spending increases. GovCon
Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio as only two of its