Author: David Smith|| Date Published: December 21, 2016
Executive Mosaic’s GovCon Index declined Wednesday in spite of the strong performance by Navistar International (NYSE: NAV). Navistar closed up 5.79 percent to $31.80 on trading volume of over 1.2 million shares.
Navistar International (NYSE: NAV) ended first for GCI performers after company executives told investors in the fourth quarter earnings call the armored truck maker expects all regulatory approvals for its alliance with Volkswagen to complete by early 2017.
The GovCon Index ending the day at 88.558 down 0.421 points or 0.473 percent. Decliners outpaced gainers 6-to-1.
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Raytheon, an RTX business, has received a $206.2 million contract from the U.S. Navy to integrate advanced Global Positioning System capabilities into…