Author: Ross Wilkers|| Date Published: February 12, 2016
The GovCon Index rebounded on oil price recoveries and investor confidence Friday at a gain of 0.547 points to 69.294 but remain below the 70-point barrier for a second consecutive close.
The Index posted a loss of 2 percent for the week and is down 10.62 percent from the start of the year.
CSRA‘s (NYSE: CSRA) third quarter earnings statement from Wednesday continued to spur buys of its stock as the Falls Church, Virginia-based federal technology services contractor jumped 4 percent Friday and shares have spiked 14.83 percent over two days.
U.S. stocks ended their five-day stretch of declines as crude oil futures in New York jumped 12 percent to $29.44 a barrel and brent in London gained 11 percent to $33.23, according to Bloomberg.
Investors gauged data that showed retail sales increased in January and also snapped up bank stocks to drive that sector’s largest rally since November 2011, Bloomberg reported.
Amentum Mitie Pacific has secured an indefinite-delivery/indefinite-quantity contract with a potential value of $656.4 million to provide base operating support…
CACI International has secured a potential five-year, $416 million SeaPort-Next Generation task order to sustain and modernize information technology systems…
Cherry Bekaert has acquired accounting and advisory firm Tarsus to expand outsourced accounting, real-time financial reporting and strategic chief financial…
General Dynamics Information Technology has received a U.S. Navy contract worth $988 million to modernize and integrate command, control, communications,…
The GovCon Index rebounded on oil price recoveries and investor confidence Friday at a gain of 0.547 points to 69.294 but remain below the 70-point barrier for a second consecutive close.
