The
GovCon Index closed Friday with its worst one-day percentage decline in 2016 at 2.805 percent to 77.327 on the heels of Britain’s vote to leave the European Union.
The referendum vote impacted financial markets worldwide, with the Index capping the week at a 1.175-percent loss while the S&P 500 composite index dropped 3.6 percent Friday and entered negative territory on a year-to-date basis.
Raytheon (NYSE: RTN) was GCI’s lone gainer Friday with a 92-cent climb.
Market Summary
Advancing GovCon Index Issues 1 Declining GovCon Index Issues 29 Unchanged GovCon Index Issues 0
Index Value Net Change % Change GovCon Index 77.327 -2.232 -2.805% S&P 500 2, 037.30 -76.02 -3.60% Dow Jones Industrial Average 17, 399.86 -611.21 -3.39% NASDAQ 4, 707.98 -202.06 -4.12%
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Skerl brings more than 25 years of experience in technology transformation, including roles at Bosch, Cabot and Veeam Software.
Chuck Brooks, a GovCon Expert, explores how quantum wave architectures, photonics and AI convergence could reshape computing.
Heaviside received $99 million for its MOTH spectrum analyzer, while RII won $96.9 million for AI-driven Dragonfly sensors.
The planned OASIS+ order would run through February 2032, with a solicitation estimated for December and an award expected in…
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