Author: David Smith|| Date Published: March 14, 2017
Executive Mosaic’s GovCon Index followed the markets down today closing at 92.883 off 0.445 percent.
The major markets were dragged down by energy stocks as Saudi Arabia announced that they will increase production back above ten million barrels per day. WTI crude fell below the $48 mark closing the day at $47.87 per barrel off 1.10%.
The GovCon Index declining issues outpaced advancing 4 to 1 with slim gains for the six stocks in the positive column.
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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…