May 10 Market Close: GCI Soars 1% as Lockheed, Northrop, HII Hit All-Time Highs in Intraday Trade

The GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions.

Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Huntington Ingalls Industries (NYSE: HII) all approached new 52-week highs in intraday trade.

Colorado Springs-based technology and communications services contractor Vectrus (NYSE: VEC) was scheduled to release its first-quarter financial results after the close of U.S. markets Tuesday.

The S&P 500 composite index that also includes 11 GCI stocks posted its largest gain in almost a month on recoveries in raw material commodities such as zinc and nickel with crude oil also up, according to Bloomberg.

Crude futures in New York jumped 2.8 percent to $44.65 a barrel on reports that supply from Nigeria and Libya could see disruptions, Bloomberg reported.

Top GovCon Index Net Gainers

Symbol	Company	$ Current Price	Net Change –´	% Change
LMT	Lockheed Martin*	244.36	+4.04	+1.68%
NOC	Northrop Grumman*	217.43	+2.80	+1.30%
GD	General Dynamics*	145.71	+2.74	+1.92%
BA	Boeing*	134.72	+2.62	+1.98%
HII	Huntington Ingalls Industries	156.17	+1.81	+1.17%

* Also listed in the S&P 500 composite index

Top GovCon Index Percentage Gainers

Symbol	Company	$ Current Price	Net Change	% Change –´
NAV	Navistar International	12.22	+1.03	+9.20%
I	Intelsat	3.86	+0.27	+7.52%
EGL	Engility Holdings	23.98	+1.03	+4.49%
CAE	CAE	12.09	+0.33	+2.81%
GIB	CGI Group	45.04	+1.22	+2.78%