The
GovCon Index closed Friday with a loss of 1.052 percent to 77.038 and posted a weekly decline of 0.155 percent or 0.12 points.
U.S. investors remain wary as earnings reports from consumer companies were below expectations, although retail sales exceeded the consensus economist expectation with an increase of 1.3 percent in April, Reuters reported .
Crude oil futures in New York declined 1.1 percent to $46.21 but the benchmark has gained at least 3 percent for the week.
Market Summary
Advancing GovCon Index Issues 2 Declining GovCon Index Issues 28 Unchanged GovCon Index Issues 0
Index Value Net Change % Change GovCon Index 77.038 -0.819 -1.052% S&P 500 2, 046.61 -17.50 -0.85% Dow Jones Industrial Average 17, 535.32 -185.18 -1.05% NASDAQ 4, 717.68 -19.66 -0.41%
Graham Evans spent more than 16 years at Booz Allen Hamilton, leading AI and platform work in its defense technology…
GDIT has named retired Maj. Gen. Ryan Heritage vice president of full-spectrum cyber to unify its cyber capabilities across missions.
Leidos has used automation to accelerate patch delivery to network devices by 93 percent and enterprise-wide patching by 94 percent.
Sabel Systems has named Mini Polaski SVP of the ADAx unit and Alexis Wenzel VP of business development for the…
Tadaweb VP Erik Noren has said agencies should adopt AI to help analysts focus on relevant open-source intelligence.
Google Public Sector has won the potential $876 million DHS Cumulus contract to provide departmentwide commercial cloud services.
ITC Federal has acquired Capgemini Government Solutions, forming ITC Digital Solutions to expand digital modernization capabilities.
Boeing has received a $13.4 billion Air Force contract modification to add FMS scope for the KC-46 aircraft.
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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The GovCon Index closed Friday with a loss of 1.052 percent to 77.038 and posted a weekly decline of 0.155 percent or 0.12 points.
